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CMGL to complete D&H Syndicate RITC
Capita CMGL is set to complete the reinsurance-to-close (RITC) transfer of the run-off Duncanson & Holt Syndicate 55 with capital supplied by CarVal Investors LLC, a fund backed by the agribusiness giant Cargill.
25 June 2007
Outgoing Omega CEO $6mn ‘golden goodbye’?
Omega Insurance Holdings' toppled CEO, Richard Tolliday, is in line for a bumper compensation package that could exceed $6mn, The Insurance Insider can reveal.
31 March 2010
McGill’s resignation focuses attention on JLT’s US strategy
The removal of Jardine Lloyd Thompson Group’s chief executive Steve McGill following last Friday’s profits warning (26 November) will again focus attention on the insurance broker’s US expansion strategy.
29 November 2004
TSR predicts active hurricane season
Tropical Storm Risk (TSR), the consortium of experts on insurance, risk management and seasonal climate forecasting, today (15 August) increased its forecast for Atlantic hurricane activity in 2005 by 30 percent.
15 August 2005
US government to sell remaining AIG stock
The US Treasury is set for a final exit from American International Group (AIG) after announcing this afternoon that it has launched an underwriting public offering for its remaining 234.2 million shares in the insurance giant.
11 December 2012
Quinn forced into administration
Ireland's second largest insurer, Quinn Insurance, has been forced into provisional administration by the UK High Court and ordered to cease writing new business in the UK, but Irish policyholders can continue to renew policies.
31 March 2010
Earthquake rocks New Zealand
New Zealand has been hit by an earthquake measuring 6.6 on the Richter scale in the second tremor to affect the country in a month, with no serious damage reported so far
16 August 2013
Munich Re EUR2.7bn record profit driven by investment gains : Reinsurer considers share buybacks as capital surplus grows
Strong investment performance enabled German giant Munich Re to shrug off its hurricane losses and post record profits of EUR2.7bn for 2005, increasing its dividend 55 percent to EUR3.10 as it raised the prospect of an “active capital management”...
20 March 2006
Australian bushfire claims pass $60mn
The bushfires that have torn through Tasmania in the past week have caused losses of around A$49mn ($51.8mn), according to preliminary estimates from the Insurance Council of Australia (ICA).
10 January 2013
Marsh appoints new managing director in FINPRO practice
Global broker Marsh has appointed Carrick Lambert as managing director of the Europe, Middle East and Asia (EMEA) financial institutions industry practice.
28 January 2008
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