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Compre to build on Nordic acquisitions
UK-based Compre Holdings Ltd has acquired two of Sweden-based Länsförsäkringar AB’s reinsurance subsidiaries in run-off – Stockholm Reinsurance Company Ltd and Wasa International Insurance Company Ltd...
13 January 2009
AJ Gallagher settles with Edgewood
Californian-based brokerage Edgewood Partners Insurance Center (EPIC) has reached a confidential settlement with Arthur J Gallagher & Co, resolving the international broker's pending lawsuit alleging conspiracy and poaching of staff.
13 January 2009
Amlin writes 30 percent more income at 1/1
Leading Lloyd’s (re)insurer Amlin plc has written 30.6 percent more business at the key January renewal as it told the London Stock Exchange that it is seeing the benefit of increasing rates.
12 January 2009
Advent cuts offshore energy presence as Ike losses surge
Lloyd’s (re)insurer Advent is pulling out of wind-exposed Gulf of Mexico offshore energy after revealing its loss estimates from Hurricane Ike net of reinsurance and reinstatement premiums have almost trebled to £42mn before tax.
09 January 2009
FSA fines Aon £5.25mn over overseas anti-bribery failings
UK regulator Financial Services Authority (FSA) has fined Aon Ltd £5.25mn over systems failures which led to around $7mn of “suspicious payments” to overseas firms and individuals.
08 January 2009
IPC ups Ike and Gustav estimates 53% as fears mount for Bermudians
Bermudian (re)insurer IPC Holdings has increased its estimate of claims from hurricanes Gustav and Ike 53 percent by some $47mn to a total estimate of $135mn, fuelling speculation that other Bermudians could also unveil...
08 January 2009
Lloyd's (re)insurer increases capacity by 35 percent
Lloyd’s (re)insurer Hardy Underwriting Bermuda Ltd has increased capacity on its Syndicate 382 from £185mn to £250mn for 2009 in response to the weak UK pound.
06 January 2009
Ironshore continues AIG raid with environmental chiefs
Bermudian Ironshore has continued its raid on beleaguered insurance giant American International Group (AIG) with the hiring of Joe Boren and John O'Brien to head up its newly formed Environmental Insurance unit.
06 January 2009
Enstar completes $341mn Unionamerica acquisition
Bermudian run-off acquisitions firm Enstar Group completed its $341.3mn acquisition of Travelers’ UK-based unit Unionamerica Holdings Ltd at the end of December.
05 January 2009
WR Berkley completes Irish move
Expansive insurer WR Berkley Insurance (Europe), Limited (WRB Europe) has announced that it has completed the acquisition of Irish Professional Risks Ltd, to form WR Berkley Insurance Ireland.
05 January 2009
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