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There are 68,963 results that match your search.68,963 results
  • Could a bull wreck the Chaucer swap?
    The on-off takeover saga of Lloyd's insurer Chaucer took a decisive step forward today with a formal, all-paper offer by rival Brit Insurance this morning, but its modest terms has provoked Russian-backed private equity firm Pamplona Capital...
    22 June 2009
  • Pamplona buys stake in Lloyd’s bid target
    The on-off takeover saga of Lloyd’s insurer Chaucer took a decisive step forward today with a formal, all-paper offer by rival Brit Insurance this morning but its modest terms has provoked Russian-backed private equity firm Pamplona Capital to go into the
    22 June 2009
  • Brit confirms Chaucer all share takeover approach
    The largest Lloyd’s M&A transaction since Catlin’s £600mn swoop for Wellington in late 2006 will take place if Chaucer Holding’s board recommend an all share offer made by rival Brit Insurance.
    22 June 2009
  • Brit withdraws Chaucer offer; CEO steps down
    Brit Insurance has withdrawn its all-paper offer for rival Chaucer Holdings – which was only formally announced yesterday - after the Lloyd's insurer's Board declined to recommend the bid to its shareholders.
    22 June 2009
  • Willis Re UK exec quits
    Donald MacDonald, the deputy managing director of Willis' UK reinsurance unit, has resigned, The Insurance Insider can reveal.
    22 June 2009
  • Fitch downgrades Brit on profitability concerns
    Ratings agency Fitch has downgraded its Insurer Financial Strength ratings for Brit Insurance Holdings' principle insurance subsidiary - Brit Insurance Ltd (BIL) - to 'A' from 'A+'.
    22 June 2009
  • TWIA reinsurance signed into law
    Texas Governor Rick Perry has signed into law a bill (HB 4409) for restructuring the state's windstorm insurance fund, the Texas Windstorm Insurance Association (TWIA), and axing its $1.5bn reinsurance programme.
    22 June 2009
  • UK offshores enjoy captive interest growth
    Offshore domicile Guernsey has seen a significant increase in enquiries relating to setting up captive and insurance cell operations in the last three months, chief executive of Guernsey Finance Peter Niven told The Insurance Insider.
    22 June 2009
  • Gen Re's Houldsworth spared prison over finite re scandal
    Former Gen Re executive John Houldsworth was handed two years' probation and ordered to pay a $5,000 fine but was spared a custodial sentence for his role in a fraudulent $500mn reinsurance deal...
    22 June 2009
  • US Court upholds $500mn asbestos settlement against Travelers
    The US Supreme Court has reinstated an approximate $500mn settlement in an asbestos lawsuit against US insurance giant The Travelers Casualty Companies (Travelers).
    22 June 2009
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