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  • Hiscox plc is set to become the next Lloyd’s insurer to establish a Bermudian licensed (re)insurer, Insider Week can reveal.
  • Shares in UK quoted GoshawK collapsed more than 40 percent last week to close at 5p as the company explained it is no longer able to get access to funds in its Bermudian reinsurance arm Rosemont Re – which became the first industry casualty of this year’s
  • UK insurer R&SA has settled with Wilmington Trust, one of the three plaintiffs in the ongoing Student Finance Corporation litigation.
  • The long-running energy line-slip dispute Aon 77 returns to court today (7 November) with the reinsurers appealing Mr Justice Morison’s decision last year which absolved broker Aon of any suggestions of non-disclosure or misrepresentation and allowed the
  • French (re)insurer SCOR posted a third quarter profit aided by a moderate impact from natural catastrophes this year and healthy capital gains of EUR48mn.
  • Reinsurer Swiss Re looks to be in good health with the group set to be a winner from the recent hurricane season.
  • Newly listed Lloyd’s insurer Omega Insurance Holdings is close to raising post-Katrina funds in a rights issue, Insider Week can reveal.
  • The online reinsurance trading company RI3K is threatening to throw down a gauntlet to Lloyd’s faltering electronic hub Kinnect, Insider Week’s sister publication The Insurance Insider reveals this month.
  • Bermuda’s latest wave of (re)insurance start-ups is set to be the most prolific yet, with Insider Week estimating that up to $10bn in capital could be raised by new (re)insurers following this season’s hurricanes.
  • Lloyd’s based broker Fabien Risk Services Ltd has gone into liquidation with debts of over £700,000 and questions over the behaviour of some of its former directors. The company, which was formed in 2001 and...