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  • International news digest - December 2005
    AIG restates again after $500mn discovery ; Quanta woes continue ; Hannover profits blown out by storms ; French riots cost AXA EUR50mn ; Ex-HIH finance chief faces criminal charges ; Loss record broken, says ISO ; Segal sentenced to ten years et al...
    08 December 2005
  • R&SA facing heavy Mexican hurricane losses
    UK insurer Royal & Sun Alliance (R&SA) is facing damaging losses of up to $300mn net as a result of Mexican hurricane losses, The Insurance Insider understands. Hurricane Wilma slammed into the coast near Cancun in mid-October causing devastation to...
    08 December 2005
  • Dewsall set to head Gable
    William Dewsall, the former managing director of Hogarth Underwriting, is set to be appointed CEO of planned construction and liability insurer Gable Insurance AG. The new company is the result of the acquisition of Liechtenstein-based Duke Brown AG...
    08 December 2005
  • London news digest - December 2005
    Lloyd’s to pioneer Islamic (re)insurance ; Beazley forms new £200mn Syndicate ; Alea winds down London arm ; Brit commits to dividend and raises £150mn in debt issue ; Lloyd’s and Willis get Chinese approval ; Agnew Higgins wins International et al...
    08 December 2005
  • Lancashire Re set for London IPO
    Class of 2005 reinsurer looks to be the first start-up on AIM since PRI The Bermudian start-up reinsurer Lancashire Holdings Ltd is set to float on the London Stock Exchange’s Alternative Investment Market (AIM) in a bid to raise the final tier of...
    08 December 2005
  • Reinsurance sidecars find going tougher than expected with hedge funds
    Despite the perception that hedge funds currently possess an unalloyed enthusiasm for all things reinsurance, the sponsors of the new sidecar arrangements are not being overwhelmed with interest from the cash-rich funds. These so-called sidecars are...
    08 December 2005
  • 'Class of 2005' given seal of approval
    Rating agency AM Best is set to seal its stamp of authority on Bermuda’s “Class of 2005” (re)insurers when it publishes inaugural financial strength ratings for a number of the start-ups in the forthcoming days. At time of going to press, AM Best...
    08 December 2005
  • SCOR buys Alea Europe renewal rights
    SCOR will acquire one of the last trading arms of the defunct Alea Group after announcing this morning that it has agreed terms for the renewal rights of Alea Europe AG. Under the agreement, the French reinsurer will pay Alea Europe a commission...
    08 December 2005
  • London Market boxes for charity
    The 23rd of November saw a gala night of charity white collar boxing as The Insurance Insider, hosted “A Hard Market?” on behalf of the London insurance industry.
    08 December 2005
  • Buckenham in US partnership
    Reinsurance specialist broker, JK Buckenham Ltd (JKB) has announced the creation of JKB USA, which has been formed in partnership with US broker Performance Insurance Services.
    08 December 2005
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