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Hartford sale unlikely despite 14% bid spec surge

A full sale of The Hartford looks like a long shot despite a 14 percent surge in the company's share price following Ace's shock acquisition of Chubb, according to banking sources.

Adam McNestrie, 20 July 2015
IUA backs LMG levy

The International Underwriting Association (IUA) is set to back a proposed slip levy that would fund a £250mn London market modernisation initiative.

Dan Ascher, 20 July 2015
Exor hits back with higher PartnerRe offer

The race to acquire PartnerRe intensified this week after Exor and Axis both increased their bids for the Bermudian.

Charlie Thomas, 20 July 2015
Aviation broker Haynes leaves Aon Benfield

Well-known aviation reinsurance broker Tim Haynes has parted company with Aon Benfield, The Insurance Insider has learned.

Adam McNestrie, 20 July 2015
Arch latest to withdraw from aviation war

Bermudian carrier Arch has put its aviation war book into run-off after the market capitulated on rate rises following a year in which it ran a loss ratio in excess of 1,000 percent, The Insurance Insider can reveal.

Adam McNestrie, 20 July 2015
Allianz leads $105mn aviation loss

Allianz Global Corporate & Specialty (AGCS) has the lead line on the manufacturer's product liability policy that will be impacted by the loss of an Airbus A400M in May, The Insurance Insider can reveal.

Adam McNestrie, 20 July 2015
HDI-Gerling to exit airline all-risk

Talanx subsidiary HDI-Gerling has become the first major carrier to withdraw from airline all-risk insurance owing to concerns about rate adequacy, The Insurance Insider can reveal.

Adam McNestrie, 20 July 2015
Marsh takes property exec Richardson from Willis

Marsh has hired Paul Richardson, head of property in the Northeast for rival broker Willis, The Insurance Insider can reveal.

Mark Geoghegan, 20 July 2015
MMC launches cross-discipline P&I unit

Marsh & McLennan Companies has launched a new protection and indemnity (P&I) client service unit offering a range of reinsurance and advisory services designed specifically for P&I associations and insurers.

Mark Geoghegan, 20 July 2015
Howden swoops for Cooper Gay Suramérica

Cooper Gay's Colombia-headquartered joint venture Cooper Gay Suramérica and its subsidiaries are to be sold to international broker Howden.

Mark Geoghegan, 20 July 2015

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