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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
ACE INA $500mn debt issue rated
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).
07 June 2004
International News Digest
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...
17 November 2006
Profits up at Omega
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.
09 September 2008
Jubilee syndicate merger approved
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.
10 February 2010
Arch confirms 2009 Lloyd's launch; RenRe next?
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.
26 January 2009
Richard Brindle to launch $700mn+ Bermudian start-up insurer Lancashire
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...
03 November 2005
McGill takes Aon Global role
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.
13 February 2007
US deterioration continues to blight R&SA
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
08 September 2003
Weak dollar hits JLT profits
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.
05 March 2007
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