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Liberty Mutual to acquire US rival in $6.2bn deal
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.
23 April 2008
Brit underwriting chief resigns
After 10 years at the company, Mike Sibthorpe, Brit Insurance CEO of global markets is to leave the firm, The Insurance Insider can reveal.
22 April 2008
Willis to grade (re)insurers
(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.
22 April 2008
Asia spurs 13 percent new business growth at Pru
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.
21 April 2008
Integro boosts London platform
Integro Insurance Brokers is due to make two new appointments to boost its London platform.
21 April 2008
FGIC seeks investors for AAA bond insurer start up
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.
21 April 2008
Lloyd's appoints North America chief
Former Wells Fargo executive LoriAnn Lowery has been appointed by Lloyd's as its new president of North America.
21 April 2008
Omega breaks off sale talks
Lloyd's insurer Omega Insurance Holdings Ltd announced last week that it had terminated talks with potential suitors interested in acquiring the company.
21 April 2008
Heightened scrutiny as XL prepares to report Q1 figures
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
21 April 2008
Texas wind pool looks for extra $500mn reinsurance cover
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.
21 April 2008
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