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Cooper Gay in advanced talks to buy Heath Lambert wholesale arm
(Re)insurance broker Cooper Gay & Co Ltd is in advanced talks to acquire the wholesale operations of Heath Lambert Group, The Insurance Insider can reveal.
21 April 2008
Large risk losses to hit Munich Re Q1 results
Munich Re warned its first quarter profits are likely to be down on last year’s, following “major losses” in the first three months of 2008.
17 April 2008
Brazil deregulates reinsurance market; Lloyd's receives first admitted license
Lloyd's has become the first admitted reinsurer in Brazil, following deregulation of the country's reinsurance market.
17 April 2008
Omega breaks off takeover talks
Lloyd’s insurer Omega has terminated talks with potential suitors interested in acquiring the company, the firm has announced.
16 April 2008
$30-50bn loss to halt property cat reinsurance softening: Aon
At current pricing levels, it would take a $30-50bn ground-up property loss to reverse the slide in property cat reinsurance rates, according to Aon Re Global.
15 April 2008
IAG rejects QBE 'takeover' approach
Insurance Australia Group (IAG) has rejected two merger proposals by rival QBE Insurance Group claiming the offer price is "inadequate".
15 April 2008
Market responds to corporate manslaughter Act
The introduction of new laws in the UK covering corporate manslaughter has prompted one insurer to revamp its existing offering.
14 April 2008
Cadwalader reinsurance chief departs for DLA Piper
Lawrence Brandes, the head of Cadwalader Wickersham & Taft's reinsurance practice, has left the law firm to join rival DLA Piper in New York.
14 April 2008
Erinaceous goes into administration
Erinaceous Group Plc has announced it will be selling its insurance division, Erinaceous Insurance Services Ltd, to one of its lenders after entering into administration.
14 April 2008
Russian Sberbank 'considering' Dresdner approach
Analysts have welcomed reports that Russia's largest bank Sberbank is considering buying Allianz unit Dresdner Bank's investment banking business.
14 April 2008
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