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Sandler rebuffs Lloyd’s chairman overtures
Ron Sandler has rejected a number of approaches from Lloyd's to take over as chairman of the Society when Lord Levene of Portsoken steps down next year, The Insurance Insider can reveal.
18 October 2010
D&O insurers in forlorn Stanford fee pursuit
The London market directors' and officers' (D&O) insurers of fraud-hit Stanford Financial Group (SFG) are making a counterclaim for defence fees of around $15mn, The Insurance Insider can reveal.
18 October 2010
Investor demand for US cat set to return
Investor demand for peak US wind bonds will strengthen in the fourth quarter after tailing off mid-year, broker Aon Benfield Securities said in its third-quarter report on the insurance-linked securities sector.
18 October 2010
Axa launches Euro wind bond
French insurer Axa has launched its first European wind catastrophe bond, as tipped by The Insurance Insider's sister publication Trading Risk.
18 October 2010
RFIB sets out ambitious growth blue print
Private equity backed London market wholesaler RFIB has unveiled a five-year plan to double revenues and treble profits by 2015.
18 October 2010
Integro acquires San Francisco reinsurance broker
Private equity-backed insurance broker Integro has taken over San Francisco-based reinsurance broking house ReSource Intermediaries for an undisclosed sum.
18 October 2010
JLT continues hiring spree
Jardine Lloyd Thompson (JLT) has continued to lure Aon executives, with another team of producers hired from the broking giant.
18 October 2010
Integration costs cut further into Glencairn profits
London market broker Glencairn suffered a 63 percent slide in pre-tax profits to £634,000 in 2009 as the cost of its integration into global broker Willis took its toll.
18 October 2010
Five bidders shortlisted in Quinn auction
A shortlist of 40 or more potential buyers interested in acquiring troubled Irish insurer Quinn has been whittled down to five contenders, including Anglo Irish Bank, Travelers Insurance and Liberty Global.
18 October 2010
Captives under threat from Solvency II, warns AM Best
Solvency II will be a catalyst for corporates to close down their captive insurers, rating agency AM Best predicts.
18 October 2010
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