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$53mn Kazsat-1 failure adds to space sector woes
Space insurance underwriters are facing the prospect of yet another loss with the failure of a Kazakhstan communications satellite in orbit, The Insurance Insider revealed last week.
16 June 2008
JLT acquires Harman Wicks & Swayne for £8.75mn
Jardine Lloyd Thompson Group Plc (JLT) has acquired HWS Holdings Limited (HWS) with its two Lloyd’s broker subsidiaries for up to £8.75mn, as predicted by The Insurance Insider.
16 June 2008
Willis ratings lowered on HRH acquisition
Willis Group Holdings has had its debt ratings placed under review for downgrade by rating agency Moody's after last week’s announced $2.1bn acquisition of Hilb Rogal & Hobbs (HRH).
16 June 2008
Numis tips lowly Brit stock for recovery
The under-pressure shares in Brit Insurance Holdings Ltd have been tipped by the firm's corporate adviser to stage a recovery as the group continues to show resilience in its reinsurance business.
16 June 2008
RSA stock buoyed by vague QBE link
In another tough week for the stocks of the UK's quoted non-life insurers, RSA share price was a rare exception buoyed by vague suggestions of a possible bid from QBE.
16 June 2008
QBE US CEO takes leave of absence
QBE the Americas president and CEO Tim Kenny has taken three months leave of absence from the insurer for personal reasons, The Insurance Insider can reveal.
16 June 2008
Willumstad replaces Sullivan as AIG CEO
Martin Sullivan has resigned as chief executive of American International Group (AIG) after bowing to mounting shareholder pressure over the company’s performance that has slumped on heavy credit losses.
15 June 2008
$53mn KazSat-1 failure adds to space sector woes
Space insurance underwriters are facing the prospect of yet another loss with the failure of a Kazakhstan communications satellite in orbit, The Insurance Insider can reveal.
12 June 2008
Beazley unveils new CEO with internal appointment
Lloyd’s listed (re)insurer Beazley Group plc has promoted group finance director Andrew Horton to take over from Andrew Beazley as its chief executive.
12 June 2008
AJ Gallagher buys Heath Lambert wholesale unit
Arthur J Gallagher International has acquired the Global Business Solutions (GBS) wholesale business from Heath Lambert, The Insurance Insider can reveal.
12 June 2008
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