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Charles Taylor confirms acquisition talks
Charles Taylor Consulting Plc is understood to be closing in on a deal to buy straitened Axiom Holdings Ltd at a significant discount to the $40mn that private equity firm RJD Partners paid for the outsourcing company in 2004.
02 March 2009
Towers Perrin poaches Benfield Dutch duo
Towers Perrin has recruited Benfield Group's Dutch reinsurance broking duo Stephen Martin and Rolf Horst following the firm's recent £935mn acquisition by Aon Corp.
02 March 2009
Amlin shares up despite 70% profits fall; bullish prospects
Blue chip Lloyd's (re)insurer Amlin plc offered a bullish outlook for 2009 as it reported pre-tax profits that fell 70 percent from £445mn in 2007 to £121.6mn last year, with a relatively strong underwriting performance dragged down by its investment retu
02 March 2009
Guy Carpenter snaps up rival Collins
Guy Carpenter has agreed a deal to buy its smaller rival reinsurance broker John B Collins (Collins).
02 March 2009
AIG ends 2008 $99.3bn in the red
American International Group's (AIG) fourth quarter and full-year 2008 figures make for extraordinary reading.
02 March 2009
Lancashire shines as assets and underwriting perform
Class of 2005 start-up Lancashire Holdings has posted better than expected full-year 2008 results, posting net profits of $97mn as both investment income and underwriting continued to contribute to the bottom line over the year.
02 March 2009
Amlin profits fall 70% despite strong underwriting
Pre-tax profits at blue chip Lloyd’s (re)insurer Amlin plc fell more than 70 percent from £445mn in 2007 to £121.6mn last year as a relatively strong underwriting performance was dragged down by its investment return.
02 March 2009
Downward trend in UK run-off market
The Association of Run-off Companies (ARC) said that total liabilities in the UK non-life run-off market declined to £28.3bn in 2007, compared to £32.7bn in 2006, marking a sustained "downwards trend in UK run-off liabilities".
02 March 2009
FSA reveals threshold test for Schemes of Arrangement
UK regulatory body Financial Services Authority (FSA) has warned that its endorsement of proposed schemes of arrangement is not a "foregone conclusion" and it will continue to push back on "arbitrary formulaic offers" that do not sufficiently protect poli
02 March 2009
Brit Insurance's cat bond upgraded
Fitch Ratings upgraded the class B notes of Brit Insurance's three-year catastrophe swap deal Fremantle, as the likelihood of a loss is diminishing with the risk period moving closer to completion.
02 March 2009
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