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Candover eyes 25 percent stake in Towergate
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.
25 February 2008
Giles Insurance Brokers in £185mn private equity deal
Acquisitive consolidator Giles Insurance Brokers Ltd is being purchased for £185mn by private-equity group Charterhouse Capital Partners, according to reports.
25 February 2008
Catlin closes second Newton Re cat bond
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...
25 February 2008
City Police investigate Indonesia bribery allegations
Allegations of overseas corruption have again led to arrests of London market insurance brokers.
25 February 2008
Florida cat fund u-turn passes key hurdle
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.
25 February 2008
Aon buys Gallagher Re for an estimated $38mn
Aon Corp has bought Chicago neighbour AJ Gallagher & Co's (AJG) reinsurance arm Gallagher Re - in a move first predicted by The Insurance Insider.
25 February 2008
US Court of Appeals rejects Travelers' asbestos settlements
The US Court of Appeals has rejected the asbestos settlements reached by US insurer Travelers Cos with policyholders in March 2006.
25 February 2008
Police arrest Willis energy duo over alleged fraud
City police are again investigating allegations of overseas corruption in connection with London market insurance brokers.
22 February 2008
Fairfax trades credit crisis to own advantage
Canadian conglomerate Fairfax Financial Holdings reported record 2007 results fuelled by investment income of $1bn driven by credit default swaps (CDS) tied to US financial groups and bond insurers.
22 February 2008
Willis: 'police not investigating us'
Willis has confirmed that it is not being investigated by the City of London Police over allegations of wrongdoing relating to Indonesian energy business.
22 February 2008
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