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Airline rates finally begin to take off
The hard-pressed airline market showed signs of recovery at the 1 April renewals with rates rising by as much as 10 percent on some major airline accounts, according to underwriting sources.
28 April 2008
Berkshire Hathaway profits hit by underwriting downturn
Berkshire Hathaway revealed first quarter net profits dropped by around 64 percent to $940mn from $2.6bn in the prior-year period.
12 May 2008
Giles gets £500mn acquisition fund
The UK broking sector is set for further M&A activity after consolidator Giles Insurance Brokers Ltd was handed a £500mn acquisition fund following private equity fund Charterhouse Capital Partners' buyout of the firm.
10 March 2008
Does Internet Spell Disintermediation?
The website of Aon, the world’s second largest broker, is quite something. Not once is there any mention of either broker or broking. Aon, like its great rival Marsh, has seen the future and broking is a dirty word.
01 March 2000
GoshawK's future still on knife-edge - But management deny buy-out rumours...
October was another eventful month for beleaguered Lloyd's insurer GoshawK, yet its future looks no less certain. Chief executive Chris Fagan denied suggestions that the management were considering a buy-out - telling The Insider “there is no truth in
01 October 2003
GIC to create nat cat pool
GIC Re, the reinsurance arm of the Indian state-owned General Insurance Corporation (GIC), is setting up a natural catastrophe pool for local African and Asian (re)insurance companies.
20 November 2009
Munich Re cuts back year-end target but posts strong 3Qs
Despite cutting back its full year profit target, the world’s largest reinsurer Munich Re saw its share price rise on the back of strong third quarter earnings.
08 November 2004
Gallagher UK poised to buy Oxygen's agency operations
Gallagher UK is poised to buy the agency operations of London-headquartered Oxygen Holdings plc, The Insurance Insider can reveal.
02 September 2008
Buyers and brokers clash over FSA disclosure decision
A Financial Services Authority (FSA) decision not to mandate broker commission disclosure in the UK wholesale market has been met by a polarised reaction from trade associations representing UK brokers and large buyers of insurance.
16 December 2008
Gallagher UK buys Oxygen's underwriting arm
US broker Arthur J. Gallagher has announced the acquisition of London-based underwriting agency Oxygen Insurance Managers Ltd, from its broker parent Oxygen Holdings Plc, as previously revealed by The Insurance Insider.
22 September 2008
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