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Transatlantic signposts go-it-alone path
With the number of options to execute a merger deal rapidly dwindling, Transatlantic has given strong signals that it could go it alone - at least until the current M&A environment has improved.
19 September 2011
UBS $300mn D&O policy faces rogue trader losses
Despite seeing nearly $5bn wiped off its market value late last week, UBS will receive scant compensation from its insurers for the activities of its alleged London rogue trader Kweku Adoboli.
19 September 2011
Berkshire set to exit Transatlantic race with $52 a share ultimatum
Berkshire Hathaway has issued a ‘take it or leave it' ultimatum with a deadline of close of business today (19 September) on its $52 a share cash offer for Transatlantic Re.
19 September 2011
Liberty Syndicates appoints new chairman
Liberty Syndicates - Liberty Mutual's Lloyd's operation - has announced the appointment of Keith Nicholson as non-executive chairman to replace the retiring Brian Fitzgerald
19 September 2011
Tawa consortium strikes deal to acquire Whittington
UK-listed insurance services group Tawa has reached an agreement to purchase Lloyd's turnkey provider Whittington UK along with its consortium partners Paraline and Skuld.
19 September 2011
Transatlantic share price resilient on merger break off
Transatlantic Re's share price has opened down 2.5 percent in early trading after it revealed that it had reached a decision with Allied World to terminate the firms' merger agreement.
16 September 2011
Ince & Co Hamburg looks to expand
On the eve of its 10th anniversary Ince & Co's Hamburg office has revealed its determination to capitalise on growing opportunities in the energy and offshore sector
16 September 2011
AIR cuts estimate of Irene’s Bahama losses
Catastrophe modelling firm AIR Worldwide has cut its estimate of insured losses in the Bahamas caused by Hurricane Irene to $200mn-$400mn
16 September 2011
TransAllied deal off as shareholder vote is cancelled
The 20 September shareholder vote on the proposed merger between Transatlantic Re and Allied World has been cancelled and the merger will no longer take place, the two companies announced today (16 September)
16 September 2011
Global Indemnity takes down for-sale sign
Irish-domiciled specialty (re)insurer Global Indemnity has told investors that it will not now pursue a sale after indicating in May that it was open to approaches
16 September 2011
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