December 2007/2
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Reinsurers have been ordered to settle a $57mn disputed all risks reinsurance claim with global mining giant Anglo American's captive insurance company Coromin.
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The world's largest interbroker-dealer ICAP plc and insurance broker JLT Group plc have launched their joint venture to establish an insurance based derivatives and securities broking platform, subject to FSA approval.
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The founder and chairman of struggling Primary General, Jonathan Davey, has left the company, which looks set to restructure further.
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UK broking consolidator, Towergate Partnership agreed a £95mn cash offer for Yorkshire-based Broker Network Group last month, valuing the firm at almost four times revenues.
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Takeover speculation has again gripped reinsurance broker Benfield Group with Aon Corp the latest to be linked with the firm.
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American International Group (AIG) executives including CEO Martin Sullivan and CFO Steven Bensinger have been named in a suit filed by shareholders over the firm’s handling of its exposure to the sub-prime crisis.
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Swiss Re's shares lost 20 percent of their value in just four weeks following the firm’s shock SFr1.2bn ($1.1bn) mark-to-market loss from credit default swap exposures.
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The Bermudian insurance group Ironshore Inc has confirmed it has made an approach for the Lloyd’s insurer Heritage Underwriting Agency, as revealed by The Insurance Insider today.
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Philip Grant, chairman of The Association of Run-Off Companies (ARC), is behind a new run-off service provider in London.
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Gallagher 'not thrilled' with reinsurance results; Newly formed AIG UK appoints board heavyweights; Hardy outlines Bermuda redomiciliation plan; Levene says tax break still on...
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Members of a personal accident (PA) team dismissed by Imagine Group's Danish Re after handing in their notice are suing the reinsurer for unfair dismissal.
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Ironshore Inc's approach for Lloyd's insurer Heritage Underwriting Agency will renew the interest of other Bermudian firms looking to buy their way into Lime Street, according to Numis Securities analyst Nick Johnson.