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Omega syndicate rides out KRW to post 2005 profit
Omega Insurance Holdings Ltd Lloyd’s Syndicate 958 has withstood the impact of hurricanes Katrina Wilma and Rita to post a profit for 2005, maintaining its pedigree of a pure underwriting profit in every year it has traded since its launch in 1980.
29 February 2008
Kiln gains support for buy-back proposal
Investors approved of Kiln's decision last week to return £60mn of capital to shareholders - part financed by the sale of its 20 percent interest in US insurer WR Berkley's European operation.
12 November 2007
AXA values SBJ at £158mn
French insurance giant AXA's UK subsidiary has continued its acquisitive march through the UK broking landscape with an accepted offer to buy 100 percent of broker SBJ Group Ltd for £158mn.
10 March 2008
Kiln forecasts improvement
Lloyd's insurer Kiln predicted improvements for three of its four syndicates when it updated its syndicate forecasts today (31 May).
31 May 2006
Acquisitive R&Q seeks buyout targets
Randall & Quilter's appetite for acquisitions shows no sign of waning with the group's founding CEO Ken Randall eyeing "numerous opportunities".
04 August 2008
Aon to back Stone Point PE wholesale aggregator launch
Aon Corp is poised to invest in Sharebridge Holdings, the soon-to-be launched vehicle that aims to funnel the vast insurance spend of companies controlled by the private equity industry, The Insurance Insider can reveal.
09 December 2008
£60mn+ UK takaful start-up given go-ahead
Principle Insurance Company Ltd is to launch as the first dedicated British takaful provider after receiving authorisation from the FSA.
06 May 2008
Spitzer probes Marsh over PSAs
MMC is facing the prospect of a further, unwelcome regulatory probe as the New York Attorney General Elliot Spitzer examines commission payments charged by insurance intermediaries such as Marsh, the world’s largest insurance broker.
19 April 2004
PRI loses sight of white knight
Shareholder backed Brit the only bidder after breaking PRI board’s resolve The board of UK insurer PRI finally succumbed to the weight of Brit pressure on 17 April when it agreed to recommend the insurer’s all share offer to its shareholders. Approval
01 April 2003
Coface says credit crisis is over
Global trade credit insurer Coface has declared an end to the global credit crisis of the last two years, but warned of the high risks that debt, asset and capacity bubbles pose to the recovery.
26 January 2010
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