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Plumeri mulls spectacular MMC deal
Crystal ball-gazers of broker M&A activity have long predicted that Joe Plumeri has at least one major deal in him before he steps down at Willis Group and it could prove to be a spectacular one.
17 January 2008
Roberts leaves Aon for rival
Nigel Roberts has joined Willis after leaving Aon Ltd last year.
16 January 2008
Canopius launches Irish structured reinsurance unit
Private equity-backed Lloyd’s insurer Canopius Group Ltd is continuing its expansion strategy with a Dublin-based operation that will initially specialise in structured reinsurance.
16 January 2008
Allstate suspended from writing new Florida business
Florida insurance commissioner Kevin McCarty has suspended Allstate Companies from writing new business in the state after accusing the US insurer of failing to provide subpoenaed documents at a hearing into its Florida activities.
16 January 2008
THB pulls out of PWS deal
Specialist broker THB Group plc has pulled out of talks with PWS Holdings plc over the acquisition of PWS’ Lloyd’s business and overseas interests.
15 January 2008
Benfield US CEO Paul Karon sells shares
Paul Karon - the CEO officer of reinsurance intermediary Benfield’s US division - has sold more than half his stock in the company.
15 January 2008
Batchelor returns to UK as part of Marsh reshuffle
David Batchelor, Marsh’s head of Asia Pacific, is to return to the UK as CEO of its operations in Europe, the Middle East and Africa (EMEA) as the broker’s new CEO Dan Glaser continues to reshuffle his team.
15 January 2008
Amlin premiums down 7 percent at 1/1
Lloyd's insurer Amlin plc has seen its premium income drop 7 percent so far at the January renewals reflecting weaker market conditions.
14 January 2008
Analyst upbeat on R&Q after Bermuda launch
Stockbroker Equity Development are upbeat about Randall & Quilter Investment Holdings (R&Q)'s prospects following its recent initial public offering and approval to establish a Bermudian reinsurer, R&Q Re (Bermuda) Ltd.
14 January 2008
UK insurance valuations still ahead of transatlantic rivals; M&A set to continue
Despite falls in UK insurance stocks over the last six months, valuations broadly remain ahead of their US and Bermudian property casualty counterparts, according to research by Numis Securities.
14 January 2008
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