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Alterra plans 60% expansion on Syndicate 2526
Alterra-managed Syndicate 2526 is planning to expand its capacity by almost 60 percent for 2011, The Insurance Insider can reveal.
23 August 2010
Kiln halves capacity at catastrophe sidecar syndicate
Lloyd's managing agent RJ Kiln has halved capacity at its property catastrophe Syndicate 557 to £60mn for 2011, despite forecasts of an active hurricane season in the US this year.
23 August 2010
HP conducts due diligence in advance of Ri3K sale
IT giant Hewlett Packard's (HP) independent subsidiary MphasiS is in advanced negotiations to buy Ri3K, with due diligence half-completed, The Insurance Insider understands.
23 August 2010
RK Harrison parts company with key producer
Catherine Murray, a leading London market specialty (re)insurance producer, has left RK Harrison.
23 August 2010
AIG shrinks NY Fed facility by a further $4bn
American International Group (AIG) has pumped the proceeds of nearly $4bn received from International Lease Finance Corporation (ILFC) into its Federal Reserve Bank of New York (FRBNY) revolving credit facility.
23 August 2010
BMS in talks to hire ex-Glencairn CEO
Ex-Glencairn chief executive Nick Cook has held talks with BMS about joining the Lloyd's broker on completion of his "gardening leave", The Insurance Insider can reveal.
23 August 2010
Lloyd & Partners continues Aon energy raids
London-based wholesaler Lloyd & Partners has recruited onshore energy reinsurance specialist Chris McNamara from Aon Benfield as part of investment in its energy practice.
23 August 2010
Towers Watson posts $58mn quarterly profit
Towers Watson - the new entity from the merger of actuarial and risk consulting and management firms Towers Perrin and Watson Wyatt - posted a $58mn profit for the fourth quarter.
23 August 2010
Aon has $1.5bn bridging loan for Hewitt deal
Global broker Aon Corp has disclosed details of the $2.5bn lending arrangement that will finance the cash portion of its $5bn cash and stock bid for consulting giant Hewitt.
23 August 2010
Marsh lands aviation insurers with extra 2.5% commission
Marsh has standardised wordings on its London aviation placement slips to include a 2.5 percent commission for market services, in the latest move by a global broker to increase revenues from its markets.
23 August 2010
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