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Peter Hastie

Published by this author:

  • Lime Street wags had recently speculated about what would see the light of day first: the Chilcot Inquiry into the 2003 invasion of Iraq (commissioned in 2009), or the winner of the tender to provide electronic placement services to the London market.
  • September 2014 marked the completion of Tom Bolt's fifth year as guardian of Lloyd's underwriting standards and coincided with whispered speculation that the former Berkshire Hathaway executive would be the next senior figure to leave the Corporation.
  • The future of UK intermediary Towergate remains unclear despite the successful restructure of its £1bn debt pile, with no long-term strategic direction confirmed
  • Apollo Global Management, the multi-strategy investment heavyweight, is close to acquiring Chaucer's $300mn UK motor book and has hired the former Giles CEO Brendan McManus to lead the venture, The Insurance Insider can reveal.
  • Despite raising the "for sale" sign almost two months ago, no buyers have appeared that are willing to take on Towergate's £1bn debt mountain
  • While much attention has been focused on documenting the continued - and entirely expected - decline in cat reinsurance rates at 1 January, perhaps the more troubling trend for reinsurers and their capital providers is the extent to which the malaise has extended into other classes.