October 2007/2
-
Every time you put a gallon of petrol in your car, it has typically been bought and sold forty times beforehand.
-
MMC effectively ruled out the immediate elevation of executive Phil Moyles as the next leader of its broking business, Marsh Inc, with a reshuffle of its senior executives last week.
-
The trading of Industry Loss Warranties (ILW) has gained real momentum in the two years since hurricanes Katrina, Rita and Wilma, but critics say its development has been hampered by the high frictional costs...
-
When Benfield Group changed its mind in 2003 and floated on the stock exchange in London, rather than New York, its decision was widely applauded.
-
As the official 2007 Atlantic hurricane season enters its final two months, speculation continues to mount over potential M&A activity, with players in the Bermudian (re)insurance market at its centre.
-
With the majority of Lloyd's insurers set to cut back business for 2008, capacity scarcity was the overriding theme of September's auctions.
-
It was a familiar story from the remainder of Lloyd's insurers publishing interim figures in September.
-
Despite the gloomy spectre of a soft market, Lloyd's 2007 interim results reflected the strong performance of insurers underwriting in the market.
-
As reinsurance brokers and underwriters await the end of a so far sterile hurricane season to start serious negotiations over 1/1 renewals, warning signs of growing momentum behind the softening market continue.
-
The start-up Lloyd's insurer Ark Syndicate Management will add accident & health to its list of classes next year following its swoop for senior class underwriters at St Paul Travelers Syndicate 5000 and American International Group (AIG).
-
Illinois-based sports underwriter Pro Financial Services Inc was sold last month for $73mn - the equivalent of over seven times "base" earnings.
-
The legacy of workers' compensation carve-out reinsurance - epitomised by the Unicover pool which collapsed in 1999 - re-emerged when CNA Financial Corporation agreed to pay John Hancock $250mn...