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London News Digest
Gallagher 'not thrilled' with reinsurance results; Newly formed AIG UK appoints board heavyweights; Hardy outlines Bermuda redomiciliation plan; Levene says tax break still on...
06 December 2007
International News Digest
AIG leads Turkish crash cover; Earthquake triggered Caribbean cat fund; Ping An takes Fortis stake; Aon raids Willis for construction executives...
06 December 2007
Reinsureds at risk from misrepresentation
A recent UK High Court decision has outlined the dangers to reinsureds of making misrepresentations to their reinsurers either directly or through a broker.
06 December 2007
AXA Re ordered to pay Anglo American $57mn in reinsurance dispute
Reinsurers have been ordered to settle a $57mn disputed all risks reinsurance claim with global mining giant Anglo American's captive insurance company Coromin.
06 December 2007
Heritage admits approach
Heritage Underwriting Agency plc, the specialist Lloyd’s insurer, has admitted receiving an "indicative proposal" but says the "the price contained within the proposal significantly undervalues the company".
06 December 2007
ICAP and JLT launch brokerage
The world's largest interbroker-dealer ICAP plc and insurance broker JLT Group plc have launched their joint venture to establish an insurance based derivatives and securities broking platform, subject to FSA approval.
06 December 2007
Chairman departs struggling Primary
The founder and chairman of struggling Primary General, Jonathan Davey, has left the company, which looks set to restructure further.
06 December 2007
Towergate acquires broker for a premium
UK broking consolidator, Towergate Partnership agreed a £95mn cash offer for Yorkshire-based Broker Network Group last month, valuing the firm at almost four times revenues.
06 December 2007
Benfield again target for takeover speculation
Takeover speculation has again gripped reinsurance broker Benfield Group with Aon Corp the latest to be linked with the firm.
06 December 2007
Ironshore bid to renew interest in Lloyd's insurers - Numis
Ironshore Inc's approach for Lloyd's insurer Heritage Underwriting Agency will renew the interest of other Bermudian firms looking to buy their way into Lime Street, according to Numis Securities analyst Nick Johnson.
06 December 2007
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