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Brit makes takeover approach to rival
UK insurance group Brit Insurance has made a takeover approach to rival Lloyd’s insurer Chaucer plc, The Insurance Insider can reveal.
09 February 2009
Willis placed D&O cover on Madoff-hit Banco Santander
Madoff-hit Spanish Bank, Banco Santander's directors' and officers' liability insurance is placed by Willis and led by Liberty International Underwriters, The Insurance Insider understands.
09 February 2009
Mitsui Sumitomo claims Qatar first
Mitsui Sumitomo Insurance Company (Europe) Ltd (MSIEU) has received a licence from the Qatar Financial Centre on 17 December 2008, the first Japanese-owned company to do so, according to the firm.
09 February 2009
Lloyd's scores with community programme
At a time when the UK's public contempt for bankers and the City of London reaches near visceral proportions, companies in the Square Mile are under ever-greater pressure to be aware of their social responsibilities.
09 February 2009
US rates fell in Jan; economy may hinder market turn
US primary insurance rates for property and casualty business were down 9 percent on average compared to a year ago, according to analysis by Market Scout, a Texas-based insurance exchange.
09 February 2009
RBS goes it alone after marathon auction
UK state-controlled bank Royal Bank of Scotland (RBS) withdrew from talks with two private equity firms over the sale of its well-regarded insurance units last week, as first revealed by The Insurance Insider.
09 February 2009
Greenberg to address London market
Maurice “Hank” Greenberg is in London this week and will be addressing the market at The Insurance Insider’s “Endless Risk, Prodigious Opportunities” event on the 11 February.
09 February 2009
Australian wildfires prompt review of official advice
Australia has been hit by its worst natural disaster in over a century as bushfires took hold in the southern state of Victoria on 7 February and swept through towns killing 135 people and destroying at least 800 homes.
09 February 2009
Benfield Mexico boss quits, Guy Carp in the frame again
The Latin American departures from former independent reinsurance broker Benfield Group after its 2008 takeover by Aon Corp continue as the CEO of its Mexican operations Albert Fischl has left the firm, The Insurance Insider can reveal
09 February 2009
Catlin takes US aviation book from XL
Catlin's admitted US carrier, Catlin Insurance Company Inc, is to replace XL Insurance as the carrier for US general aviation managing agent W Brown & Associates Insurance Services (WBAIS), The Insurance Insider can reveal.
09 February 2009
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