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July 2009/2
  • Willis in $139mn spiral settlement, CNA case remains
    Willis will pay $139mn to settle part of a longstanding dispute arising from its involvement in the infamous London market personal accident (PA) reinsurance spiral of the late 1990s.
    13 July 2009
  • Benfield MBO team reunite over the road
    The regenerative nature of the reinsurance broking sector has once again been demonstrated, with former Benfield Group directors John Coldman and Michael Rees preparing to reunite with ex-colleagues...
    13 July 2009
  • Willis still committed to Gras Savoye
    After revealing it was discussing selling a portion of its interest in French insurance broker Gras Savoye & Cie, global broker Willis has publicly reiterated its commitment to the leading Gallic intermediary.
    13 July 2009
  • JLT recruits corporate advisory duo
    Broking group Jardine Lloyd Thompson (JLT) has recruited the London-based Aon Benfield duo Alastair Rodger and Kevin Timmons to build a corporate finance arm.
    13 July 2009
  • Validus to finally tie the knot with IPC
    The saga of Validus' initially hostile takeover of IPC had more twists than a soap opera...
    13 July 2009
  • Lloyd's looks for new turnkeys after RenRe move
    Lloyd's is keen to encourage more so-called turnkey operators to enter the market following RenaissanceRe's acquisition of the specialist provider Spectrum Syndicate Management last month.
    13 July 2009
  • Hard market takes off for airline insurers
    July's airline insurance renewal figures have so far painted a picture of double-digit price increases, adding to the momentum behind hardening in the sector.
    13 July 2009
  • PartnerRe allows private equity exit
    PartnerRe's takeover of Paris Re will see it first exchange 0.30 of its common shares for each of its target's outstanding shares in a stock swap.
    13 July 2009
  • Paris match sees Partner join top 5 as M&A fever grows
    With PartnerRe's move for its smaller up-for-sale rival Paris Re set to create the world’s fifth-largest reinsurer, attention has once again focused on consolidation in the sector.
    13 July 2009
  • LMX market awaits crucial Equitas Brandywine decision
    On 2 July, the counsel for Berkshire Hathaway’s run-off vehicle Equitas, Alistair Schaff QC, told a packed UK courtroom at the end of the pivotal LMX spiral-related trial...
    13 July 2009
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