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Aon extends Xchanging back office contract
UK outsourcing firm Xchanging has secured an extension of the ground-breaking enterprise partnership contract with insurance broker Aon that it first won almost five years ago.
12 January 2011
Ruen Chen in $2.16bn offer for AIG’s Nan Shan
American International Group (AIG) has found a new local buyer for its Taiwanese life insurance business Nan Shan, just a few months after regulators overturned its proposed sale to a Hong Kong consortium.
12 January 2011
Acquisitive Catalina to buy Glacier Re
Run-off specialist Catalina Holdings announced that it signed a definitive agreement on 7 January to acquire Glacier Re, the Swiss based reinsurer in run-off.
12 January 2011
Amlin doubles NZ quake loss estimate
The New Zealand earthquake continues to cause major aftershocks for international (re)insurers, with Lloyd's heavyweight Amlin more than doubling its initial estimate for claims from the catastrophe to $160mn.
11 January 2011
NY follows Florida on collateralisation with Hannover Re approval
The New York State Insurance Department has become the second US state authority to allow a foreign reinsurer to qualify for lower collateral requirements with its approval of Hannover Re as an eligible reinsurer.
11 January 2011
A$150mn Queensland GI loss estimate set to rise
Australia's general insurers have so far received around 4,300 claims from policyholders hit by the Queensland floods with an estimated insured loss of A$150mn, according to the Insurance Council of Australia
10 January 2011
Xchanging takes three execs from Ri3k
London market back office provider Xchanging has lured three executives from recently acquired electronic (re)insurance placing platform Ri3k.
10 January 2011
IranAir crash loss modest for London market
The London aviation insurance market does not have significant exposure to the IranAir passenger jet that crashed yesterday (9 January) with the hull valued at just $2mn, The Insurance Insider can reveal
10 January 2011
Omega confirms Canopius takeover bid
London-listed (re)insurer Omega Insurance Holdings has confirmed that it has received a takeover approach from private-equity-backed rival Canopius Group, after The Insurance Insider revealed the talks on 7 January.
10 January 2011
Omega in takeover talks with Lloyd’s rival
Private equity-backed Canopius is in formal takeover talks with London-listed Lloyd's carrier Omega Insurance Holdings, The Insurance Insider can reveal
07 January 2011
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