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Final dividend announced for USI
The process for agreeing all claims for the United Standard Insurance Company Ltd (USI)'s scheme of arrangement has been completed, according to scheme administrators PricewaterhouseCoopers (PwC)
30 March 2011
Tawa’s shares climb after 2010 results
UK-listed run-off firm Tawa's 2010 annual results were well received by investors, with its share price rising more than 5 percent since they were published on 25 March
30 March 2011
RITC Syndicate Management appoints Lexicon Partners
Lloyd's run-off firm RITC Syndicate Management Ltd (RSML) denied it is considering an imminent sale of its business - but has appointed corporate advisers Lexicon Partners to consider possible sale approaches
30 March 2011
Gallagher-Heath deal edges closer
AJ Gallagher International and Heath Lambert are in exclusive takeover negotiations as the two sides move closer to finalising the terms, The Insurance Insider understands
30 March 2011
Lonmar loses key account as director resigns
Lonmar Global Risks has been hit twice in recent weeks after losing its Burrup account and with head of casualty Tom Payne resigning from the board
30 March 2011
JLT duo depart after aviation expansion
Senior aviation brokers Jim Joannou and Richard Draper have left Jardine Lloyd Thompson (JLT) in what may be the first sign of the UK broker easing up on its big aviation push
30 March 2011
Willis refinances to end Goldman Sachs debt burden
More than two years after it took on a $500mn bridging facility at punitive interest rates with Goldman Sachs, Willis is refinancing the debt on significantly more favourable terms
30 March 2011
BP Marsh and Michael Wade poised to take Besso
Niche venture capital company BP Marsh and Lime Street stalwart Michael Wade are poised to end more than two years of uncertainty at broker Besso Holdings by taking control of the London-headquartered company
30 March 2011
Whittington for sale
Lloyd's turnkey provider Whittington is up for sale at a price tag of around $60mn and has attracted interest from a number of potential buyers
30 March 2011
US FAIR plans turn to Bermuda for additional cover
Representatives of Citizens Property Insurance Company (CPIC) met underwriters in Bermuda late last month to assess how much limit Florida's state-backed insurer can buy with its $125mn budget for 2011
30 March 2011
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