May 2011/4

Private equity firm Thomas H Lee Partners (THL) is backing a management buyout of the insurance arm of French-headquartered IT company Sword Group.

Lloyd's takeover target Chaucer is still considering opportunities to detangle itself from its credit crises legacy liabilities that sit in its open year Syndicate 4000, The Insurance Insider can reveal.

Lloyd's run-off specialist RITC Syndicate Management (RSM) has rejected sale approaches and is concentrating on building the business.

Marsh's US operation has filed a lawsuit against rival broker Krauter & Co and two former employees alleging that they have unlawfully been soliciting Marsh clients in violation of a non-compete agreement.

International (re)insurers should be vigilant in ensuring they understand the full extent of their liabilities under Japanese law, London law firm Reynolds Porter Chamberlain LLP (RPC) has warned.

Legislation aimed at reforming the National Flood Insurance Program (NFIP) could provide a source of growth for (re)insurers.

UK insurers will be required to ask more relevant questions when issuing policies to consumers under proposals outlined in a new bill before the UK parliament.

Florida's Governor Rick Scott has given his official imprimatur to a bill that aims to strengthen the private insurance market in the Sunshine State.

The Bermudian reinsurance market has a "visceral contempt" for RMS version 11, according to Deutsche Bank analyst Josh Shanker, fresh from a visit to the island last week.

Barclays Capital analysts say Allstate's $1bn purchase of online insurance business Esurance and Answer Financial from White Mountains appears to be a "rich" price for a business that is making weak profits.

Results for the three largest Japanese insurance groups, published last week, confirm that the trio have weathered the immediate effects of the Great Tohoku earthquake with little fuss.

Travelers Lloyd's chairman steps down; Amlin results forecast; BMS poaches another Glencairner; Liberty Mutual Re goes to Conneticut.