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Munich Re moves on $20bn offshore energy consortium amid profit upgrade
Munich Re has confirmed it will push ahead with ambitious plans to form a $20bn liability limit offshore energy consortium with global brokers, as it unveiled a 2010 profit forecast upgrade following a strong third-quarter performance.
15 November 2010
Hardy rejects improved 330p Beazley offer without talks
Hardy Underwriting has rejected a second 330p per share offer from Beazley that values the company at £170mn, and has refused to consent to takeover talks.
15 November 2010
Admiral sinks 30% as claims inflation wave finally strikes
As UK motor insurer Admiral licks its wounds after a share price collapse followed a shock profits warning last week, there have been warnings that the industry has yet to fully solve the problems caused by fraudulent claims and bodily injury claims inflation.
14 November 2011
Everest reports modest fall in Q2 profits
Everest Re held the fall in its second quarter profits to just 16 percent as it benefited from relatively low US storm losses and broadly robust reserves for first-quarter cats.
28 July 2011
International News Digest - July 2005
In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
21 July 2005
KPMG hit by Independent Insurance fine
The auditors of failed UK insurer Independent Insurance have been fined £500,000 and ordered to pay costs of £1.15mn by the UK accountancy watchdog after a tribunal found the firm's conduct "seriously below the appropriate standard".
30 June 2008
Lloyd’s Council elections sparks contest for Names’ votes
The upcoming elections for Lloyd's governing body, the Council of Lloyd's, has provoked a bitter contest between candidates seeking to represent the interests of Lloyd's Names.
05 January 2010
Ryan makes first acquisition
R-T Specialty, the wholesale arm of Pat Ryan's broking start-up, has made its first acquisition, picking up California-based wholesaler Chartwell Independent Insurance Brokers.
19 July 2010
Broking briefs
Contingents reignite; Aon in $4.9bn swoop; Willis London reshuffle
04 August 2010
Benmosche asserts authority with AIA Tucker move
The musical chairs are continuing at American International Group (AIG), with the US insurer reportedly set to parachute in former Prudential plc CEO Mark Tucker as head of its Asian unit, AIA.
19 July 2010
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