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3i buys stake in Hyperion
Venture capital firm 3i has acquired a stake in the UK-headquartered broking firm Hyperion Insurance Group Ltd, The Insurance Insider can reveal.
01 April 2008
Midland shareholders greenlight Munich deal
Munich Re's acquisition of specialty provider The Midland Company has been approved by the US firm's shareholders.
31 March 2008
Citigroup in $1.66bn Enron settlement
Enron creditors are set to receive a $1.66 billion lawsuit payout after Citigroup Inc agreed a settlement over its responsibility in the energy trading firm's downfall.
31 March 2008
Silverstein claiming $12.3bn from airlines
World Trade Center developer Larry Silverstein, who already successfully claimed $4.55bn from (re)insurers following the 11 September attacks, is seeking a further $12.3bn in damages from airlines and airport security companies.
31 March 2008
Broker consolidation to continue despite credit crunch
Lloyd's brokers expect consolidation to continue over the next three years, despite the majority expressing concern that the credit crunch would impact broker valuations.
31 March 2008
S&P warns on Swiss Re's missing business
Ratings agency Standard & Poor's (S&P) has sounded a note of caution over disciplined underwriting based on the amount of "under priced" business picked up by the market in the aftermath of Swiss Re's 12 percent reduction...
31 March 2008
Analyst bullish on Omega's prospects
Shares in Bermuda-based Omega Insurance Holdings "justify a premium rating" regardless of takeover bid speculation, according to Numis Securities analyst Nick Johnson.
31 March 2008
Towergate 'over-priced' after £800mn sale talks collapse
The breakdown of stake holding talks between Towergate and private equity group Candover is likely to be a result of the insurance intermediary's over-valuation, according to an investor source.
31 March 2008
IG fights back over Aon P&I criticisms
The International Group of P&I (protection & indemnity) Clubs (IG) has fought back over criticisms by broker Aon of its reinsurance renewal.
31 March 2008
Energy losses wipe out (re)insurers' profits
This year's onshore energy losses have wiped out the profits made by (re)insurers that have enjoyed the post-2005 hard market, according to a report by broker Lloyd & Partners.
31 March 2008
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