All Global Reinsurance articles in On-Line Archive – Page 534
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Scheme proposed for RNICE
Reliance National Insurance Company (Europe) Ltd (RNICE) has been granted leave by the English Court to convene a meeting of its creditors for the purposes of considering a solvent scheme of arrange …
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Countdown to Contract Certainty
Highlights of the contract certainty discussion in London.
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Willis to buy South African reinsurance broker
Willis Group agreed to acquire the business and assets of Reinsurance Consultants and Intermediaries (RCI), the reinsurance division of South African insurance broker Glenrand MIB Limited (GMI …
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OdysseyRe ups Katrina loss to $225m
Odyssey Re now expects losses during the third quarter of 2005 from Hurricane Katrina, net of applicable reinsurance and reinstatement premiums, of approximately $225m before taxes, which represents …
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KAMP Re 2005 cat notes on creditwatch negative
Standard & Poor's has placed its “BB+” senior secured debt rating on KAMP Re 2005 Ltd's $190m floating-rate catastrophe notes on creditwatch with negative implications.
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Hiscox expects $110m cat hit; ups premiums
Hiscox has updated its estimate of losses arising from HurricaneKatrina and undertaken an initial review of the estimate of losses arising from Hurricane Rita.
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OdysseyRe to sell 4.1 million shares
Odyssey Re has agreed to sell 4,100,000 shares of its common stock to Wachovia Capital Markets, representing approximately $102m in total proceeds. Fairfax Financial Holdings, OdysseyRe's 80% shar …
