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Omega Names buyout offer 'opportunistic masterstroke'
Market experts have described Lloyd's underwriter Omega's £50mn-£125mn offer to buy-out Names' capacity on its flagship Syndicate 958 as a shrewd move to utilise its excess capital.
08 June 2009
Tokio appoints new marine underwriting chief
Tokio Marine has promoted Wayne Krause to the position of European head of marine underwriting.
17 September 2013
Margins fall by a third at JLT Re
Another year of strong organic growth from Jardine Lloyd Thompson Group (JLT)'s insurance operations was marred by its reinsurance arm, where trading margins dropped by more than a third
05 March 2013
Money doesn't talk - it swears - David Schiff looks at executive overcompensation
Dick Grasso, who by most accounts did a good job of running the NYSE, was forced from his position because he was paid so much that it became an embarrassment to his organization and to the board of directors that paid him so much money. David D 'Aless
01 October 2003
WTC rebuild set for expensive overrun
The rebuilding of the World Trade Center site that was devastated in the 9/11 terrorist attacks will not be completed until the middle of the next decade and may run up to $3bn over budget, according to reports.
30 June 2008
Howden recruits Benfield’s US wholesale team
London market broker Howden, a subsidiary of private-equity backed Hyperion Insurance Group, agreed the transfer of Benfield Corporate Risk’s (BCR) John Plummer-led US wholesale property and casualty team, as predicted by The Insurance Insider.
01 December 2008
Insider Comment
Lloyd’s gatekeeper Rolf Tolle has to tread a fine line between allowing fresh start-ups across his threshold and being too restrictive. To ensure vibrancy, the market needs fresh blood but too much can lead to downward rating pressures and excessive compe
17 November 2006
AWAC to draw down $250mn
Bermudian (re)insurer Allied World Assurance Company Holdings Ltd (AWAC) plans to borrow $250mn from a $400mn revolving credit facility.
24 November 2008
Brokers' profits suffer
Broking giants count cost of Spitzer JLT blames Risk Solutions for sluggish performance Benfield posts flat profits but sees growth in primary markets MMC culls a further 2500 jobs to cut costs
17 March 2005
Freshfields report: Marsh Ltd’s clients were steered but not prejudiced
All leave had been cancelled for Marsh Ltd’s London brokers at the end of last week as the firm steeled itself for the results of the investigation into its London market practices, but in the end the Freshfields Bruckhaus Deringer-produced 12-page report
06 December 2004
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