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Hyperion confirms Windsor takeover talks
UK insurance distribution group Hyperion is conducting due diligence on independent London market broker Windsor Ltd with a view to a possible takeover
11 January 2012
Aon pays $16.3mn to settle bribery allegations
Broker Aon has agreed to pay $16.3mn to US regulators and prosecutors to settle a case over bribes allegedly paid in developing countries
11 January 2012
2011 a mixed year for run-off M&A
Although 2011 will probably not be remembered as a year when the legacy market made hay, it has not passed without significant business being done by market participants
11 January 2012
Legacy acquirers drawn to live M&A
The low valuations of most quoted (re)insurers is tempting run-off acquirers that would then look to sell on the renewal rights before winding-up the business, according to Aon Benfield
11 January 2012
Brit expects UK retail sell-off in Q2
Brit Insurance is confident that it will be able to dispose of its up-for-sale UK retail business at a premium to book towards the beginning of the second quarter, The Insurance Insider can reveal.
11 January 2012
White Mountains completes legacy deal
Bermudian (re)insurer White Mountains has completed a transaction to acquire the legacy portfolio of defunct reinsurer Old Lyme Insurance Company
11 January 2012
Flagstone Lloyd’s sales process comes to life
After a pre-Christmas lull, the auction of Flagstone's Lloyd's business got going in earnest in the New Year, with a sales prospectus released and a deadline issued for indicative expressions of interest, it is understood.
11 January 2012
Hardy management to meet with suitors
Quoted (re)insurer Hardy Underwriting is issuing a prospectus to interested parties this month and will hold management meetings with the leadership of its would-be acquirers in January, The Insurance Insider understands.
11 January 2012
Omega no longer actively seeking sale
Beleaguered Lloyd's (re)insurer Omega is no longer prioritising a sale after the ignominious collapse of its agreed transaction with Haverford's Mark Byrne, The Insurance Insider has learned.
11 January 2012
Equity receives Lloyd’s motor wrist slap
IAG-owned Lloyd's motor insurer Equity Syndicate Management Ltd was censured by Lloyd's and ordered to pay costs of £95,000 over two charges of detrimental conduct, but avoided a hefty fine
11 January 2012
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