November 2008/2

Volatility in the financial markets has led to significant fluctuations in the valuation of Lloyd’s listed vehicles – and potential suitors in the international property casualty (re)insurance industry.

Former Brit Insurance COO Kathy Lisson is set to be unveiled in a senior position at the European operations of QBE Group, The Insurance Insider understands.

With losses from Hurricane Ike continuing to eat into third quarter results, at least one area of the market looks set to benefit: Offshore energy rates.

As Lloyd’s mulls its final decision on where to open regional operations in the Middle East, the market has delivered a clear verdict that it prefers Dubai as the location for the London market outpost to be located.

A month that has seen the industry’s third quarter results has confirmed many market observers’ worst fears about the impact of Hurricanes Ike and Gustav and has prompted one major modelling agency to hint at a re-evaluation...

IT companies ATOS and IBM are now in a head-to-head battle to win the Lloyd’s messaging hub contract, after Xchanging was ruled out of the process.

Until recently, one would be forgiven for thinking the inmates had taken over the M&A asylum. While specialist Lloyd’s and Bermudian (re)insurers were (and indeed are) routinely trading at heavy discounts to their asset value – despite, in many cases, bei

American International Group (AIG) has thrown financial incentives at key executives in a bid to prevent a talent drain.

Integro Ltd has reduced its employee headcount by almost a quarter as new chief executive Peter Garvey implements a cost-cutting drive at the independent insurance broker, The Insurance Insider can reveal.

With doom-mongers beginning to measure American International Group’s (AIG) future in terms of weeks as the inadequacy of its September government bail-out package became obvious, a revamped $150bn rescue looks to have bought...

It took Aon only four days to agree takeover terms with Benfield Group, but it has taken more than two months to finalise the delicate restructuring of senior London positions for the soon-to-be giant reinsurance broking combine Aon Benfield.

Broker Willis Ltd is seeking investor support for a new industry sidecar, The Insurance Insider can reveal, indicating market sentiment for a hardening property cat market in 2009.