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R-T Specialty makes Florida purchase
Aon founder Pat Ryan is continuing to build out his network at new venture Ryan Specialty Group with the acquisition of boutique wholesale broker McAuley Woods & Associates.
08 October 2010
Pricing drops as UK run-off dwindles
Acquisition pricing for run-off insurers compared to their net asset value (NAV) dropped in 2009, according to KPMG's annual UK non-life insurance run-off survey.
07 October 2010
CJ Coleman back to black after litigation-marred 2008
Family-owned London market wholesaler CJ Coleman reported full-year profits of £717,000 for last year, as it recovered from the £1.7mn of legal costs paid in 2008 after a bitter poaching dispute with BMS.
07 October 2010
Zurich to pay $545mn to close US suit
Zurich Financial Services Group (ZFS) has agreed to pay $455mn to settle a class action suit brought in California against its Farmers Group subsidiary (FGI) and a further $90mn in legal fees.
07 October 2010
Munich Re launches 25-year solar warranty cover
Munich Re has introduced a long-term warranty insurance product to cover the performance of solar panels in the US. The product is part of a growing stable dedicated to renewable energy technology.
07 October 2010
Profits leap at Gallagher's UK arm
Pre-tax profits at AJ Gallagher's UK arm almost doubled in 2009, as it slashed costs and enjoyed modest revenue growth.
07 October 2010
Market set to miss Hungarian pollution loss
The global P&C market is set to sidestep the multi-million dollar clean-up and liability costs arising from the catastrophic chemical spill yesterday in Hungary, our sister title Inside FAC has learned.
06 October 2010
EAUA Pool scheme sanctioned
The UK High Court has today (6 October) sanctioned the solvent scheme of arrangement of the English and American Underwriting (EAUA) Pools, The Insurance Insider can reveal.
06 October 2010
Besso falls to post-tax loss in 2009; loses major client
Besso slumped to a post-tax loss of £92,000 in 2009, offering further confirmation that London's independent wholesalers face a hard slog in an enervating soft market.
06 October 2010
US P&C: Small agents face soft market squeeze
Small agents are facing a squeeze from larger rivals in the soft market bloodbath of the US property and casualty (P&C) insurance industry.
06 October 2010
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