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Omega shares up nearly 10 percent on takeover talks
Shares in Lloyd’s (re)insurer Omega Insurance Holdings have soared by nearly 10 percent after the firm announced it was in talks over its potential sale.
07 February 2008
Aspen shares soar on record results
Shares in Bermudian (re)insurer Aspen Insurance Holdings ltd have jumped by more than 10 percent in early trading after the group’s record full year net income rose by nearly a third on the same 2006 period.
07 February 2008
Willis organic growth disappoints analysts
Despite reporting strong earnings, broker Willis Group disappointed analysts with its lack of organic growth for the fourth quarter.
07 February 2008
Aon to undergo major restructuring; McGill and Devine to head new global retail business
Aon Corp is set to unveil a major restructuring which will see the formation of a new global retail business led by Steve McGill, the current head of the firm’s Americas division, The Insurance Insider can reveal.
07 February 2008
Munich Re sets up admitted carrier in liberalised Brazil
The deregulated Brazilian (re)insurance industry is set to welcome its latest admitted carrier, German giant Munich Re which is setting up a subsidiary in São Paulo.
06 February 2008
Amlin’s Holt takes leave of absence
Amlin’s well-regarded head of underwriting has taken a leave of absence from the Lloyd’s insurer because of ill-health.
06 February 2008
XL and ACE report contrasting fortunes
Bermudian XL Capital has reported fourth quarter earnings in line with last month’s sub-prime loss fuelled profits warning, but analysts continue to focus on uncertainty surrounding the troubled (re)insurer.
06 February 2008
SocGen suit may hit D&O
The biggest fraud in investment banking history, at French bank Société Générale, may still result in a loss for the bank's insurers, as employee shareholders filed a lawsuit against unnamed directors at the firm.
04 February 2008
AJ Gallagher shares buoyed by imminent reinsurance sale
Shares in AJ Gallagher & Co traded up last week after the company revealed it was divesting its reinsurance unit.
04 February 2008
Cooney returns with Aon Capital Markets role
Aon Corp has hired the former Max Re chief executive Bob Cooney as managing director of its Capital Markets division, the unit which provides structured finance and capital markets products to the (re)insurance industry.
04 February 2008
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