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Champion team exits could lead to a break-up-for-sale of Heath Lambert
The departure of a number of key producers that have followed divisional head of facilities Hugh Champion out the door of UK independent broker Heath Lambert which may scupper management’s chances of selling the firm as a single entity.
07 September 2007
SCOR sets sights high
After finally closing its $2.8bn protracted acquisition of rival Converium Holding AG, French reinsurer SCOR wasted little time in setting out its stall as it aims to push into the top 5 of global reinsurers.
07 September 2007
Premium up but profit down as Catlin absorbs merger costs
Bermuda-based (re)insurer Catlin Group reported 29 percent first-half premium growth following its acquisition of Wellington Underwriting, but profits fell as a result of the deal's expenses.
06 September 2007
Benfield profits down despite Corporate Risk growth
Although revenue growth impressed at Benfield Group Ltd’s Corporate Risk business (BCR), shares in the broker fell as the John Lapsley-headed division reported a trading loss of £4.6mn for the first half of 2007.
06 September 2007
Mahoney swaps Marsh for Integro
Tim Mahoney has become the latest senior executive to make the switch from Marsh Inc to rival firm Integro Ltd as it continues to raid Marsh & McLennan's companies.
05 September 2007
Kiln feels rating squeeze
The continued pressure on rates has dampened Kiln plc’s premium growth with the (re)insurer confirming plans to reduce its participation in the Lloyd’s market.
05 September 2007
Canopius to launch $250mn Bermuda reinsurer
Canopius Group Ltd has become the latest Lloyd’s insurer to launch a Bermuda platform with the formation of Canopius Bermuda Ltd, a class 3 reinsurance company with $250mn of capital.
05 September 2007
Brit profits flat after drop in UK performance
Insurer Brit Holdings plc has reported flat first half profits of £106.8mn following a drop in underwriting profits in the “difficult” UK market.
04 September 2007
Cooper Gay buys CRS teams
London-based reinsurance broker Cooper Gay Group has bought the reinsurance and terrorism broking teams of CRS Group (London) plc.
03 September 2007
Edrich appointed underwriting director of Novae's insurance company
Novae Group's medical malpractice underwriting manager, Bill Edrich, has been appointed underwriting director of its insurance company, Novae Insurance Company Limited (NICL).
03 September 2007
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