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Gallagher poised to take over Woodbrook MGA
AJ Gallagher International is on the brink of acquiring Woodbrook Underwriting Agencies as a compliment to its proposed takeover of Heath Lambert, The Insurance Insider can reveal
22 February 2011
Ex-JLT London chairman landed by Gallagher
Andrew Agnew, who resigned as chairman of Jardine Lloyd Thompson (JLT)'s London market operations in September, is to join Arthur J Gallagher International as chairman
22 February 2011
New quake devastates Christchurch with $bn losses likely
Billion dollar losses from New Zealand are again likely for the reinsurance community after a magnitude 6.3 earthquake struck Christchurch, killing at least 65 people
22 February 2011
Gallagher to funnel £650mn of Heath Lambert business through MGAs
Broker Arthur J Gallagher International is set to close its acquisition of Heath Lambert next month and will immediately look to introduce an underwriting engine to channel the UK retailer's powerful book of business.
21 February 2011
Credit insurance code of conduct launched
A credit insurance industry lobby group has released a market code of conduct to address the breach of trust it says arose between insurers and clients after the financial crisis.
21 February 2011
Obama budget triggers lobbying war
The US insurance industry is facing another prolonged lobbying war after plans outlined in the Obama administration's budget proposed disallowing tax deductions for international reinsurance companies ceding their US business to offshore affiliates.
21 February 2011
UK compensation reform to progress within weeks
The UK Ministry of Justice expects progress within weeks on Lord Young's recommendations for reforming the health and safety requirements that insurers place on small businesses and the voluntary sector.
21 February 2011
Cat bond market back to pre-crisis returns
Cat bonds performed strongly in 2010, according to Swiss Re's basket of indices for the asset class, with the reinsurer hailing strong performance indicators as a sign the market has fully recovered from the financial crisis.
21 February 2011
2011 cat bond sales start strongly
Cat bond sales have made a strong start to 2011, with industry stalwart Swiss Re completing its largest ever Successor note issue and US insurer The Hartford closing its latest Foundation Re bond oversubscribed.
21 February 2011
Bullish Hyperion looks to 2012 for IPO
Hyperion Insurance Group is working towards a potential initial public offering (IPO) in 2012 if and when a market valuation of £250mn can be met, according to its CEO.
21 February 2011
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