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Legacy M&A continues with $90mn GoshawK swoop
The purchase of failed UK listed (re)insurer GoshawK for £45.7mn ($90.3mn) by acquisitive Bermudian run-off specialist Enstar Group Ltd is the third significant acquisition by the firm this year.
23 June 2008
Half a million UK homes could be 'uninsurable', says ABI
As many as 500,000 homes in the UK could become uninsurable unless the Government takes action to protect them, according to the Association of British Insurers (ABI).
23 June 2008
SCOR locates Americas hub
French reinsurer SCOR has revealed that it will be launching its Americas "hub" in New York where it aims to serve North and South America, including Central America, the Caribbean and Mexico.
23 June 2008
Financial institutions top captives retain greatest risk
Captive operations owned by financial institutions are less likely to take out reinsurance than those belonging to other sector groups, according to a report by Marsh.
23 June 2008
Hannover Re agrees Indian life JV
German reinsurer Hannover Re has reached an "exclusive agreement" with Indian reinsurer GIC Re to develop and underwrite life reinsurance business in India, the group has announced.
23 June 2008
London market underestimates rate softening
Around three-quarters of London market insurers believe they will underestimate the impact of rate softening, according to a report from Ernst & Young (E&Y).
23 June 2008
Aon opens Middle East HQ in Dubai
Aon Corp's Middle East division has opened a regional headquarters in the Dubai International Finance Centre (DIFC), after being granted a license to operate within the DIFC.
23 June 2008
UK insurers' claims performance to be benchmarked
The Association of Insurance and Risk Managers (AIRMIC) is to publish an index which will allow its members to assess how insurers pay claims.
23 June 2008
RMS launches risk trading platform
Risk modelling firm Risk Management Solutions (RMS) aims to boost investment in the insurance linked securities (ILS) market with an electronic ILS portfolio management platform.
23 June 2008
Marsh UK announces new CFO
Angus Cameron is to join Marsh as CFO of its UK operations, parent company MMC confirmed last week.
23 June 2008
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