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Aon forms new specialty division to house BCR; Chilton to chair
Aon Corp has formed a new unit – Aon Specialty – to marry its large global specialty operations with Benfield Corporate Risks (BCR) in the wake of the Chicago-headquartered broking giant's $1.43bn takeover of Benfield Group.
01 December 2008
Amlin looks to form 2009 Lloyd’s sidecar
Amlin plc is raising capital to form a new quota share syndicate for 2009 financed by Lloyd’s Names to take advantage of the improving market conditions, The Insurance Insider can reveal.
28 November 2008
GAUM leads Airbus A320 loss
Aviation pool Global Aerospace Underwriting Management (GAUM) leads the $47mn hull cover for the Air New Zealand-owned Airbus A320 that crashed yesterday (27 November) in Perpignan, The Insurance Insider understands.
28 November 2008
BMS settles CJ Coleman poaching dispute
BMS Group has reached a settlement with former senior employees and rival London market broker CJ Coleman (CJC) over claims of conspiracy and gross breach of duty that it brought to the UK High Court on 24 November, The Insurance Insider has learnt.
27 November 2008
Euler Hermes chief says credit insurance rates hardening; uninsurable risks on the rise
Fabrice Desnos, CEO of Credit insurance specialist Euler Hermes UK has told The Insurance Insider that an increasing number of risks “have become uninsurable in the strictest sense” and underwriters are having to be more selective...
27 November 2008
Marine underwriters scrutinising policy wordings after surge in piracy
The audacious hijacking of the Saudi supertanker Sirius Star 400 nautical miles off the coast of Kenya earlier this month upped the ante for piracy in the region and is causing hull, cargo and P&I underwriters to look closely at policy wordings...
27 November 2008
JLT Balfour Beatty win puts pressure on RFIB
The acrimonious defection of a UK construction team to London market broker RFIB Group has failed to wrestle the major Balfour Beatty civil engineering account, The Insurance Insider can reveal.
27 November 2008
AIG's Liddy to earn $1 salary
American International Group (AIG) has slashed senior executive remuneration as a gesture to its new US political paymasters and in an attempt to speed the group to recovery, with CEO Ed Liddy earning a $1 salary for 2008-2009.
25 November 2008
Heritage receives green light for Bahrain platform
London-based captives and mutual manager Heritage has received the green light to establish Heritage Insurance Management (Bahrain) WLL (HIMB) on the Persian Gulf island kingdom Bahrain.
25 November 2008
Howden to take Benfield US wholesale unit
Private equity backed insurance group Hyperion is poised to take on Benfield Corporate Risk's (BCR) US wholesale property/casualty unit to its broking arm Howden, The Insurance Insider can reveal.
25 November 2008
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