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Ryan, Torus and Lightyear are Jubilee bidders
Ryan Specialty Group, Torus and Lightyear Capital have all passed through to the second round of the Jubilee auction, The Insurance Insider understands.
11 April 2011
Omega CEO Pexton gets $225,000 bonus
Omega Holdings CEO Richard Pexton has received a bonus of 45 percent of his pro-rata salary, or $224,750, despite the company's well-publicised difficulties.
11 April 2011
Pension legacy weighs heavily on London brokers
If competing with the "big three" global brokers in a soft market was not enough, London's independent brokers continue to battle against heavy pension deficits.
11 April 2011
M&A pace to be maintained into 2011
The pace of M&A activity will continue in 2011 as (re)insurers look to deploy excess capital and take advantage of low valuations, according to analysts at ratings agency AM Best.
11 April 2011
EQC expects treaty to contain both NZ quake losses
The New Zealand Earthquake Commission (EQC) does not expect the losses from either the first or second Christchurch earthquake to go through the top of its reinsurance programme.
11 April 2011
US property cat and workers’ comp rate rises fan market turn hope
Hopes among US property casualty underwriters for a market turn will be bolstered by emerging evidence of moderating overall rate falls and hardening pockets, led by workers' compensation and cat-exposed property risks.
11 April 2011
Investors gamble on brokers’ shares after Japan
The strong rally in global broker stocks since the Japan earthquake has continued as investors speculate that intermediaries will be the first to benefit from rising rates.
11 April 2011
Losses expected as quarterly P&C financials loom
With the P&C (re)insurance industry first-quarter reporting season gathering pace in the second half of April, investors are expected to look past the gloom of heavy cat losses to a positive outlook for pricing.
11 April 2011
Berkshire Hathaway’s reputation could be hit by Sokol affair, says S&P
Berkshire Hathaway's carefully cultivated reputation for ethical behaviour could be dented by David Sokol's departure, warned ratings agency Standard & Poor's (S&P).
11 April 2011
Towers Watson predicts modest $12bn-$15bn international Japan losses
The international reinsurance community is likely to face only $12bn-$15bn losses from the Japanese earthquake and tsunami, according to Towers Watson.
11 April 2011
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