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R&Q reaffirms insurer takeover deals in the pipeline
Randall & Quilter (R&Q) has confirmed that it is involved in two company market transactions that could see it acquire at least two insurers.
02 September 2013
German insurer hands on EUR420mn hail loss to reinsurers
Stuttgart-based insurer SV Sparkassen Versicherung will hand on a loss of at least EUR420mn ($556mn) to its treaty reinsurers after the severe hailstorms in late July, it is understood.
02 September 2013
Britannia P&I on watch as Maersk blaze continues
The marine cargo and protection and indemnity (P&I) markets appear to be facing a significant claim as yet another major fire continues on a sizeable containership at sea.
02 September 2013
Whyte and Samengo-Turner linked with Egan tie-up
Ron Whyte and Julian Samengo-Turner have been linked with Roger Egan's expansive US broker Risk Strategies Company (RSC) as they consider options for building a distribution network focused on emerging markets.
02 September 2013
Margrett working on UK broker consolidation vehicle
Former Willis International CEO David Margrett has teamed up with Peter Cullum, the man behind Towergate, with a view to creating a vehicle to consolidate the UK broking sector, The Insurance Insider understands.
02 September 2013
Allied World Europe to hire Alterra aviation team
Allied World Europe is set to hire Markel's aviation team, headed by well-regarded aviation specialist Olivier Marre, The Insurance Insider can reveal.
02 September 2013
Lloyd’s Singapore outpost returns to profit
Lloyd's Singapore hub swung to an underwriting profit in the year ending April 2013 from a steep loss the previous year, in a sign it has largely recovered from the 2011 Thai floods.
02 September 2013
Government cat schemes next growth area, says Christian
Aon Benfield co-CEO Dominic Christian believes that growth opportunities within the catastrophe excess of loss market could lie in capturing a greater share of the business currently served by government-backed insurance schemes.
02 September 2013
News digest
News in brief
02 September 2013
$750mn BP-Transocean ‘comma’ dispute to be reheard
Last week, a Fifth Circuit Court of Appeals reversed its controversial March decision that BP is entitled to a portion of rig owner Transocean's $750mn insurance coverage.
02 September 2013
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