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  • Defunct Bermudian retro player PXRE has received approval to withdraw $22,800,000 in the form of a cash dividend to its immediate parent WT Holdings Inc
  • The $7bn deal to create TransAllied Group later this year could spur more M&A activity, according to a major equity analyst.
  • Lord Levene used his ‘Chairman’s View’ lecture to the Insurance Institute of London speech at Lloyd’s today to warn the industry against apathy in the face of the looming contract certainty d-day. Levene said: “Contract Certainty is a good thing, we...
  • US giant Allstate has authorized its biggest share buyback since 2006 with a new $2.5bn programme to be completed over the next 18 months.
  • A sequence of natural catastrophe events outside the US has left Novae Group with a first quarter catastrophe bill of $60mn to $80mn
  • With Lloyd's star in the ascendant after the sale of Equitas to Berkshire Hathaway, ratings upgrades and a queue to sign up new ventures at Lime Street, The Insurance Insider plucked a legion of leading lights to assess the challenges and opportunities for London...
  • Charlie Cantlay, the chairman of Aon Benfield's Global ReSpecialty team and its UK operations, is set to leave the broker after 15 years
  • Xchanging, the business process outsourcer that runs the London market back office, has said economic conditions are continuing to put pressure on activity levels.
  • Germany's third largest insurer has fought off competition from rivals such as Markel to win the auction for the Dutch insurance group BV Bloemers.
  • London market reinsurers led by Allianz suffered a blow following a High Court decision in their controversial EUR44.3mn dispute with the North Korean state insurer.