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Darag deal closes; KPMG advisor appointed COO
German regulator Bafin has approved Augur Capital's EUR20mn acquisition of AIG subsidiary Deutsche Versicherung und Rückversicherungs-AG (Darag).
27 April 2009
London Market shoulders arms to IPL contingency cover
India's state-run National Insurance Corporation (NIC) has been unable to reinsure the contingency cover for this year's Indian Premier League (IPL) cricket tournament, currently taking place in South Africa, our sister publication Inside FAC reports.
27 April 2009
Willis HRH Q1 margin faces scrutiny
Willis Group's first quarter results, due out this week, will be scrutinised carefully by investors for the performance of its US operations, following last year’s $2.1bn acquisition of Hilb, Rogal & Hobbs (HRH).
27 April 2009
Will Q1 results ease last year's pain?
Investors are poised for a hectic period of first quarter reporting from the global (re)insurance sector that will reveal whether the wide-scale pain inflicted on balance sheets in 2008 has eased in the early part of 2009.
27 April 2009
Marsh to revisit GOM facility as interest wanes
Marsh is revamping its proposed facility with Berkshire Hathaway for Gulf of Mexico (GOM) windstorm risks in a bid to drum up interest, after receiving insufficient support from potential buyers to meet its planned launch date.
27 April 2009
Lloyd's looks to cash in with Central Fund debt buyback
Lloyd's is set for a gain after making a tender to repurchase up to £100mn of the approximate £1.1bn in long-term corporate debt it manages - which in turn forms part of the central assets the Society holds on behalf of the market.
27 April 2009
Catlin breathes new life into Lloyd's microcosm
Short-term life business has never been a significant component of the Lloyd's mix and in recent years its share has shrunk even further.
27 April 2009
Heath Lambert loses key FI account
UK independent broker Heath Lambert has lost another major account after rival firm AJ Gallagher (UK) captured French inter-dealer broker Viel & Cie (V&C), The Insurance Insider can reveal.
27 April 2009
Lloyd's insurers await Finance Bill for reserves tax detail
Lloyd's insurers will scour the UK Finance Bill 2009 upon publication (expected 30 April) for further details of how the tax deduction for equalisation reserves will be calculated.
27 April 2009
Darag deal closes; KPMG adviser appointed COO
German regulator BaFin has approved Augur Capital's EUR20mn acquisition of AIG subsidiary Deutsche Versicherung und Rückversicherungs-AG (Darag).
27 April 2009
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