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Munich Re in EUR1bn bond issue
Munich Re has announced plans for a EUR1bn subordinated bond issue as it continues to restructure its capital base.
29 May 2007
R&SA buys out Codan interest
Royal & Sun Alliance (R&SA) last week bought out the 25 percent investment held by minority shareholders in its Scandinavian subsidiary Codan for £584mn.
29 May 2007
Lloyd's insurers issue upbeat trading statements
A good year driven by strong margins and a low loss environment were the main themes from trading statements released by four Lloyd's-based insurers last week.
29 May 2007
Insurers settle WTC claims, but disputes grind on
Seven insurers reached a $2bn settlement with World Trade Center (WTC) developer Larry Silverstein last week bringing to an end more than five years of litigation between the parties.
29 May 2007
Towergate founder calls for greater transparency
Broker commission transparency is "inevitable", according to Peter Cullum, the founding chairman of Towergate Partnership, yet he insisted the London market needs to eradicate major inefficiencies in order to compete in the long-term.
29 May 2007
Paris Re confirms IPO plans
Paris Re, the former reinsurance arm of AXA Re, has confirmed plans to list on the Paris-based, European Stock Exchange, Euronext, a year after it was acquired by a consortium of private equity firms.
29 May 2007
Charman divorce award upheld
Judges in the UK High Court last week upheld the £48mn divorce award to the ex-wife of John Charman, the former Lloyd's deputy chairman and founding president of AXIS Capital.
29 May 2007
Marsh announces Oman joint venture
Marsh Inc has announced the creation of Marsh Oman LLC, a joint venture with the Omani business Zubair Group.
29 May 2007
Guy Carp appoints London based Global Operations chief
Guy Carpenter & Co has appointed the former Benfield Group executive Charlie Fry as its global chief operating officer.
29 May 2007
FPK merges with Cochran Caronia Waller
Specialist financial services investment bank Fox-Pitt, Kelton (FPK) announced a merger with its peer Cochran Caronia Waller (CCW) last week.
29 May 2007
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