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SVB pleased with Fusion sell-off
SVB’s chief executive Matthew Fosh welcomed the sale of its UK property underwriting agency Fusion to industry consolidator Towergate Underwriting Ltd last week.
07 November 2005
Richard Brindle to launch $700mn+ Bermudian Lancashire
Former Lloyd’s underwriter Richard Brindle is to set up a new Bermudian (re)insurer to target the post hurricanes rating environment.
07 November 2005
$500mn start-up New Castle receives rating
New Bermudian reinsurer New Castle Re has received its initial ratings, A- (Excellent) for financial strength and a- for issuer credit, from agency AM Best.
07 November 2005
Hiscox to set up Bermudian (re)insurer start-up
Hiscox plc is set to become the latest Lloyd's insurer to establish a Bermudian licensed (re)insurer, Insider Week can reveal.
07 November 2005
RI3K set to challenge Kinnect
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.
07 November 2005
Bermuda’s 2005 start-ups could raise $10bn
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.
07 November 2005
Hiscox to set up Bermudian (re)insurer
Hiscox plc is set to become the next Lloyd’s insurer to establish a Bermudian licensed (re)insurer, Insider Week can reveal.
07 November 2005
Gallagher Re appoints former Guy Carp managing director
Gallagher Re has swooped for former Guy Carpenter managing director John Pagliaccio to head up its Global Analytics team in the US.
07 November 2005
Mixed results for big three brokers
It was a mixed bag as the big three global brokers announced their third-quarter results last week.
07 November 2005
Alea more than doubles Katrina loss estimates
Stricken (re)insurer Alea Group Holdings more than doubled its hurricane Katrina loss estimates and warned shareholders that it is developing contingency plans for any businesses it cannot sell.
07 November 2005
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