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Benfield exec sells holding; share price dips
Benfield Group’s share price saw some of the recent gloss taken off its share price late last week with news that a key executive had sold his entire holding in the reinsurance specialist.
08 October 2007
Newly launched ILW exchange sees trading begin
Insurance Futures Exchange Services (IFEX), the reinsurance trading platform launched last month by Climate Exchange plc and Deutsche Bank, saw the first trades take place on the exchange last week.
08 October 2007
UK continues to lead the way for schemes
The proposed Schemes of Arrangement for the 14 WFUM Pools Scheme Companies was sanctioned by the UK High Court on 17 September.
04 October 2007
SBJ team may follow GCFac three to Integro
A facultative reinsurance team from London Market broker SBJ Group Ltd may follow the heads of the GCFac team that defected to rival Integro Ltd, according to legal documents obtained by The Insurance Insider.
04 October 2007
Ruxley in landmark reinsurance-funded acquisition
Run-off purchaser Ruxley Ventures is expected to outline a pioneering financing technique at a business transfer court hearing this month for the firm’s proposed acquisition of Generali Assurances Generale (GAG).
04 October 2007
London News Digest
JLT linked with FirstCity; Rivals 'seriously worried' after Towergate buys IT provider; Solicitors PI rates slide; Lightyear backs £135mn start-up Antares syndicate...
04 October 2007
Marsh looks outside for CEO role with reshuffle
MMC effectively ruled out the immediate elevation of executive Phil Moyles as the next leader of its broking business, Marsh Inc, with a reshuffle of its senior executives last week.
04 October 2007
End of season sale as M&A fever continues
As the official 2007 Atlantic hurricane season enters its final two months, speculation continues to mount over potential M&A activity, with players in the Bermudian (re)insurance market at its centre.
04 October 2007
Pipeline profits fuel Lloyd's insurers
It was a familiar story from the remainder of Lloyd's insurers publishing interim figures in September.
04 October 2007
ABN AMRO to launch casualty tail securitisation
Investment bank to structure adverse development cover ILS products
04 October 2007
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