February 2009/1

February 2009/1
Publication Date: 4 February 2009

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Marsh strikes commission deal with AIG

4 February 2009

Marsh Corp has negotiated an additional 1 percent commission with American International Group (AIG) on domestic US business produced by the MMC broking group, The Insurance Insider can reveal… Read more

Florida writers set for windfall at last

4 February 2009

The winds of change could at last be blowing through Florida in favour of the private reinsurance market, as the size of the hole in the state catastrophe fund finances continues to grow… Read more

High noon for Swiss Re…

4 February 2009

Knives sharpened for reinsurance giant as stock slumps on further write-down fears; management changes expected… Read more

Lloyd's offers $1bn cover after FI captive collapse

4 February 2009

Lloyd's marine and specie underwriters swiftly wrote a $1bn fraud and insolvency bond lineslip in mid-December, covering client investments of US broker-dealers in the depths of the financial crisis, The Insurance Insider has learned… Read more

The haves and the have-nots…

4 February 2009

Generally speaking, raising money from shareholders is about as popular right now as a cup of Darjeeling in Starbucks, so it's a good thing that investors are still willing to look at the insurance sector… Read more

Willis launches global placement unit

4 February 2009

Willis Group Holdings has launched a dedicated unit to co-ordinate global placement strategy in a move it says will both benefit clients and allow it to trade more profitability with insurance carriers… Read more

Madoff may cost new London facility $50mn

4 February 2009

A London-backed insurance product designed to cover financial institutions against financial losses arising from fraud at hedge funds has received a claim notification relating to the Madoff scandal… Read more

Newline to unveil Foley as active underwriter

4 February 2009

OdysseyRe's Lloyd's vehicle Newline Syndicate 1218 will unveil former Liberty Mutual Insurance Europe (LMIE) executive Phil Foley as its new active underwriter, The Insurance Insider can reveal… Read more

Private equity giants back Sharebridge launch

4 February 2009

General Atlantic Partners, Investcorp, Hellman & Friedman and CVC-US are among the score of blue-chip private equity firms which have put their support behind Sharebridge Holdings, the new US intermediary… Read more

Expansionist Ironshore set for capital raise; builds Lloyd's capacity

4 February 2009

Bermudian (re)insurer Ironshore is rarely out of the headlines these days. In particular, the Cayman Islands-domiciled company, founded by industry patriarch Bob Clements and his son John Clements… Read more

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