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Marsh receives China license
Marsh Inc has been awarded China’s first Wholly-Owned Foreign Enterprise (WOFE) insurance broking license, it announced yesterday (22 January).
23 January 2007
Hannover Re to credit swap reinsurance recoverables in landmark deal
Hannover Re is set to enter a landmark financial transaction that will lay off credit risk on its reinsurance recoverables to the capital markets, a move first revealed by The Insurance Insider in January last year.
31 January 2007
S&P to launch run-off ratings
Rating agency Standard & Poor’s (S&P) is launching a new set of ratings for the run-off sector to indicate the expectation of recovering the principal from (re)insurers.
27 February 2007
Worst start for cat losses in 10 years
An exceptionally heavy first half for earthquakes and storms has generated a record $22bn of insured losses from natural catastrophes, according to figures compiled by Munich Re.
12 July 2010
Chaucer hires international binders team
Lloyd’s insurer Chaucer announced today (29 November) it had hired a new international binders underwriting team for the property division of its Syndicate 1084, with William Alderton at the helm.
29 November 2004
Cooper Gay secures £30mn debt facility for M&A warchest
London-headquartered (re)insurance broker Cooper Gay & Co Ltd secured £31.6mn of new funding last week which may help the fast-expanding group finance new acquisitions.
21 July 2008
MMC CFO leaves for Google
Marsh & McLennan (MMC) CFO and executive vice president Vanessa Wittman has resigned to take up a senior role at Google in late March
05 March 2012
BP reaches $7.8bn settlement agreement
BP's share price climbed by around 2 percent in early trading this morning (5 March) on news of a $7.8bn settlement with individuals and businesses affected by the 2010 Deepwater Horizon incident
05 March 2012
Berkshire Hathaway’s reputation could be hit by Sokol affair, says S&P
Berkshire Hathaway's carefully cultivated reputation for ethical behaviour could be dented by David Sokol's departure, warned ratings agency Standard & Poor's (S&P).
11 April 2011
Munich Re edges closer to buying out Names
Munich Re's Lloyd's insurer, Beaufort, has edged closer to the 90 percent ownership threshold of Syndicate 318 that allows a mandatory offer for its remaining third-party capital.
04 October 2010
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