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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
Gallagher Re up for sale
Difficult trading prospects are believed to have forced US broker Arthur J Gallagher & Co to put its reinsurance subsidiary up for sale – just three years after it was set up, The Insurance Insider can reveal.
17 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
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
Roberts leaves Aon for rival
Nigel Roberts has joined Willis after leaving Aon Ltd last year.
16 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
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
Asbestos liability (re)insurer in Bermuda launch
Bermudian corporate asbestos liability risk reinsurer St George Re is set to begin trading offering US companies protection against asbestos claims, the company confirmed.
14 January 2008
Aon makes new Willis construction appointment
Aon Corporation has made another significant US construction hire from rival Willis with the appointment of Mary Ann Krautheim as national client strategy officer.
14 January 2008
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