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Gallagher London introduces additional commission
Gallagher London became the latest firm to levy an additional commission on the market as the weak dollar and falling rates continue to squeeze brokers' margins.
26 November 2007
Tawa launches consulting arm
Tawa plc, the UK quoted run-off consolidator controlled by French billionaire Francois Pinault, has launched Tawa Consulting Ltd, which will take on consulting and advisory operations.
26 November 2007
D&O rates predicted to fall a further 10 percent
Directors' and officers' (D&O) rates are predicted to fall by a further 10 percent in the final quarter of the year, according to a survey by broker Willis Group.
26 November 2007
Industry can dodge credit crunch but not a recession
Non-life insurers should escape the global credit crunch but not contagion from a possible economic stagnation or recession, according to research from Morgan Stanley.
26 November 2007
Swiss Re shares continue to fall after loss announcement
Swiss Re's share price continued to fall this morning after losing almost 15 percent of their value last week following the firm's shock SFr1.2bn ($1.1bn) mark-to-market loss from credit default swap exposures.
26 November 2007
Novae to open bloodstock account with Brit capture
Quoted Lloyd's insurer Novae Group plc is set to open a bloodstock account next year following the capture of a Brit Insurance underwriter.
26 November 2007
Brazil's deregulated reinsurance market rules imminent
The rules for Brazil's open reinsurance market are set to be published on 15 December, according to local sources.
26 November 2007
Endurance AM Best rating returns to pre-Katrina level
Endurance Specialty Insurance Ltd was upgraded to A by AM Best last week, returning the Bermudian (re)insurer's ratings to their pre-Katrina level.
26 November 2007
JLT share bounces back after buyback news
Jardine Lloyd Thompson (JLT) saw its share price climb almost ten percent in the last week following the firm's announcement of a share buyback programme.
26 November 2007
SCOR launches EUR160mn Atlas IV cat bond
French reinsurer SCOR SA will add to its Atlas suite of cat bonds with the EUR160mn Atlas IV bond, which is due to close on 27 November.
26 November 2007
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