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Novae in due diligence for Omega merger
Listed Lloyd's (re)insurer Novae has entered due diligence with its peer Omega with a view to a possible merger, The Insurance Insider can reveal
27 May 2011
Aon Benfield parts company with fac head Richardson
Elliot Richardson, the high-profile CEO of Aon Benfield Fac, has left the organisation following a settlement agreed today between the parties
27 May 2011
Sagicor M&A bids required by end of month
Expressions of interest in acquiring Sagicor's Lloyd's business are due by the end of the month, The Insurance Insider can reveal
27 May 2011
Thomas H Lee backs Sword Insurance MBO
Private equity firm Thomas H Lee Partners (THL) is backing a management buyout of the insurance arm of French-headquartered IT company Sword Group.
27 May 2011
Lloyd & Partners profits up by 72 percent
JLT's wholly-owned wholesale broker Lloyd & Partners increased its pre-tax profits by 72 percent to £13.9mn in 2010.
27 May 2011
UK Met Office forecasts quieter 2011 hurricane season
The UK Met Office says the 2011 North Atlantic hurricane season should be quieter than the very active season last year
26 May 2011
Benelux reinsurer Belré offloaded for EUR208mn
Belgian insurance group Ethias has closed the sale of its Luxembourg-based reinsurance unit Belré to US investment bank Cowen Group, according to local media reports.
26 May 2011
Chaucer expands energy team
Takeover target Chaucer has appointed a seven-strong team to its new global energy practice, led by divisional underwriting manager Gary March
25 May 2011
Tysers pre-tax profits more than double
Hawkes Bay Holdings, the parent company of independent Lloyd's broker Tysers, more than doubled its pre-tax profits in 2010 despite the continuing pressures of the soft market
25 May 2011
IAG and Suncorp NZII gross losses leap to $3.6bn
Australasian insurer Suncorp has notified reinsurers that its expected gross losses for the second New Zealand earthquake have soared to $1.69bn (A$1.6bn), The Insurance Insider can reveal
25 May 2011
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