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Admiral still Confused after minority sale talks end
UK niche-branded insurer, Admiral Group plc today reported that it has ended discussions with potential private equity investors regarding its price aggregator subsidiary, Confused.Com.
12 July 2007
THB recruits Heath Lambert wholesale team
Lloyd's specialist broker Thompson Heath & Bond (THB) Group has recruited a new wholesale broking team from Heath Lambert Group.
12 July 2007
Lloyd's chief gives ultimatum on process reform
Lloyd’s CEO Richard Ward has warned the London market that the “pace of change” on business processes remains too slow and reiterated his willingness to mandate action if necessary.
11 July 2007
Allianz upgraded to AA by S&P
Insurance giant Allianz SE and its core operating companies have been upgraded from AA- to AA by Standard & Poor's (S&P) as a result of "major and sustained" improvements in its operating performance.
11 July 2007
Farmers in $500mn contingent capital deal
In a pioneering transaction, the US insurer Farmers Insurance Exchange has acquired the right to issue $500mn of regulatory capital if it suffers a severe US natural catastrophe loss in the next five years.
10 July 2007
Validus to raise over $300mn in IPO
Bermudian (re)insurer Validus Holdings said last week it expects to raise around $311mn in net proceeds assuming an offer price of $25 in its forthcoming initial public offering (IPO).
09 July 2007
Hampden opposes Heritage syndicate merger
Lloyd’s members’ agent Hampden Agencies Ltd is set to derail the proposed merger of AIM-listed insurer Heritage Underwriting Agency plc’s syndicates, after it recommended that Names reject the plan.
09 July 2007
Lloyd’s insurers reduce 2008 capacity
Lloyd’s insurers Hiscox plc and Kiln plc have confirmed they intend to reduce their capacity limits next year reflecting the declining market rates.
09 July 2007
Gable shares suspended from AIM
Liechtenstein-based liability insurer Gable Insurance had its shares suspended from the AIM stock exchange at 16p after missing the deadline to post its audited results for 2006.
09 July 2007
Aspen enters professional lines
Bermudian firm Aspen Insurance Holdings is to enter the Professional Liability Insurance market later this year through its UK operation.
09 July 2007
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