May 2007/1
-
World’s largest reinsurer Swiss Reinsurance Co reported record earnings of SFr1.3bn in the first quarter 2007, an increase of 54 percent over the prior-year period. Earnings per share rose 38 percent to SFr3.85.
-
Warren Buffett has signalled his intention to undertake a large acquisition, saying that Berkshire Hathaway Inc (Berkshire) has more cash than investment opportunities.
-
French reinsurer SCOR will open its public offer for Converium shares on 29 May in its protracted effort to takeover the Swiss-headquartered company.
-
The trend for insurers to integrate their distribution channels has continued with Travelers purchase of the London-based Galatea Underwriting Agencies Ltd.
-
AM Best has confirmed the A- (Excellent) financial strength rating and issuer credit rating of a- of Glacier Reinsurance AG (Glacier Re) and its wholly-owned subsidiary, Glacier Insurance.
-
Lloyd's sector star Amlin plc saw its share price climb around 8 percent last week following entry on to the Dow Jones STOXX select dividend 30 index.
-
Thank you to all who took part in The Insurance Insider’s 2007 London market survey, in association with ImageRight. The survey collected over 150 responses throughout April and the results will be published in our Business Process Reform supplement to be
-
Back office service provider Xchanging and market information and analysis firm Advisen Ltd are teaming up to launch an ACORD messaging hub for the London Market.
-
The senior management re-shuffle at Marsh Ltd continues after the appointment of Martin South as CEO of the broker’s UK operations.
-
Reinsurance broker John B Collins Associates (UK) Ltd (Collins) has formed a new subsidiary, Collins Capital Advisors LLC (Collins Capital), to tap into the closing relationship between the insurance industry and capital markets.
-
US (re)insurer Liberty Mutual Group will continue searching for takeover targets despite its $2.7bn acquisition of Ohio Casualty Corp, according to its president and CEO, Edmund Kelly.
-
Last week, Standard & Poor's (S&P) issued a ratings upgrade for Arch Capital's operating subsidiaries, citing Enterprise Risk Management (ERM) as a significant factor in the decision (see story 16).
Most Recent
-
Zurich agrees to buy InsurTech Boxx
03 July 2025 -
Daily Digest: Top news from 3 July
03 July 2025 -
Bonneau joins Ki as non-executive chair
03 July 2025 -
Talent tracker review: Active Q2 makes for busy H1
03 July 2025