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Heritage raises £14.6mn
AIM-listed Heritage Underwriting Agency plc announced on 24 November that it has raised £14.6mn in a share placement.
27 November 2006
Richard Brindle to launch $700mn+ Bermudian Lancashire
Former Lloyd’s underwriter Richard Brindle is to set up a new Bermudian (re)insurer to target the post hurricanes rating environment.
07 November 2005
Aon settles for $190mn as regulators air allegations
As predicted in the February edition of The Insurance Insider, Aon Corp has struck a nationwide agreement with US regulators to settle the bid-rigging, kickback and steering investigations into the broking giant.
07 March 2005
AIG close to $2bn motor deal with Zurich: reports
American International Group (AIG) is close to selling its US motor insurance business to Zurich Financial Services (Zurich) in a deal worth between $1.5bn and $2bn, according to reports.
16 April 2009
Risk is an opportunity – Case
It is imperative that the insurance industry not only understands risk, but thinks of it as an opportunity, according to Aon president and CEO Greg Case.
26 February 2007
IAG bids high to secure UK motor presence
Insurance Australia Group’s determination to buy UK motor insurer Equity led to the firm paying around 10 percent more than it had initially bid, The Insurance Insider can reveal.
12 December 2006
Activist hedge fund builds 5% Willis stake
US hedge fund ValueAct Capital has now built a 5 percent stake in Willis Group, regulatory filings show.
07 September 2010
AIG's 'Hostile' Takeover Attempt for American General - Is AIG’s Stock Too High? Ask’s David Schiff
On 3 April 2001, after the market had closed, AIG announced an unsolicited $46-per share offer to acquire American General in a $23bn stock transaction - a 25 percent premium over the closing price. One wouldn't go so far as to call Hank Greenberg a co
01 May 2001
Aon’s Ryan points to post-Spitzer opportunities
Aon’s retiring chief executive Patrick Ryan has called upon the insurance industry to implement reform to reclaim the trust of its clients in the wake of New York attorney general Eliot Spitzer’s investigation into alleged price fixing.
08 November 2004
LMA appoints motor manager
The Lloyd's Market Association (LMA) has appointed David Powell as motor manager, replacing the retiring Roger Jones.
26 June 2006
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