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Company Example A

Overview
Content
Data

Company type

Insurance-Linked Securities (ILS) and Investment Managers

Miscellaneous

Founded
1896

Major offices

Zurich, CH (headquarters)
Nassau, BS

Officers

Smedley MacGuffin (CEO)

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68598 results
  • Brit Insurance Holdings has opened the door to a higher bid from Apollo Global Management after rejecting an initial cash offer from the private equity firm that it said equates to £10 per share
  • Guy Carpenter has announced that it has named Liz Flynn as Global Chief Operating Officer (COO) as a replacement for Charlie Fry whose departure from MMC's reinsurance broker The Insurance Insider revealed in March.
  • Industry declared losses in relation to the Chile earthquake have now reached $6.5bn after Swiss Re became the latest (re)insurer to up its loss estimate, with a new figure of around $630mn.
  • As the London Stock Exchange opened this morning, Brit Insurance Holdings' share price soared 20 percent to 880p, as investors reacted to the firm's rejection of an unsolicited all-cash bid from private equity group Apollo.
  • Ratings agency Standard & Poor's (S&P) has upgraded the insurer financial strength ratings on Arch Capital Group's insurance and reinsurance operating companies to A+ from A.
  • Aspen Insurance Holdings beat analysts' consensus forecasts by 23 cents a share as it reported Q2 operating earnings of $104.9mn, or $1.23 a share, marginally down on the $103.8mn or $1.14 a share it earned in the prior-year period.
  • AJ Gallagher suffered negative organic growth of 3 percent in the first half of 2010, as the New York-listed broker struggled with the enervating soft market and higher costs.
  • Brit Insurance's share price has leapt by 11 percent this morning after the UK insurer conceded to an increased 1,075p per share indicative offer from Apollo Management and allowed the New York buy-out firm in for formal due diligence.
  • Processing giant Xchanging has relocated its Singapore business to a new centre that will serve as its South East Asia headquarters.
  • The European Commission (EC) and European insurance and reinsurance federation, the CEA, have put their weight behind the alliance of opposition to tax measures proposed by the controversial Neal Bill.