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First 2011 hurricane futures trades
Trading platform IFEX has cleared a $1mn hurricane futures contract for the 2011 season, highlighting early speculation on next year's windstorm activity.
04 October 2010
Aon completes $4.9bn merger with consulting giant Hewitt
Aon Consulting has completed its $4.9bn merger with global consultancy Hewitt Associates, which was first announced in July.
04 October 2010
Hyperion acquires Asian hub with Accette move
3i-backed Hyperion Insurance Group is set to buy a majority stake in Asia's largest independent retail insurance broker, Accette Insurance Group, and will use the business as a base to deliver on its Asian ambitions.
04 October 2010
BMS upbeat despite meagre 2009 profits
London market (re)insurance broker BMS Associates has again struggled to deliver profit amid the soft market, eking out post-tax gains of just £6,000 last year, compared with £200,000 in 2008
04 October 2010
UIB’s profits hold up despite soft market gravity
London-headquartered independent broker UIB's post-tax profits were flat in 2009 at £1.33mn, despite softening rates and a £1.2mn negative foreign exchange swing, company accounts show.
04 October 2010
Palmer-Brown to succeed Agnew at JLT
Jardine Lloyd Thompson (JLT) has restructured its key London market unit in the wake of chairman Andrew Agnew's sudden departure last month.
04 October 2010
Flagstone Re estimates $52.5mn NZ quake loss
Flagstone Re expects claims from the New Zealand earthquake of $52.5mn net of reinstatement premiums and retrocession.
04 October 2010
Swiss Re and World Bank buy Brazilian specialty insurer
Swiss Re has invested $40mn alongside the World Bank's International Finance Corporation (IFC) to buy out Brazilian specialty insurer UBF Seguros.
04 October 2010
RSA back on spending trail with CAN$420mn move on GCAN
UK general insurer RSA has resumed its acquisition drive with a CAN$420mn move to buy GCAN Insurance Company and its parent company, Glenstone Capital Incorporated, from the Ontario Teachers' Pension Plan Board.
04 October 2010
Lippe overhauls Swiss Re senior management
Swiss Re CEO Stefan Lippe has overhauled the reinsurer's senior management team, bringing in new chief operating and chief risk officers and creating a number of new positions.
04 October 2010
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