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LMBC elects new chairman
Aon Limited deputy chairman Jonathan Palmer-Brown has been elected as chairman of the London Market Insurance Brokers’ Committee (LMBC).
27 March 2008
Gallagher completes reinsurance sale
US broker Arthur J Gallagher & Co has completed the $40mn divestment of its reinsurance arm to Aon Corp.
27 March 2008
Hiscox extends SME offering
Bermuda-headquartered Lloyd's (re)insurer Hiscox Ltd has teamed up with brokers Allison & Partners (A&P) to launch INSPIRE, providing specialist cover targeted at specialising in UK and European small to medium-sized businesses (SME).
25 March 2008
AIG in $13.5mn settlement with Pennsylvania regulator
US giant American International Group (AIG) has confirmed that it has paid $13.5mn in settlement with the Pennsylvania Insurance Department.
25 March 2008
Cusack promoted to Aspen COO
Aspen Insurance Holdings Limited has promoted Julian Cusack to chief operating officer.
25 March 2008
Ironshore enters healthcare liability
Bermudian insurance group Ironshore Inc has launched IronHealth to write healthcare liability business, as it continues to grow its professional liability US-based subsidiary IronPro.
25 March 2008
Generali focuses excess capital on acquisitions
Italian insurance giant Generali will utilise its EUR3.2bn excess capital to target acquisitions next year, the firm announced.
25 March 2008
Greenlight bounces back from investment loss
Cayman Islands-based Greenlight Capital Re bounced back to profit in the final quarter of the year after its third quarter result was decimated by a $21.4mn investment loss.
25 March 2008
Brokers open up the Middle East
Major brokers Marsh and Willis Group Holdings are opening offices in the Middle East as the region continues to attract interest from the industry.
25 March 2008
Chubb, XL, HCC and AIG on Bear Stearns D&O cover
Chubb insures the primary layer of the Marsh-placed $75mn directors' and officers' (D&O) programme for beleaguered investment bank Bear Stearns, our sister title The Insurance Insider revealed last week.
25 March 2008
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