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RSA sells legacy unit to Enstar
RSA has sold Guildhall Insurance Company to Enstar Group in a move that continues the group’s disposal of its legacy business.
10 March 2008
Ince promotes new heads
Insurance specialist law firm Ince & Co has made a number of senior appointments following the decision of senior partner Peter Rogan to step down this month.
10 March 2008
D&O claims on £50mn Northern Rock policy
As Ron Sandler, chairman of Bermudian insurer Ironshore Ltd and the former CEO of Lloyd's, takes the helm at newly nationalised UK bank, Northern Rock, the bank's directors' and officers' (D&O) policy looks set for a total loss.
10 March 2008
Munich Re poised to launch European windstorm cat bond
German reinsurance giant Munich Re is approaching the capital markets for the second time in a month, with a EUR150mn European windstorm cat bond, Queen Street, our sister publication Trading Risk revealed.
10 March 2008
Amlin moves reinsurance account
Benfield has lost part of the prized Amlin reinsurance account to rivals Aon and Guy Carpenter, The Insurance Insider understands.
10 March 2008
Carvill CEO relocates to Bermuda
John Cavanagh, joint CEO of reinsurance intermediary RK Carvill, has moved to Bermuda in a bid to increase the firm's distribution on the island and further expand into the US market.
10 March 2008
Fairfax accused of $400mn tax evasion as bitter conspiracy dispute continues
A New York-based hedge fund is continuing its counterclaim against Fairfax Financial Holdings, accusing it of avoiding paying $400mn in taxes, despite a judge dismissing it from the Canadian firm's racketeering lawsuit.
10 March 2008
Lloyd's Act reform proposes cross-ownership once again
Lloyd's brokers and underwriters will once again be allowed to invest and own each other if proposals to amend the Act governing the market are ratified later this year.
10 March 2008
Matanle joins Lehman Brothers venture
Stephen Matanle, the long-standing Marsh executive who left the firm last month as part of a widespread restructuring, has joined Libero Ventures Ltd, the new Lehman Brothers subsidiary.
10 March 2008
Aon to step down from Indonesian energy accounts following corruption allegations
Brokers are becoming embroiled in the West’s growing scrutiny over overseas business standards
10 March 2008
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