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Aon pays $36,000 to settle Iran sanctions violations
Aon has paid $36,000 to a US Treasury agency to settle allegations that it broke US sanctions against Iran in 2005.
16 February 2011
Broker BPL opens in Hong Kong to tackle Asian political risk
Credit and political risk insurance broker Berry Palmer & Lyle (BPL Global) has opened a new Hong Kong branch office.
16 February 2011
Way’s Houston International buys mining & energy underwriter
Stephen Way's Houston International Insurance Group (HIIG) has agreed to buy an Alabama-based mining and energy underwriter, Casualty & Surety, Inc.
16 February 2011
AmTrust profit up 38% on acquisitions
US and European specialty insurance group AmTrust reported a 38 percent rise in annual net income to $142.5mn for 2010, with acquisitions helping boost net earned premiums by 30 percent to $745.7mn
16 February 2011
£880mn Brit Insurance buy-out to complete on 2 March
UK regulator the Financial Services Authority (FSA) and Lloyd's have formally approved the proposed Brit Insurance takeover by the private equity duo Apollo and CVC.
16 February 2011
Chaucer price drifts as rival bidders remain in the shadows
Chaucer plc's share price has deflated by 13 percent since it emerged that Terra Firma had approached the Lloyd's insurer, amid growing scepticism over Lime Street ever seeing a bidding war
16 February 2011
PartnerRe Q1 Aus losses up to $110mn
Bermudian PartnerRe has become the latest reinsurer to put a cost on Australian Q1 natural catastrophes as it said the total net impact of the loss events in the period so far will be between $80mn and $110mn.
16 February 2011
Flagstone’s combined ratio heads over 100% on cat losses
Flagstone Re suffered a year of heavy underwriting losses in 2010, driven by a high catastrophe toll, with the firm's annual operating income dropping 77.6 percent year-on-year to $43.6mn
15 February 2011
Marsh’s quarterly organic growth spikes to 6%
Marsh & McLennan Companies' (MMC) insurance broking subsidiary has put its "big three" rivals in the shade by announcing 6 percent organic revenue growth in the fourth quarter
15 February 2011
Cooper Gay loses exec committee member Kinsella
Business development director Geoff Kinsella has left global specialty broker Cooper Gay Swett & Crawford, The Insurance Insider can reveal
15 February 2011
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