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Aspen sets platform for US growth
On the eve of the large US conferences (NAPSLO, PCI etc) the Bermudian closes deal to buy admitted insurer from Berkshire Hathaway and brings in US veteran to build out its stateside operations
11 October 2010
BMS lands ex-Glencairn CEO Cook
Expansionist (re)insurance broker BMS has won the race to sign former Glencairn chief executive Nick Cook, a move first trailed by The Insurance Insider.
08 October 2010
R&Q White Paper - The True Cost of Claims
Over the last few decades the insurance community has seemingly become more and more reliant on using lawyers, quite often at the expense of developing fully competent in-house claims and legal expertise
08 October 2010
Industry unease over UK Court of Appeal asbestos ruling
The UK Court of Appeal this morning overturned part of a first instance decision over asbestos "trigger" litigation, prompting moves for a last ditch appeal to the Supreme Court and experts warning of legal uncertainty.
08 October 2010
CV Starr opens in Paris
Specialty insurance agency CV Starr has opened a French branch of Starr Underwriting Agents in Paris, appointing former Chartis executive Nicolas Berg as regional manager Europe, Starr Casualty.
08 October 2010
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
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