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Moran lands at HSBC
Michael Moran, the aviation broker who is at the centre of a controversial poaching dispute between Marsh Ltd and Willis Group Holdings, has resurfaced at HSBC Insurance Brokers.
09 November 2007
Gallagher launches 'boutique' energy subsidiary
AJ Gallagher International's (AJGI) new onshore/offshore energy and utility broking subsidiary is set to begin operations in the New Year.
09 November 2007
M&A winds sweep through Lime Street with Beaufort deal
Beaufort became the fourth independent Lloyd's insurer to sell this year as interest in One Lime Street remains sky high.
09 November 2007
International News Digest
Harbor Point secures A rating for $500mn US platform; Bermuda facing December General Election; Expansive MAPFRE in $2.2bn US push; Ironshore gains admitted status; New York drives collateral relief for non-US reinsurers...
09 November 2007
Tawa in post-IPO PXRE acquisition
Tawa plc, the UK quoted run-off consolidator, has acquired the US firm PXRE Reinsurance Co (PXRE US) from parent Argo Group International Holdings Ltd in a $114mn transaction.
09 November 2007
Centrewrite joins Lloyd's RITC capacity
Lloyd's own run-off arm Centrewrite has joined the queue of capacity prepared to offer reinsurance-to-close (RITC) quotes for "open year" syndicates.
09 November 2007
Time running out for Independent appeal
The 21-day time limit in which the three former Independent Insurance Group plc (IIG) executives who received a total of 14 years in jail sentences could lodge an appeal will expire on 13 November.
09 November 2007
Insurance law firms to merge
London-based law firm Kendall Freeman has been looking for a partner for some time and so seasoned watchers were not surprised by its proposed tie-up with the US firm Edwards Angell Palmer & Dodge LLP (EAPD)...
09 November 2007
Trade secrets can be in your head rules US court
A US judge who ruled in favour of Gen Re in its dispute with Arch Capital Group over the poaching of a thirty strong facultative team declared that trade secrets can be stored in one's memory.
09 November 2007
Guy Carpenter develops long-tail casualty hedge product
Reinsurance broker Guy Carpenter is developing a product to allow (re)insurers to hedge the risk of under-reserving on long-tail casualty lines of business.
09 November 2007
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