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Kiln swoops for Advent underwriter
Lloyd's (re)insurer Advent Underwriting Ltd lost its chief underwriting officer Lloyd Tunnicliffe to rival Kiln last week.
14 April 2008
Berkshire bond insurer gets AAA rating
Standard & Poor's (S&P) has granted AAA ratings to Berkshire Hathaway's start-up bond insurer.
14 April 2008
Reinsurer to purchase 10 percent stake in British Islamic start-up
Malaysian reinsurer MNRB Holdings Berhad has announced it is to purchase a 9.99 percent stake in British Islamic Insurance Holdings Ltd (BIIH).
14 April 2008
Brit AMC-14 satellite loss limited
Brit Insurance's exposure to the AMC-14 satellite that failed to reach its planned orbit last month is limited to $12mn before reinsurance, according to Numis Securities analysts.
14 April 2008
Gallagher Singapore MBO completed
The management buy-out of Gallagher Re's Singapore subsidiary led by Richard Austen - as first revealed in The Insurance Insider in February - has been completed.
14 April 2008
Dresdner sale would ‘end drag’ on Allianz
Analysts have welcomed reports that Russia’s largest bank Sberbank is considering buying Allianz unit Dresdner Bank’s investment banking business.
11 April 2008
Guy Carpenter to axe 350 jobs
Guy Carpenter & Co is preparing to cut around 13 percent of its global workforce, as the reinsurance intermediary responds to the tough market conditions, The Insurance Insider can reveal.
11 April 2008
R&SA continues legacy disposal with Codan portfolio sale
Royal & SunAlliance (R&SA) has continued the disposal of its legacy business with the sale of two run-off portfolios in its Scandinavian subsidiary Codan to Wasa Run-Off.
11 April 2008
Buffett builds Munich Re stake
Berkshire Hathaway has bought one million shares in German giant Munich Re in the last six months, according to reports.
10 April 2008
PCI warns of deteriorating US P/C profits
A slump in underwriting results in the US property/casualty insurance industry dented its profitability last year, according to Insurance Services Office (ISO).
10 April 2008
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