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International digest
(Re)insurers are not banks, says Geneva Association; Axa on M&A trail with EUR2bn rights issue; Hedge fund takes Glacier reins; IPC gains boost Validus and Max profits...
11 November 2009
London digest
Mitsui Sumitomo hires senior franchise exec; Wildnet investors sell stakes; Corfield leaves Liberty; AEGIS London enters A&H; Brit parts company with PI execs...
11 November 2009
Marsh bid-rigging saga continues
The broking giant and AIG were served with a lawsuit by US commodity producer and distributor Seaboard Corp at the end of October.
11 November 2009
Armour pierces Tawa with Ryland hire
Bermuda-headquartered Armour Reinsurance Group has lured senior Pro Group executive Steve Ryland, despite being trumped in the race to acquire Pro by Tawa plc.
11 November 2009
PCS finally settles on Ike loss figure
The industry loss warranty (ILW) market was finally able to settle contracts impacted by the 2008 US hurricane season after PCS finalised its industry onshore loss estimate...
11 November 2009
Share buybacks return to the fore among P&C players
As the Q3 financial reporting season draws towards its close, there is growing evidence that (re)insurers’ boards are under pressure to focus on capital management.
11 November 2009
Balance sheets bounce back: (Re)insurer SHF now up 22%
As investors wallowed in financial markets despair at the start of 2009, few would have predicted the speed and size of the bounce in equities that began in mid-March.
11 November 2009
West Atlas rig loss to cost energy market $700mn+
The commercial energy (re)insurance market is facing its biggest loss of the year from the blowout and subsequent fire at the West Atlas rig in the Timor Sea.
11 November 2009
Xchanging hires new London market head from rival
Capita Insurance Services managing director of commercial insurance, Max Pell, has left the UK outsourcing giant to join rival firm Xchanging.
11 November 2009
(Re)insurers face $2.5bn political risk loss
Losses from Central European banks fuel growing loss bill; but experts say the industry is responding well.
11 November 2009
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