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Aon Benfield’s Bredahl to switch to Third Point Re
Rob Bredahl, CEO of Aon Benfield's investment banking group, is joining John Berger-headed start-up Third Point Re as CFO, The Insurance Insider can reveal.
20 January 2012
Munich Re estimates less than EUR100mn cruise claims
Munich Re expects its claims burden from the Costa Concordia cruise ship sinking to be in the mid-double-digit million euro range, the company announced.
20 January 2012
Barbican approaches Omega with ‘merger of equals’ proposal
Lloyd's insurer Barbican has renewed its overtures to quoted rival Omega after the latter's buy-in deal with Mark Byrne's Haverford collapsed late last year
20 January 2012
Willoughby to become global claims head at Scor
Markel International's claims director Stuart Willoughby has resigned to become Scor's global head of claims, The Insurance Insider can reveal
20 January 2012
Endurance expects Q4 loss on $76.5mn Thai exposure and 2010/11 creep
Endurance Specialty joined a steady trickle of reinsurers revealing Thai loss estimates this week as the company said it will take a charge of $76.5mn in its fourth quarter results from the devastating floods.
20 January 2012
Fairfax to pump $70mn into Thai Re for 25% stake
Fairfax Financial Holdings has stepped in with an agreement to buy a 25 percent stake in loss-struck reinsurer Thai Re for $70mn.
20 January 2012
Aviation market was still flat before crunch renewals
Aerospace and airline premiums for the sector remained almost exactly flat up to end November 2011, though fell on a risk adjusted basis, according to broker JLT.
20 January 2012
AJ Gallagher continues on US acquisition trail
Expansive US and international broker Arthur J Gallagher (AJG) has announced a second acquisition in just over two weeks with a deal to buy Riley & Associates, Inc on undisclosed terms.
20 January 2012
Industry ready for era of innovation, says Martin Sullivan
Changes to legal systems and the way the global economy functions could prompt a new golden era of innovation in the insurance industry, Willis' deputy chairman Martin Sullivan has said
19 January 2012
Cavanagh promoted to Willis Re CEO role
Broker Willis has promoted John Cavanagh to the role of chief executive at reinsurance arm Willis Re, replacing Steve Hearn, who moved up to the role of chairman and CEO of Willis Global last December.
19 January 2012
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