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Acquisitive appetite for R&Q despite increased competition
Despite increased competition in the run-off sector and turbulence in the international credit markets, run-off specialist Randall & Quilter has revealed that there are still a number of business prospects it plans to explore.
21 July 2008
D-day approaches in RBS auction
As D-day approaches for the protracted auction of RBS' Insurance operations there are now thought to be just three insurers firmly in the running.
21 July 2008
Wuba subsidiary set for German run-off sale
A landmark run-off transaction expected to come to market next month is understood to involve a subsidiary of Wurttembergische und Badische Versicherungs-AG (Wuba), The Insurance Insider can reveal.
21 July 2008
AM Best boosts Hannover Re ratings on earnings strength
Hannover Re has received its second ratings boost this year as AM Best upgraded its issue credit rating from A to A+ and affirmed its A financial strength ratings with a positive outlook.
17 July 2008
New Willis Re chairman named
Willis Group Holdings has announced the appointment of Gary Schmalzriedt as the chairman of its reinsurance brokerage, Willis Re.
16 July 2008
Swiss Re shares fall on Freddie, Fannie exposure
Swiss Re shares fell to a 52-week low of SFr56.50 on the announcement of a $9.6bn exposure to the debt of US mortgage financiers Freddie Mac and Fannie Mae today (16 July).
16 July 2008
AIG hit by fresh writedown concerns
American International Group (AIG) was among a number of financial companies in the US to be hit by fresh concerns over financial health, in a tough day of trading for the international equity markets.
16 July 2008
Cooper Gay in Xchanging outsourcing deal
London market independent (re)insurance broker Cooper Gay & Co Ltd is in talks with Xchanging over a deal to outsource a number of business back office functions, The Insurance Insider can reveal.
16 July 2008
UK motor rate increases buoy sector
UK motor underwriters were buoyed by the news that average premiums increased in the second quarter after reporting falling rates for the first quarter, according to the AA's Insurance Index.
16 July 2008
Marsh UK parts company with another senior exec
Broking giant Marsh has parted company with Artur Niemczewski, CEO of its UK multinational division, The Insurance Insider can reveal.
15 July 2008
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