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Indices key to Trading Risk development
Every time you put a gallon of petrol in your car, it has typically been bought and sold forty times beforehand.
04 October 2007
Reinsurance demand threat as insurers drive softening
As reinsurance brokers and underwriters await the end of a so far sterile hurricane season to start serious negotiations over 1/1 renewals, warning signs of growing momentum behind the softening market continue.
04 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
Alea in $200mn Max Capital commute
Run-off insurer Alea Group Holdings has received a one-time payment of $203.6mn to "fully and finally" commute all exposures with its Bermudian neighbour Max Capital.
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
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
Buyout speculation returns to Benfield
When Benfield Group changed its mind in 2003 and floated on the stock exchange in London, rather than New York, its decision was widely applauded.
04 October 2007
Reserve releases drive record £1.8bn returns on Lime Street
Despite the gloomy spectre of a soft market, Lloyd's 2007 interim results reflected the strong performance of insurers underwriting in the market.
04 October 2007
US sports MGA sells for $73mn
Illinois-based sports underwriter Pro Financial Services Inc was sold last month for $73mn - the equivalent of over seven times "base" earnings.
04 October 2007
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