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July 2013/5
  • News digest
    UK motor falls; Jubilee appoints CUO; Allianz affirmed; $5.3bn Euro floods; Tokio Marine affirmed; RenRe expands
    29 July 2013
  • Reeves and Harrington step back from Barbican day-to-day
    Barbican CEO David Reeves and active underwriter of Syndicate 1955 Mark Harrington are set to delegate aspects of their day-to-day roles to other members of staff as part of a restructure, The Insurance Insider can reveal.
    29 July 2013
  • AJ Gallagher agrees to pay £200mn+ for Giles
    On the eve of its half-year results, AJ Gallagher is in exclusive talks to acquire the UK broker Giles for more than $300mn after trumping rival bidder Towergate. If successful, it will be the largest acquisition in the US broker's 80+ year history
    29 July 2013
  • No fattened calf
    It is a universal truth in all professions that as long as money is being made, very little about the business model is questioned. But with red ink sprayed through the recent results of marine reinsurers, the P&I clubs are under pressure...
    29 July 2013
  • Nervous investors sell P&C (re)insurers on US rate fears
    The financial markets have been in a largely unforgiving mood as the second quarter earnings season hits full stride, with investors responding to signs of waning rate momentum in US primary non-life markets with characteristic jumpiness.
    29 July 2013
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