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Guy Carpenter's M&A team facing demerger following global restructure
Guy Carpenter & Co's newly formed M&A advisory team is understood to be leaving the reinsurance intermediary, following news of the firm's major restructuring first reported by The Insurance Insider earlier this month.
28 April 2008
Dinallo in talks with SCA over capital raising
New York State insurance superintendent Eric Dinallo is in talks with XL Capital’s troubled affiliate Security Capital Assurance Ltd (SCA) over its capital raising plans.
28 April 2008
WR Berkley recruits former Brit underwriting exec
Former Brit Insurance CEO of global markets Mike Sibthorpe is to join rival US-based WR Berkley, The Insurance Insider can reveal.
28 April 2008
RBS UK motor dominance may rule out bidders
Controlling a third of any market place gets regulators uneasy, especially in a sector as unpopular among consumers as insurance.
28 April 2008
XL earnings halve in Q1 2008
Bermudian (re)insurer XL Capital Ltd reported a 49 percent drop in net income for the first quarter 2008 on the prior-year period, to $276.9mn or $1.57 per ordinary share.
28 April 2008
Expansive Cooper Gay mulls IPO for investor exit
Cooper Gay, the London-headquartered broker currently in talks to buy Heath Lambert's wholesale operations, is mulling the possibility of an initial public offering (IPO) as early as this year, according to reports.
28 April 2008
Alpha Re and Benfield poach prestigious Royal Palm account
The start-up reinsurance intermediary Alpha Re has landed a $9mn property catastrophe account from larger rival Guy Carpenter & Co.
28 April 2008
RIMS: Brokers see fees overtake commissions
As an estimated 10,000 delegates converge on San Diego for 2008's Risk and Insurance Management Society's (RIMS) conference, fresh evidence has emerged of how brokers' revenue models are being transformed amid pressure from buyers and regulators.
28 April 2008
2008 losses send Advent to £5.5mn 1Q loss
Lloyd’s (re)insurer Advent Capital Holdings plc fell to a first quarter pre-tax loss of £5.5mn as it was hit by the succession of heavy industrial catastrophe losses this year, together with deterioration on the 2005-07 underwriting years.
28 April 2008
Zurich expands M&A office
Zurich Financial Services Group has grown its M&A practice through the opening of a London office.
28 April 2008
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