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Achilles-Brit deal vote period extended
Brit shareholders have been given a further fortnight to vote on the joint Apollo-CVC offer first unveiled in late October.
05 January 2011
Admiral shares unmoved by Zurich bid speculation
Shares in dedicated motor insurer Admiral remained largely unmoved by press speculation in the week before Christmas that continental big hitter Zurich Financial Services (ZFS) was poised to come in with a bid worth close to £5bn.
05 January 2011
Lloyd’s Japan premium up 27% on narrow portfolio
The volume of Japanese premium written by Lloyd's increased by 27 percent to $680mn in the two years to the end of 2009, according to a market briefing last month.
05 January 2011
Quinn: renewal rights only?
As the queue of interested parties in failed Irish insurer Quinn Insurance shrinks, there is growing intrigue around how a potential deal will be constructed.
05 January 2011
I bleed, you bleed
Back in the bad old days (or good old days, depending on your view of reinsurance history), the reinsurance industry used to operate more or less in lock-step with its cedants.
05 January 2011
Willis and Berkshire Hathaway pair up for energy facility
Willis and Berkshire Hathaway are the latest market players to announce a new facility to provide additional underwriting capacity to the oil and gas industry following the Deepwater Horizon catastrophe.
05 January 2011
Aviation losses mount in worst ever hull year
Hull and liability aviation losses in 2010 reached $2.15bn and exceeded gross premium written in the same period, according to consultancy Ascend.
05 January 2011
Houston International sells wholesale arm to Bob Deutsch PE firm
Houston International Insurance Group (HIIG) has sold its wholesale broking arm Southwest Risk LP (SWR) to Bob Deutsch-led private equity firm GCP Capital Partners as it looks to focus on buying underwriting agencies.
05 January 2011
Lloyd’s gets ready for second Chile expedition
Lloyd's is putting together a delegation to undertake a second visit to Chile to assist with claims adjustment work, The Insurance Insider can reveal.
05 January 2011
Few P&C and specialty insurers make top 25 list
Property and casualty (P&C) and specialty (re)insurers were under-represented on AM Best's annual table of the biggest insurance companies in the world.
05 January 2011
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