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AWAC evolves US platform with $550mn Darwin deal
Bermuda’s Allied World Assurance Company Holdings Ltd (AWAC) is expanding its US presence with the $550mn cash acquisition of Darwin Professional Underwriters Inc.
30 June 2008
QBE appoints new Americas CFO
QBE Insurance Group has announced the appointment of Chris Fish as CFO for its Americas division.
30 June 2008
Capita completes giant broker outsourcing deal
As predicted by The Insurance Insider last week, Capita Group plc and Marsh UK finalised their 10-year outsourcing deal, worth £187mn, that will see around 600 staff transfer to the outsourcing firm.
30 June 2008
AIG sub-prime losses set to continue
The extent of sub-prime related hits at American International Group (AIG) continues to emerge with the US insurance giant to absorb $5bn in losses in its securities-lending operations.
30 June 2008
WTC rebuild set for expensive overrun
The rebuilding of the World Trade Center site that was devastated in the 9/11 terrorist attacks will not be completed until the middle of the next decade and may run up to $3bn over budget, according to reports.
30 June 2008
AWAC evolves US platform with $550mn Darwin deal
Bermuda's Allied World Assurance Company Holdings Ltd (AWAC) is expanding its US presence with the $550mn cash acquisition of Darwin Professional Underwriters Inc.
30 June 2008
Bowring to return in Marsh P&C restructure
Marsh is dusting off the venerable Bowring name with the formation of a new international division, Bowring Marsh, which will bring together its international placement capabilities for property, terrorism and casualty risks.
30 June 2008
Ironshore to buy Lloyd’s insurer
Bermudian Ironshore Inc is close to announcing a deal with Chaucer plc to buy the Lloyd’s insurer’s Pembroke division, a move first revealed by The Insurance Insider.
27 June 2008
Benfield’s Steel to be AXIS chief risk officer
AXIS Capital Holdings Limited has poached Michael Steel, Benfield Group's global head of capital markets and appointed him in the newly created role of chief risk officer, the Bermuda-held company has announced.
27 June 2008
Enstar in $100mn secondary offering
Acquisitive run-off specialist Enstar Group Ltd has announced plans to raise around $105mn with a new public share issue.
26 June 2008
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