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  • The elusive value of acquisitive intermediary Towergate Partnership could be starting to crystallise after reports that executive chairman Peter Cullum is in talks to sell a 25 percent stake to a private equity group.
  • Acquisitive consolidator Giles Insurance Brokers Ltd is being purchased for £185mn by private-equity group Charterhouse Capital Partners, according to reports.
  • Catlin Group Ltd has closed its latest Newton Re cat bond transaction, as reported in our sister publication Trading Risk, with $150mn of 2008-1 Class A principal at risk variable notes affording three years of protection against...
  • Allegations of overseas corruption have again led to arrests of London market insurance brokers.
  • A scaling back of the Florida Hurricane Catastrophe Fund (FHCF) looks closer after legislation cleared its first hurdle in the state's House of Representatives last Thursday.
  • Aon Corp has bought Chicago neighbour AJ Gallagher & Co's (AJG) reinsurance arm Gallagher Re - in a move first predicted by The Insurance Insider.
  • The London market has moved a step closer to eliminating paper from premium processing, according to the Market Reform Group (MRG).
  • A change to the jury last week has caused a delay in reaching a verdict in the trial of Gen Re and American International Group (AIG) executives over an allegedly sham finite reinsurance contract.
  • Munich Re beat its increased profit projections for 2007 as it booked a consolidated result of EUR3.9bn for the year, up 11.9 percent on 2006.
  • Swiss Re has joined a growing pool of major market players setting up as admitted carriers in the deregulated Brazilian market.