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Windsor trades up to new offices; Alterra rebrands US division; Brokers strike energy alliance
18 October 2010
Buffett-backed Grafton goes shopping for legacy captive business
Audley Gilroy-controlled legacy (re)insurer Grafton has completed a transfer for UK supermarket firm WM Morrison PLC's captive run-off liabilities that sources have suggested are in the "tens of millions".
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
Competitive pricing could boost ILS issuance
Soft reinsurance markets may help to boost insurance-linked security (ILS) sales next year, according to asset manager Baldwin & Lyons Capital Markets.
18 October 2010
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
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
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