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Praetorian Group launched with `running start'.(Praetorian Financial Group Inc)(Brief article)
From:
Business Insurance
| Date:
April 1, 2006
| COPYRIGHT 2006 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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NEW YORK-A new specialty insurance unit formed by Germany's Hannover Re Group will focus on high-margin risks in the United States.
New York-based Praetorian Financial Group Inc. was formed last month to write selected business previously managed by Clarendon Insurance Group.
"If you think about it, it's a little bit like a start-up with a running start,'' said Rod Fox, Praetorian's chief executive officer. Praetorian will be starting with $500 million in cap...
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Hannover Re sets venture for capacity.
National Underwriter Life & Health-Financial Services Edition
; In order to fund new business opportunities in Europe, Hannover Re has embarked on a joint venture with an Irish insurer and a Dutch bank, that will provide it with extra capital worth 100 million deutsche marks. Under the arrangement, Hannover Re will shift business to the Dublin-based Interpolis
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CBB licenses Hannover Re Takaful.
Middle East and North Africa Business Report
; ... Bahrain. Copyright (c) 2006, Middle East and North Africa Business Report, Amman, Jordan Distributed by McClatchy-Tribune Business News. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write ...
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Hannover Re Group securitizes cat risks.(Catastrophic risks)(Brief Article)
Business Insurance
; HANNOVER, Germany-German reinsurer Hannover Re Group has completed a portfolio-linked transaction for the securitization of catastrophe risks. The transaction, announced last week, provides the Hannover, Germany-based reinsurer with $230 million in protection against hurricanes and earthquakes in
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Hannover securitizes its retro risk.(International News)(Hannover Re )(Brief article)
Business Insurance
; Byline: JUDY GREENWALD HANNOVER, Germany-Hannover Re Group is securitizing e1 billion ($1.31 billion) of its reinsurance recoverable risks in an attempt to reduce its default risk. The transaction represents the first time a so-called fully secured, synthetic collateralized debt obligation
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Hannover Re to purchase Skandia's reinsurance portfolio. (Hannover Reinsurance Co; Skandia International Insurance Co)
Business Insurance
; HANNOVER, Germany - Hannover Reinsurance Co. plans to expand its specialty reinsurance business with the acquisition of a large part of Skandia International Insurance Co.'s reinsurance business. Hannover Re, will pay 1.06 billion Swedish kronor ($139.1 million) to acquire Skandia International's
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Hannover Re Cloning Capital Market Efforts.
National Underwriter Life & Health-Financial Services Edition
; Hannover Re is continuing to develop innovative retrocessional arrangements with the capital markets to help the company fund new life business opportunities. We are looking toward developing a transaction, which would cover old business from mature insurance markets all over the world, according
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Hannover Re acquires 3 Skandia portfolios.(Hannover Re Group to purchase Skandia International Insurance Co.'s portfolio of life and health reinsurance, facultative reinsurance and aviation/space insurance)
National Underwriter Life & Health-Financial Services Edition
; The Hannover Re Group, the fifth largest reinsurer in the world, has acquired three of Skandia International Ins. Co.'s portfolios for a total of 1.1 billion Swedish kronor ($144 million). The Hannover Re Group will take over Skandia's entire portfolio of life and health reinsurance, facultative
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CBB LICENSES HANNOVER RE TAKAFUL
Al Bawaba
; The Central Bank of Bahrain (CBB), previously the Bahrain Monetary Agency (BMA), has granted a licence to global reinsurance giant, Hannover Re, to establish an Islamic reinsurance (retakaful) company in Bahrain. The new firm, Hannover Re Takaful, will be the principal underwriter of Hannover Re's
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Hannover Re acquires three Skandia portfolios.
National Underwriter Property & Casualty-Risk & Benefits Management
; The Hannover Re Group, the fifth-largest reinsurer in the world, has acquired three of Skandia International Ins. Co.'s portfolios for a total of 1.1 billion Swedish kronor ($144 million). The Hannover Re Group will take over Skandia's entire portfolio of life and health reinsurance, facultative
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Loss at Hannover Re smaller than predictedMOVERSMARKETPLACE by Bloomberg
International Herald Tribune
; International Herald Tribune 03-24-2006 Hannover Re posted a fourth-quarter loss that was narrower than analysts estimated on Thursday, and said it expected profit and dividend payouts to resume this year. Hannover Re's fourth-quarter loss was 12.6 million, or $15.2 million, compared with net
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