December 2006/3

Randall & Quilter Group Investment Holdings Ltd (R&Q), the UK-based acquirer of run-off businesses, confirmed on 6 December that Ancon Insurance had become its fifth acquisition of 2006.

MBO execs leave as company refocuses on investment opportunities

Our monthly column keeping check on US and EU legal and regulatory developments

Lloyd’s Corporation CEO Richard Ward has re-iterated his commitment to business process reform in the three-hundred-year-old Society by both word and deed recently.

Aon Ltd has slashed the number of placements where it continues to collect fees on behalf of London market insurers.

The European Commission will publish its eagerly awaited interim report into brokers' remuneration practices in January 2007.

Insurance Australia Group’s determination to buy UK motor insurer Equity led to the firm paying around 10 percent more than it had initially bid, The Insurance Insider can reveal.

Perhaps demonstrating the capital market's restraint over supporting new reinsurance ventures, a trio of start-ups in the sector that were mooted to list on the London Stock Exchange's Alternative Investment Market (AIM) have been withdrawn. 

US insurer The Hartford's renewal of its Foundation cat bond, and rival Allstate’s planned 2007 cat bond – together with the landmark mortality securitisation by French giant AXA last month – are further evidence of strong and sustained demand in what has

Thunderbird Re, the pioneering transaction set up by Lloyd's to ease managing agents' access to the capital markets, has yet to take flight with no deals on the table in advance of the 1 January renewal date.

The International Underwriting Association (IUA) has welcomed progress on the issue of US collateral requirements for so-called “alien reinsurers” that has seen the National Association of Insurance Commissioners (NAIC) vote to re-evaluate its measurement

A softening market and investor pressure could kick start long awaited M&A activity