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PWS close to selling trading arms
Specialist broker THB Group plc has entered into talks with PWS Holdings over the acquisition of PWS' Lloyd’s broking business and overseas interests.
03 December 2007
Groupama to join Euro cat bond issuers with first transaction
Groupama SA is expected to complete its first insurance linked securities transaction shortly, with its proposed securitisation of EUR200mn of French windstorm risk.
03 December 2007
Shareholder activist demands MMC spin offs
Marsh & McLennan Companies (MMC) should spin-off its Kroll consulting unit as well as the group's Mercer human resources business, according to a Canadian investment firm.
03 December 2007
AIG leads Turkish crash cover
American International Group (AIG) leads both the liability and the hull coverages for the budget airliner that crashed in Turkey killing all on board last Friday (30 November), according to sources.
03 December 2007
Marsh appoints Glaser as chief executive
Marsh Inc has completed its search for a new chief executive with the appointment of Daniel Glaser.
03 December 2007
XL's new sidecar gets Moody's rating
Ratings agency Moody's Investor Services has assigned ratings of Ba1, Ba3 and B3 to the three debt tranches in Bermudian (re)insurer XL Capital's new Cyrus Re II sidecar vehicle.
03 December 2007
Benfield's share price again stoked by M&A speculation
Takeover speculation again gripped reinsurance broker Benfield Group last week as an insurance analyst linked Aon Corp with a possible move for the UK quoted firm.
03 December 2007
PWS close to selling trading arms
Specialist broker THB Group plc has entered into talks with PWS Holdings over the acquisition of PWS’ Lloyd’s broking business and overseas interests.
30 November 2007
Chinese insurer buys stake in Fortis
Ping An Insurance, China's second largest life insurer, has bought 4.18 percent of Benelux financial services group Fortis, at a cost of EUR1.81bn.
29 November 2007
Consolidators shaping future of SME marketplace
Powerful consolidators are forcing insurers to "fundamentally re-examine their operating models" as they tighten their grip on the commercial SME market, according to the latest research.
29 November 2007
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