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Ryan Specialty in talks to buy PE specialist broker Sharebridge
Ryan Specialty Group (RSG) is in talks to further expand its platform with the acquisition of US private equity-focused intermediary Sharebridge Holdings, The Insurance Insider can reveal.
31 May 2012
Admiral shares down 7% after OFT threatens motor referral
Admiral shares fell 7 percent in trading on the London Stock Exchange today (31 May) after the Office of Fair Trading (OFT) said it would refer UK motor insurers to the Competition Commission (CC)
31 May 2012
TigerRisk hires Aon Benfield broker in London
US reinsurance broker TigerRisk has hired Aon Benfield producer Nick Anning as a director in its London office.
31 May 2012
OFT to refer UK motor insurers to Competition Commission
The Office of Fair Trading (OFT) has accused UK motor insurers of competing in a "dysfunctional" way that pushes up premiums by £225mn a year and said it expects to refer the market to the Competition Commission for investigation.
31 May 2012
Near North's Segal released from prison early
Former Chicago broking heavyweight Mike Segal has been released from prison four months early after being convicted of fraud in mid-2004
31 May 2012
More insurers likely to join Greek trade credit shutdown
Other trade credit underwriters are likely to follow the lead set by market giants Euler Hermes and Coface in pulling cover for exporters to Greece
31 May 2012
Willis Global unveils major restructuring
Willis Group Chairman and CEO Joe Plumeri and Willis Global chairman and CEO Steve Hearn have begun a series of 'town hall' meetings with the firm's London-based staff as they unveil a major restructuring of the broker's global operations.
31 May 2012
Swiss Re recognises $900mn loss on US legacy divestiture
Swiss Re has agreed to sell the US holding company of its life and health legacy segment to the Prudential's US business, Jackson National Life Insurance, for a pre-close dividend of $279mn and a $621mn cash consideration
31 May 2012
Contested LMA election results in
Andrew Brooks of Ascot, Charles Franks of Kiln, Andrew Kendrick of Ace and Michael Watson of Canopius have been elected to the board of the Lloyd's Market Association (LMA)
30 May 2012
BP Marsh portfolio passes £50mn mark
UK-listed financial services investor BP Marsh declared a £300,000 dividend of 1p per share as its net asset base passed £50mn for the first time.
30 May 2012
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