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New York arbitrageur denies Chaucer interest
New York-based private bank and alternative investment manager Gruss & Co has denied suggestions that it is interested in being involved in a bid for the up-for-sale Lloyd's insurer Chaucer.
30 March 2009
Resolution rejects Pearl’s takeover approach; bidding hots up
UK life funds consolidator Resolution plc, which announced in July that it had agreed a merger with UK life insurer Friends Provident to create a £9bn insurance group Friends Financial, has rejected a takeover bid from UK rival...
15 October 2007
Aon Benfield to face spring defection challenge
Aon Benfield's London executives receive bonuses in March and April. If any are to be lured by competitors following the £935mn takeover, it may be now...
10 March 2009
Commutations reduce Equitas’ reinsurance income
A number of significant commutations and buy-back settlements have reduced Equitas’ reinsurance income, the run-off reinsurer revealed last week when publishing its six months summary financial income.
08 December 2003
OIL on negative outlook after departures
Troubled energy mutual Oil Insurance Ltd has had its A- rating placed on CreditWatch with negative implications by rating agency Standard & Poor's (S&P).
30 April 2007
North Sea Gryphon loss mounts to $800mn
The offshore energy market is now facing a possible $800mn loss as a result of damage sustained to Maersk Oil's Gryphon floating production storage and offloading (FPSO) vessel in the North Sea in early February, according to sister title Inside FAC.
21 March 2011
People Moves
Endurance announces promotions; THB swipes Guy Carpenter exec for Zurich office; Clyde & Co expands into life market with new team; SBJ picks up two from Aon Benfield...
22 June 2009
Byrne flags up inflation concerns; piles into TIPS
After 2008's bleak investment conditions, Flagstone Re has piled out of equity investments and now has 34.5 percent of its portfolio invested in US Treasury Inflation-Protected Securities, or TIPs...
22 June 2009
AJ Gallagher's organic growth declines
AJ Gallagher's organic growth dipped over the first nine months of 2010, with the broker reporting a 1.9 percent decline in organic commissions and fees, supplemental commissions and contingent commissions.
01 November 2010
Lloyd's should get tougher on LMP implementation, says Prettejohn
Earlier in the day, Lloyd's CEO Nick Prettejohn had warned the audience of the market's need to change its behaviour in 2004 if it wished to avoid excessive swings in the cycle. He said 2004 was "a year of choice", in which insurers were "skirmishing w
01 May 2004
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