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Pamplona reported to have abandoned Chaucer play
Russian-backed private equity investor Pamplona Capital Management is reported to have withdrawn its application to the UK's Financial Services Authority (FSA) for approval to build on its 9.99 percent stake in Lloyd's insurer Chaucer.
14 June 2010
Run-off market in Germanic nations leaps to EUR115bn
Continental Europe offers huge opportunities for the run-off industry with the discontinued market in the region's German-speaking countries totalling EUR115bn at the end of 2008, according to a new KPMG survey.
14 June 2010
Bangkok riots burn standalone terrorism market with $1bn bill
The riots in Bangkok last month have burnt the nascent standalone terrorism (re)insurance market with $1bn total losses and the need for a complete overhaul, sister publication Inside FAC has revealed.
14 June 2010
Brit shareholders key to £800mn Apollo buy-out
Brit Insurance's key shareholders, including Schroders, Third Avenue, Artisan Partners and Jupiter Asset Management, will be key to the success this week of Apollo Management's £800mn buy-out bid.
14 June 2010
Bulked-up Cooper Gay targets US IPO as early as next year
Cooper Gay is to press ahead with an initial public offering (IPO) in New York as early as next year, once it completes its imminent merger with US wholesaler Swett & Crawford, The Insurance Insider understands.
14 June 2010
Brit shareholders key to £800mn Apollo buy-out
Brit Insurance's key shareholders, including Schroders, Third Avenue, Artisan Partners and Jupiter Asset Management, will be key to the success this week of Apollo Management's £800mn buy-out bid.
14 June 2010
Inside FAC New York Roundtable 2010
Industry rainmakers recently gathered in New York to thrash out a variety of issues including the viability of the Gulf of Mexico; the trouble between admitted and Excess & Surplus lines players; and proposed changes to TRIA
14 June 2010
Meteorologists warn of first signs of Atlantic storms
The next 48 hours is likely to see the formation of the first named storm of the season, according to the US National Hurricane Centre in Miami.
14 June 2010
MMC holds Alaska lawsuit payout to $500mn
Fears that broker Marsh would indirectly suffer as a result of a legal settlement by fellow Marsh & McLennan Companies (MMC) subsidiary Mercer have receded after the payout was limited to $500mn.
14 June 2010
Brit open to higher Apollo bid
Brit Insurance Holdings has opened the door to a higher bid from Apollo Global Management after rejecting an initial cash offer from the private equity firm that it said equates to £10 per share
11 June 2010
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