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Canopius Omega deal to close in August
Omega has announced that its sale to Lloyd's peer Canopius will be finalised by the end of August, signalling a clearer closure date after a long, drawn-out M&A process.
27 July 2012
Kiln to stay on Syndicate 557
Lloyd's insurer Kiln has reversed plans to withdraw its full participation on property catastrophe reinsurance Syndicate 557 following negotiations with Members' Agents. The Syndicate, which is de-empting for 2005 by nine percent on its 2004 stamp capa
01 November 2004
Giles Insurance Brokers in £185mn private equity deal
Acquisitive consolidator Giles Insurance Brokers Ltd is being purchased for £185mn by private-equity group Charterhouse Capital Partners, according to reports.
25 February 2008
CV Starr defends Spitzer PR lawsuit
By John Helmer in Washington
05 April 2007
Allianz confirms 10 percent stake in broker consolidator Oval
Allianz continued its strategic stake-building in the UK distribution chain this month, with confirmation that it has acquired a 10 percent minority share of Yorkshire-based broker The Oval Group, as predicted by The Insurance Insider in September.
07 November 2007
London reinsurers lose North Korean appeal
London market reinsurers led by Allianz have had their appeal dismissed against the striking out of significant parts of their defence in the controversial EUR44.3mn dispute with the North Korean national insurer.
09 November 2007
Heath Lambert withdraws wholesale unit from Cooper Gay sale
A major unit in the transfer of Heath Lambert's wholesale division to Cooper Gay will no longer be a part of the proposed sale, The Insurance Insider has learnt.
21 May 2008
Silverstein claiming $12.3bn from airlines
World Trade Center developer Larry Silverstein, who already successfully claimed $4.55bn from (re)insurers following the 11 September attacks, is seeking a further $12.3bn in damages from airlines and airport security companies.
31 March 2008
Liberty appoints energy manager in London
London-based (re)insurer Liberty International Underwriters (LIU), a division of US insurer Liberty Mutual Group, has recruited London market veteran Ray Miller as vice president for Marine, Energy and Construction.
16 July 2007
Investor concern over AIG sub-prime exposure
Stock in US (re)insurance giant, American International Group Inc (AIG) plummeted by nearly 10 percent in a day on Thursday (25 October), as worries about its exposure to the sub-prime mortgage market mounted.
29 October 2007
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