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Sagicor annual profits up on Lloyd's acquisition
Sagicor Financial Corporation (SFC) – which acquired Lloyd’s insurer Gerling at Lloyd’s and its Syndicate 1206 last September – has announced an increase in net income to over $100mn in 2007.
07 April 2008
Lloyd's boosts 2007 profit to £3.85bn
Lloyd's has reported a profit of £3.846bn for the 2007 financial year - a 4 percent increase on its 2006 figure of £3.662bn, despite a softening market.
03 April 2008
Lloyd’s faces call to tackle Annual Venture
Lloyd’s is being urged to tackle its complicated capital structure amid a “rare” opportunity to reform the legislation which governs the marketplace.
03 April 2008
3i buys £50mn stake in Hyperion
Venture capital firm 3i has acquired a £50mn stake in the UK-headquartered broking firm Hyperion Insurance Group Ltd, as first revealed by the The Insurance Insider.
02 April 2008
Argo to buy Heritage in £136mn deal
Bermudian Argo Group International Holdings Ltd has agreed a 154p a share cash offer to buy Heritage Underwriting Agency plc in a deal that values the Lloyd’s insurer at £136mn on an ex-dividend basis.
02 April 2008
Xchanging execs cash in with £13.4mn placement
Xchanging management are cashing in investments in the outsourcing firm ahead of changes that effectively increase capital gains tax on 6 April.
02 April 2008
Miller launches Singapore broker
Miller Insurance Services Ltd has launched a Singapore-based broker as it seeks to take advantage of the country’s rapid underwriting growth.
01 April 2008
3i buys stake in Hyperion
Venture capital firm 3i has acquired a stake in the UK-headquartered broking firm Hyperion Insurance Group Ltd, The Insurance Insider can reveal.
01 April 2008
Midland shareholders greenlight Munich deal
Munich Re's acquisition of specialty provider The Midland Company has been approved by the US firm's shareholders.
31 March 2008
Citigroup in $1.66bn Enron settlement
Enron creditors are set to receive a $1.66 billion lawsuit payout after Citigroup Inc agreed a settlement over its responsibility in the energy trading firm's downfall.
31 March 2008
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