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Max plays down rival Validus bid for IPC
Max Capital says it still expects its proposed merger with IPC Holdings to close in the coming months, as it questioned the rationale behind a rival bid for the Bermudian cat specialist from Validus Holdings.
01 April 2009
FSA green-lights industry guidance on broker commissions
UK regulator the Financial Services Authority (FSA) has formally ratified industry guidance developed by broker trade bodies around transparency, disclosure and conflicts of interest in the commercial insurance market.
01 April 2009
S&P hits European insurers with downgrades
Standard & Poor’s (S&P) has cut the ratings of a number of European insurers against the backdrop of continued deterioration of financial markets and a rapid contraction in the global economy that combine to “weigh significantly”...
31 March 2009
Validus looks to trump Max with $1.7bn rival IPC bid
Validus Holdings Ltd has come in with a rival offer to Max Capital’s for fellow Bermudian IPC Holdings.
31 March 2009
Ark sails into profit; 2009 capacity grows 30 percent
In its first full year of trading, the private equity backed Lloyd's insurer group Ark Insurance Holdings posted a $18.6mn profit.
30 March 2009
LIIBA claims 98 percent market affiliation
The London International Insurance and Reinsurance Brokers' Association (LIIBA) has said that its members now total over 120 firms - representing 98 percent of the London-based international broker sector...
30 March 2009
Aon France veteran Redier retires
Aon veteran Vincent Redier has retired from his position as executive chairman of the broking giant's French operations, The Insurance Insider can reveal.
30 March 2009
Amlin returns to Chaucer race with £280mn offer
Lloyd's insurer Amlin plc remains a leading runner in the race to acquire rival Chaucer Insurance Holdings, after making an offer which values the firm at around £280mn, The Insurance Insider can reveal.
30 March 2009
S&P also turns negative on Berkshire
Standard & Poor's (S&P) became the second rating agency to turn negative on Berkshire Hathaway, after it changed its outlook on the firm's core AAA financial strength ratings to negative.
30 March 2009
New York arbitrageur denies Chaucer interest
New York-based private bank and alternative investment manager Gruss & Co has denied suggestions that it is interested in being involved in a bid for the up-for-sale Lloyd's insurer Chaucer.
30 March 2009
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