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London News Digest
Ex-Converium boss advised MDU on SCOR deal; FSA appoints Sally Dewar in wholesale role; Marsh in £200mn UK back-office outsourcing deal; Glacier Re to form London platform...
14 January 2008
Transatlantic execs pocket close to $30mn post-Alleghany
Transatlantic Re's executives are in line to receive $29.4mn of windfall payments connected with the company's sale to Alleghany, regulatory filings suggest.
19 March 2012
Ergo sum Munich Re: insurer poised for 2010 ‘squeeze out’
Munich Re is positioned to squeeze out Ergo's remaining minority shareholders after increasing its hold of the German subsidiary of UniCredit to more than 95 percent.
03 December 2009
US workers’ comp offers glimmer of hope
As generally dire underwriting conditions continue to persist in the US property casualty sector, there are at least signs of encouragement in workers' compensation insurance.
21 December 2010
Aon: Aviation rates may harden
The aviation market in the second quarter of 2004 is showing signs of slight hardening, according the latest research from brokers Aon.
19 July 2004
Starr announces AWAC tie-up
US insurer CV Starr & Co has announced a tie-up with Allied World Assurance Company (AWAC) enabling it to offer management liability lines on behalf of the Bermudian firm.
18 February 2008
New Zealand reinsurance costs to rise
Losses absorbed by reinsurers are likely to put upwards pressure on rates at renewal for the region.
10 September 2010
Cautious Flagstone Re paves 2009 profit
Flagstone Re turned around 2008 losses to post a net profit of $242mn last year, as it enjoyed strong underwriting and investment returns.
24 February 2010
D&O insurers in forlorn Stanford fee pursuit
The London market directors' and officers' (D&O) insurers of fraud-hit Stanford Financial Group (SFG) are making a counterclaim for defence fees of around $15mn, The Insurance Insider can reveal.
18 October 2010
MBIA sues insurers for D&O settlement costs
Monoline bond insurer MBIA Inc is suing two insurers over a $75mn settlement it made with US regulators last year.
12 May 2008
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