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Lloyd's confirms 2008 capacity at £15.95bn
Lloyd’s has confirmed underwriting capacity at 1 January 2008 of £15.95bn, only fractionally down on the £16.1bn the market began 2007 with.
28 January 2008
Zurich enters Turkish market; Blair joins
Zurich Financial Services Group has bought Turkish general insurer TEB Sigorta from TEB Mali Yatirimlar.
28 January 2008
Marsh appoints new managing director in FINPRO practice
Global broker Marsh has appointed Carrick Lambert as managing director of the Europe, Middle East and Asia (EMEA) financial institutions industry practice.
28 January 2008
Aon Re Global Fac appoints head of strategy
Aon Re Global Fac has appointed Oliver Schofield as head of global strategy and a member of its executive committee.
28 January 2008
Aon replaces UK mid-market head
Robert Brown has been appointed head of Aon's UK mid market business following the exit of John Thornton - a role in a competitive sector...
28 January 2008
AIG rescues $2.5bn SIV
American International Group became the latest financial institution to bail-out a structured investment vehicle (SIV) when it came to the rescue of its $2.5bn vehicle, Nightingale Finance.
28 January 2008
Towergate continues acquisition spree
UK consolidator Towergate Partnership has bought Scottish broker, McAra Associates Ltd, together with the mortgage payment specialist, British Insurance.
28 January 2008
Markel sets new earnings record in 2007
Specialty insurance group Markel Corporation has improved on last year's record performance despite seeing its combined ratio rise, it reported in its 2007 results.
28 January 2008
Gen Re judge denies mistrial motion
The judge in the trial of five executives charged with transacting an allegedly sham finite reinsurance contract between General Re and American International Group (AIG) rejected the defence's motion for a mistrial last week.
28 January 2008
SocGen fraud not covered by rogue trader policy: sources
The biggest fraud in investment banking history, at French bank Société Générale, is unlikely to translate into a large insured loss because it did not buy unauthorised trading cover, according to senior market sources.
28 January 2008
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