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  • Marsh Inc has been awarded China’s first Wholly-Owned Foreign Enterprise (WOFE) insurance broking license, the broking giant confirmed last week.
  • Following the shareholders' rejection of IPC Holdings' board-recommended amalgamation with fellow Bermudian reinsurer Max Capital last week, IPC has engaged with Max's bidding rival, Validus Holdings.
  • Following AM Best’s decision to downgrade SCOR to B++ this month, the French reinsurer goes into the key renewal season with its rating below the critical A- from the major agencies.
  • Pamplona Capital Management, the private equity firm that is in a three-horse race to acquire Chaucer Holdings, is considering an offshore special purpose vehicle (SPV) structure to own...
  • Dutch-based insurer ING Group today (18 October) announced that it is exiting its individual life reinsurance business in the US as it continues its strategy to focus on core business, and has signed a co-insurance agreement with Scottish Re to take on th
  • Insurance broker Willis Group Holdings has applauded two US senators for introducing the National Insurance Act of 2007.
  • Marsh UK has published details of its new “model” designed to show greater transparency of its revenue structures after it abolished the controversial Placement Service Agreements (PSAs) last year. The broker says it has the agreement in principle fro
  • Ariel Holdings Ltd’s £193mn swoop for Atrium Underwriting Group last week was a further sign that the stars have aligned for Lloyd’s M&A activity as reinsurers look for growth at a time when rates are falling.
  • The Hartford Financial Services Group has named Liam McGee - former president of the Consumer and Small Business Bank for Bank of America - as its new chairman and CEO.
  • Foreign exchange losses sent PARIS RE to a $129.5mn first quarter net loss under IFRS reporting, against a comparable prior-year period net profit of $35.7mn.