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  • Liberty Mutual Group is to acquire rival Safeco Corporation in a sale worth $6.2bn after the boards of both companies reached a sale agreement.
  • After 10 years at the company, Mike Sibthorpe, Brit Insurance CEO of global markets is to leave the firm, The Insurance Insider can reveal.
  • (Re)insurance broker Willis Group Holdings has announced the launch of a new tool which will allow clients to rate and compare carriers on standards such as claims settling and policy administration.
  • UK financial services group Prudential Plc has delivered a 13 percent increase in new business, at £729mn for the first quarter of 2008, despite a "challenging" economic environment.
  • Integro Insurance Brokers is due to make two new appointments to boost its London platform.
  • FGIC Corp is trying to woo investors to back a proposed new AAA-rated bond insurance business as it looks at strategic options in an attempt to secure its future.
  • Former Wells Fargo executive LoriAnn Lowery has been appointed by Lloyd's as its new president of North America.
  • Lloyd's insurer Omega Insurance Holdings Ltd announced last week that it had terminated talks with potential suitors interested in acquiring the company.
  • Analysts and investors will scour XL Capital's first quarter financials tomorrow for further guidance on the Bermudian's exposure to the sub-prime fallout, as well as the potential impact from the spate of large risk losses hitting the sector in the perio
  • The Texas Windstorm Insurance Association (TWIA) is set to buy an additional $500mn of reinsurance cover for the 2008 hurricane season as it responds to increased coastal exposure.