July 2007/3

Capita CMGL is to complete the reinsurance-to-close (RITC) transfer of the run-off Duncanson & Holt Syndicate 55 with capital supplied by CarVal Investors LLC, a fund backed by the agribusiness giant Cargill.

Ascot and ACE target renewable energy market; UK flood losses over £1.5bn; Jardine elected as LMA chairman; Amlin extends distribution with Allied Cedar acquisition...

Independent Insurance's non-core reinsurers were kept in the dark over the true extent of the company's losses, a UK court was told.

Former American International Group (AIG) supremo Maurice "Hank" Greenberg countersued his former employer for the second time in as many weeks...

It was only recently that a US judge was bemoaning the lack of case law on reinsurance broking commissions and then along comes Benfield Group suing rival Aon Re for $2.4m in damages...

UK-listed broker Jardine Lloyd Thompson Group plc is suing three of its former energy brokers...

"Class of 2005" insurer Lancashire Holdings Ltd bought an option last month to issue up to $49mn of equity any time throughout this year’s hurricane season.

The alleged poaching dispute between Gen Re and Arch took a new turn last month when the temporary restraining order granted against Arch Capital and four former Gen Re executives in May was lifted and replaced...

UK niche-branded insurer, Admiral Group plc today reported that it has ended discussions with potential private equity investors regarding its price aggregator subsidiary, Confused.Com.

Lloyd's specialist broker Thompson Heath & Bond (THB) Group has recruited a new wholesale broking team from Heath Lambert Group.

Newman Martin and Buchan Ltd (NMB) has become the latest broker to launch a capital markets division, joining its larger competitors such as Benfield Advisory and Guy Carpenter’s investment banking specialty practice...

Aon Corp's brokerage revenues have outstripped those of its largest rival, Marsh & McLennan, which nevertheless remains at the top of the list of the world’s largest insurance brokers worldwide, thanks to its non-broking units.