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  • 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
  • Moody’s and AM Best have respectively assigned A3 and BBB+ ratings to ACE INA’s proposed $500mn senior unsecured debt issue, announced last Wednesday (3 June).
  • Finite Re spectre at Max Re; AXA securitises EUR350mn of life mortality risk; Hannover Re gets China approval for life; Oil spills after downgrade; ZFS boosts UK asbestos reserves by $500mn...
  • Omega Insurance Holdings Ltd has bucked the recent trend of profit decreases and losses shown by (re)insurers in the first half of the year after reporting a 34 percent increase in post-tax profits.
  • Jubilee has received Lloyd's approval to merge its motor and property and personal line syndicates, as first revealed by The Insurance Insider in November last year.
  • Bermuda-based (re)insurer Arch Capital Group has received approval in principle from the Lloyd's Franchise Board and UK regulator the Financial Services Authority (FSA) to establish a new managing agent and syndicate at Lloyd’s.
  • Former Lloyd’s underwriter Richard Brindle is to set up a new Bermudian (re)insurer to target the post hurricanes rating environment. According to sources, the new (re)insurer will be called Lancashire – the county of Brindle’s birth – and will...
  • Aon Corp unveiled a significant restructuring of its senior international management last month which saw Steve McGill, the former JLT Group chief executive, become the head of a newly created Aon Global division.
  • Despite unveiling interim results that continue to show improving underwriting performance, Royal & Sun Alliance (R&SA) disappointed analysts and rating agencies last week with news of further deterioration of its US business and a potential £800mn to sho
  • The competitive trading conditions for insurance broking overshadowed Jardine Lloyd Thompson Group plc's (JLT) 2006 results this morning (5 March) where the theme of declining rates and the weak dollar was paramount.