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Gallagher UK poised to buy Oxygen's agency operations
Gallagher UK is poised to buy the agency operations of London-headquartered Oxygen Holdings plc, The Insurance Insider can reveal.
02 September 2008
Gustav losses moderate; Hannah approaches Caribbean
Hurricane Gustav has been downgraded to tropical storm status after skirting past New Orleans, with insured losses arising mainly from disruption to offshore oil and gas rigs.
02 September 2008
Inside FAC launches
Insider Publishing Ltd is delighted to announce the launch of Inside FAC, its latest title providing exclusive insight and analysis of the latest trends and developments in the growing global facultative marketplace.
02 September 2008
RSA UK CEO to step down
RSA's UK chief executive Bridget McIntyre is stepping down, to be replaced by current chief operating officer Adrian Brown.
02 September 2008
Markel Intl appoints new head
William Stovin has replaced the US-bound Gerry Albanese as president and COO of Markel Corporation’s London subsidiary Markel International.
01 September 2008
Profits up as Paris Re bucks investment loss trend
Swiss-domiciled reinsurer Paris Re Holdings Ltd posted improving results for the first half of 2008, with net income up by around a third to $150.6mn despite taking a $14.2mn hit from Windstorm Emma.
01 September 2008
Moody's keeps watch on $184bn bond insurer deal
Ratings agency Moody's Investors Services said it would be assessing the impact on the credit profiles of FGIC Corp and MBIA Insurance Corporation following their $184bn reinsurance coverage deal.
01 September 2008
Energy claims add to Chaucer's tale of woe
Lloyd's insurer Chaucer Holdings plc reported a heavy slump in half-year profits as it was hit by the double whammy of heavy claims and difficult investment conditions.
01 September 2008
Ambitious LV agrees £150mn Highway price
UK insurer Liverpool Victoria Insurance Company Ltd (LV) has emerged as the bidder for UK motor insurer Highway Insurance Group plc.
01 September 2008
$6.5bn Q3 CDS loss predicted for AIG
US giant American International Group Inc (AIG) could face third quarter losses reaching as high as $6.5bn at its troubled financial products division (AIGFP) as the credit markets continue to weaken, according to Credit Suisse analyst Thomas Gallagher.
01 September 2008
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