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Redholm to write $120mn in 2006
Redholm Underwriting Agents is set to write $120mn in aviation capacity at Lloyd’s this year and has begun filling the vacancies created by a mass defection to American International Group (AIG).
04 May 2006
Risk Securitisations come of age
(Re)insurers and the capital markets are pushing back the boundaries in their willingness to securitise risk. Where will it all end? It might appear somewhat odd to note (re)insurance securitisations are now Ă la mode considering the industry's...
04 May 2006
Class action suit rouses Fairfax bears
Although shares in Fairfax Financial Holdings have regained some ground lost following the company's revelation that senior management members face a class action lawsuit, bears on the stock continue raising questions over the future of the Canadian...
04 May 2006
Willis reports rising Q1 earnings on flat revenues
Willis Group Holdings Ltd reported yesterday (3 May) net income of $140mn, or $0.89 per share, for the first quarter of 2006, more than double the $67mn, or $0.41 per share, recorded in the prior year period.
04 May 2006
Securitisation demand fuels EUR1bn fund
New funds are tapping hedge funds' demand for (re)insurance linked securities A new EUR1bn fund is set to be launched later this year to tap into the burgeoning demand for (re)insurance linked securities, The Insurance Insider can reveal.
04 May 2006
LCL extends interest in Isle of Man firm
The run-off acquisitions firm LCL Acquisitions Ltd has completed its ownership of the Isle of Man insurance administration firm FIT Administration (IoM) Ltd.
04 May 2006
Retro crunch shows little sign of easing
Reinsurers are continuing to face harsh increases following the retro capacity crunch. Will this drive demand for alternative sources of contingent capital? Six months on from the tail-end of last year's devastating storm season, and the...
04 May 2006
Marketform picks up Newson for PA
Paul Newson is set to join Lloyd’s managing agency Marketform to write a book of personal accident (PA) business. The Insurance Insider, which last month predicted that there would be further moves around the London PA market, understands that Newson..
04 May 2006
IPC Re goes it alone
Bermudian reinsurer to establish 'independent presence' American International Group (AIG) is continuing to divest its interest in reinsurers it helped found, with the US giant putting its 24.2 percent stake in Bermudian IPC Re...
04 May 2006
Marsh grows earnings despite falling revenues
Global brokers continuing to toil in competitive post-Spitzer landscape MMC chief executive Michael Cherkasky pointed to the green shoots of recovery in his company’s first quarter results, but it was also apparent that the global brokers are still...
04 May 2006
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