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Bentley agrees £400mn longevity swap with Abbey Life
UK luxury motor firm Bentley Motors has concluded a longevity swap with Deutsche Bank subsidiary Abbey Life covering pension obligations worth £400mn.
07 May 2013
Perils adds Italian coverage
European industry loss aggregator Perils has expanded its database to cover Italian earthquake and flood risk, the company announced today.
07 May 2013
RenaissanceRe buys private cat bond; won’t renew Timicuan sidecar
RenaissanceRe has issued its first cat bond in a private transaction, the company's global chief underwriting officer Kevin O'Donnell said on the company's earnings call.
03 May 2013
Halsband leaves Deutsche Bank
Michael Halsband has left Deutsche Bank after two years structuring and executing ILS transactions for the bank, Trading Risk can reveal.
03 May 2013
Towers Watson reinsurance arm for sale
New York-listed consultancy Towers Watson has discreetly begun marketing its reinsurance broking arm, including the Towers Watson Capital Markets brand, sister publication The Insurance Insider revealed earlier this week.
03 May 2013
Florida drops plans for risk pool facility
The Florida legislature has dropped proposals for a risk-pooling facility in the final version of a reform bill that includes measures to continue shrinking exposures at state-backed insurer Citizens.
03 May 2013
Montpelier Re’s Blue Capital adds another $50mn
Montpelier Re's Blue Capital has raised $52.3mn from the second-round placement for its listed Global Reinsurance Fund, the company disclosed this morning.
03 May 2013
Aon Benfield Securities adds to Chicago team
Aon Benfield Securities has hired two new senior executives for its Chicago office where they will advise on M&A and capital raising initiatives.
02 May 2013
DaVinci Re profit drops as RenRe pulls back top line
RenaissanceRe's DaVinci Re sidecar made a $57.7mn profit during the first quarter of 2013, down nearly 30 percent from $81.4mn for the same period last year, as the vehicle's earned premium income base fell by 5 percent to $91.6mn.
02 May 2013
Lancashire benefits from $15.6mn ILW settlement
Lancashire's first quarter results released today (2 May) benefited from a commutation agreed on an industry loss warranty (ILW) that was close to being triggered by Superstorm Sandy
02 May 2013
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