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Time does little to relieve Sandy uncertainty
Almost a month after Superstorm Sandy's landfall in New Jersey there is still huge uncertainty around the scale of (re)insured losses.
26 November 2012
PE firms buy Alliant and USI Holdings
Kohlberg Kravis Roberts & Co (KKR) and Onex Corporation have acquired Alliant and USI Holdings respectively in the two most significant broker M&A transactions this year
26 November 2012
Capita censured over Arch Cru collapse
UK outsourcing giant Capita plc has been censured by UK regulator the Financial Services Authority (FSA) over the collapse of the Arch Cru funds
26 November 2012
Up-for-sale Tawa to slash headcount
Up-for-sale (re)insurance services provider and run-off buyer Tawa plc is seeking cost savings that will likely lead to mass redundancies at its services companies
26 November 2012
Xchanging appoints new global insurance head
UK outsourcing firm Xchanging is poised to announce the hire of a senior Hewlett Packard executive to head its growing insurance practice
26 November 2012
R&Q acquires Finnish run-off reinsurer Alma
London-listed run-off-to-live services company Randall & Quilter Investment Holdings (R&Q) has continued its piecemeal acquisition strategy with the purchase of the legacy Finnish reinsurer, Alma Insurance Company Ltd.
26 November 2012
Swiss Re unveils $900mn Sandy estimate
Global reinsurer Swiss Re has revealed a net estimated $900mn pre-tax net loss from Hurricane Sandy, based on an industry loss of $20bn-$25bn
26 November 2012
Catlin: Sandy final likely cost less than feared
Lloyd's and international (re)insurer Catlin believes that insured losses from Hurricane Sandy are likely to fall short of the $25bn-$30bn top end of current estimates.
23 November 2012
AIG enters new China partnership with PICC
American International Group (AIG) plans to launch a new joint venture with the soon to be floated People's Insurance Company of China (PICC) after subscribing for about $500mn of PICC Group shares.
23 November 2012
Race for Equity Red Star hots up
The race for UK motor insurer Equity Redstar appears to be hotting up after a report in UK national daily The Independent suggested that Eddie Truell's Disruptive Capital had gained preferred bidder status.
22 November 2012
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