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Fox and Stanard launch TigerRisk
Two industry veterans have formally launched their re-branded reinsurance brokerage, TigerRisk Partners.
08 September 2008
Gallagher to buy Oxygen
Gallagher UK is aiming to bolster its MGA capabilities with the proposed acquisition of the agency operations of London-headquartered Oxygen Holdings plc.
08 September 2008
Enstar and Goldman tie-up to bid for Travelers portfolio
The race to buy Travelers' long-tail run-off portfolio - Unionamerica Insurance Company Ltd - has been whittled down to the serious bidders, with at least five major players vying for the acquisition, The Insurance Insider has learnt.
08 September 2008
Swiss Re wins $1.5bn cat bond mandate
Swiss Re Capital Markets has won a $1.5bn mandate to securitise US earthquake risk for the California Earthquake Authority (CEA) in its latest, and by far the largest deal.
08 September 2008
Allianz emerges as RSA stalker
Having finally shed its under-performing banking unit Dresdner Bank for up to EUR9.8bn global insurance giant Allianz has emerged as the frontrunner in bid speculation surrounding a mooted takeover of UK non-life insurer RSA.
08 September 2008
Ascot settlement costs AIG $101mn
American International Group (AIG) has revealed the cost of settling its dispute with Ascot Underwriting management as it bought out in July the interest in the Lloyd's insurer it didn't own.
08 September 2008
Willis reintroduces Faber Dumas brand
Willis decided to resurrect one of the broking industry's famous old names with plans to re-brand London market broking subsidiary Glencairn, acquired as part of the $2.1bn Hilb Rogal & Hobbs takeover, as Faber Dumas.
08 September 2008
Beazley set to buy PA/life specialist
Beazley Group is thought to be close to a deal to buy specialist personal accident and life managing general agency (MGA) Momentum Underwriting Management Ltd (MUM), The Insurance Insider can reveal.
08 September 2008
Credit crisis to slow reinsurance rate slide
An end to market divergence and downwards pressure on reinsurance rates may be in sight, major reinsurance brokers have predicted, as senior industry leaders gather at the 2008 Monte Carlo Reinsurance Rendez-Vous.
08 September 2008
AWAC opens Swiss office
Allied World Assurance Company Holdings Ltd (AWAC) has become the latest Bermudian to make a move to Switzerland.
08 September 2008
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