restructuring News

RSA Makes Changes to Operational Structure, Executive Team

UK-based RSA has announced announces a number of changes to the Group’s operating structure and Executive Team. As of January first the group will be reorganized into four regions: UK & Western Europe; Scandinavia; Canada; and Emerging Markets. A number …

Flagstone Re to Restructure Business; Sell Lloyd’s Operation

Flagstone Reinsurance Holdings has announced a number of strategic initiatives, which it said are “designed to realign the Company’s strategy and core capabilities.” Flagstone said it “intends to refocus its underwriting strategy to leverage its existing strengths, and streamline its …

Best Sees No Rating Changes from of Flagstone Reassurance Restructuring

A.M. Best Co. has commented that the financial strength rating of ‘A-‘ (Excellent) and the issuer credit ratings (ICR) of “a-” of Flagstone Reassurance Suisse S.A., Cayman Islands-based , Island Heritage Insurance Company Ltd. And Cyprus-based Flagstone Alliance Insurance and …

Accounting Issues Could Stall France’s Greek Debt Plan

Accounting issues remain a formidable obstacle facing private sector investors currently considering the French banking sector’s plan for restructuring Greek government debt. The plan’s focus was initially on how to avoid triggering credit default swaps written on Greece, and preventing …

Cooper Gay Restructures Business into Three Core Trading Units

London-based broker Cooper Gay announced that it has restructured its UK business, Cooper Gay & Co Ltd, into three core trading units to form a stronger and more streamlined platform for growth. The UK business is part of Cooper Gay/Swett …

Cooper Gay Restructures Latin American Operations into Regions

London-based broker Cooper Gay announced that it has “restructured its operations in Latin American into four sub regions in order to drive growth and efficiencies in this key market. “The new sub regions are: Central America (Mexico, Central America and …