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Further capital repatriation likely in 2008
As well as cutting 2008 capacity on Lloyd's syndicates, a number of the market's listed insurers have already begun to hand capital back to shareholders - a pattern likely to continue this year...
14 January 2008
Aon denies exodus at natural resources unit
The departures from Aon Natural Resources & Construction in London has continued with a number of key staff tendering their resignations recently, including Derek Thrumble.
14 January 2008
Peltz makes presence felt
Cherkasky departure linked to activist; break-up pressures grow (again)
14 January 2008
Reinsurance prices continue to slide
Competition has forced reinsurance rate reductions of up to 15 percent at 1 January as the industry shows signs of reverting to its historic pattern of "feast and famine", according to leading market players.
14 January 2008
US plea bargains raise indemnity and D&O exposures, warns Marsh
UK executives have been warned about the impact US plea bargains could have on indemnity and directors’ and officers’ (D&O) insurance.
14 January 2008
Dewey & LeBeouf opens Dubai office
Recently merged New York law firm Dewey & LeBoeuf LLP has opened an office in Dubai, with a primary focus on corporate finance.
14 January 2008
Kiln extends marine reach with agency acquisition
Lloyd's (re)insurer RJ Kiln & Co has strengthened its international network of marine and cargo business with the acquisition of The International Marine (Underwriting Agency) Limited (IMUA).
14 January 2008
Guy Carpenter to open Prague office
Reinsurance broker Guy Carpenter is to set up an office to capitalise on the growing central and eastern European market.
14 January 2008
Alea to book $8.8mn hit following major commutation
Run-off (re)insurer Alea Group Holdings has agreed to "fully and finally" commute all exposures under an excess-of-loss reinsurance treaty which will see the firm record a net loss of around $8.8mn in the 2007 fourth quarter.
14 January 2008
Champion takes up role at RFIB
Ex-Heath Lambert executive Hugh Champion has taken up his new post as director of rival broker RFIB Group Ltd, after leaving the up-for-sale broker last year.
14 January 2008
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