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June 2008/4
  • Qatar woos (re)insurers with electronic trading platform
    Qatar has staked its claim to be the leading centre for insurance in the Middle East with a move to launch an electronic trading platform later this year to service the sector.
    23 June 2008
  • Citigroup woes point to credit crunch 2.0: comment
    Those recent glimmers of hope for the downtrodden financial markets appeared to be snuffed out last week in what was another torrid time for the banking sector.
    23 June 2008
  • Marsh aviation team re-routed to GC
    Marsh's 29-strong aviation reinsurance team is transferring to Marsh & McLennan Companies' (MMC) stablemate Guy Carpenter in a move that the firm says will benefit clients.
    23 June 2008
  • ZFS and Allstate lead RBS race
    Zurich Financial Services (ZFS) - the enduring frontrunner in the race to buy Royal Bank of Scotland's up-for-sale insurance businesses - overcame a significant hurdle last week when reports confirmed that the firm had its financing in place.
    23 June 2008
  • XL chief set to head $720mn energy start-up
    Former CEO of XL insurance Clive Tobin is set to front energy start up Torus Insurance Holdings Ltd (Bermuda), which has been formally launched today (Monday), The Insurance Insider has learnt.
    23 June 2008
  • New AIG chief draws Greenberg closer
    The remarkable thawing of relations between American International Group (AIG) and Maurice "Hank" Greenberg appears underway after a "positive" meeting between the veteran and Robert Willumstad, the latest man in the hot seat at the troubled insurance gia
    23 June 2008
  • Legacy M&A continues with $90mn GoshawK swoop
    The purchase of failed UK listed (re)insurer GoshawK for £45.7mn ($90.3mn) by acquisitive Bermudian run-off specialist Enstar Group Ltd is the third significant acquisition by the firm this year.
    23 June 2008
  • £200mn Marsh outsourcing contract nears sign-off
    Marsh UK executives are to meet later this week to approve the delayed £200mn outsourcing deal with Capita, The Insurance Insider understands.
    23 June 2008
  • Half a million UK homes could be 'uninsurable', says ABI
    As many as 500,000 homes in the UK could become uninsurable unless the Government takes action to protect them, according to the Association of British Insurers (ABI).
    23 June 2008
  • Chubb appoints new COO
    The Chubb Corporation has appointed John Dengan as vice chairman and chief operating officer among several senior promotions at the US firm.
    23 June 2008
  • Marsh UK announces new CFO
    Angus Cameron is to join Marsh as CFO of its UK operations, parent company MMC confirmed last week.
    23 June 2008
  • Willis recruits Allianz executive for Brazil unit
    Willis Group Holding's international division has recruited former Allianz executive Margo Black to head up its reinsurance operation in the newly deregulated Brazilian market.
    23 June 2008
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