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  • Berkshire Hathaway flush for cash at the end of first quarter 2007
    Warren Buffett has signalled his intention to undertake a large acquisition, saying that Berkshire Hathaway Inc (Berkshire) has more cash than investment opportunities.
    08 May 2007
  • London market survey winners
    Thank you to all who took part in The Insurance Insider’s 2007 London market survey, in association with ImageRight. The survey collected over 150 responses throughout April and the results will be published in our Business Process Reform supplement to be
    08 May 2007
  • Xchanging and Advisen team up to launch ACORD messaging hub
    Back office service provider Xchanging and market information and analysis firm Advisen Ltd are teaming up to launch an ACORD messaging hub for the London Market.
    08 May 2007
  • Willis continues UK reshuffle with R&SA appointment
    Willis continued its top tier re-shuffling last week with the appointment of Brendan McManus as chief executive of Willis UK & Ireland (WUK&I) operating division.
    08 May 2007
  • Travelers acquires London marine agency
    The trend for insurers to integrate their distribution channels has continued with Travelers purchase of the London-based Galatea Underwriting Agencies Ltd.
    08 May 2007
  • Collins to establish new advisory arm
    Reinsurance broker John B Collins Associates (UK) Ltd (Collins) has formed a new subsidiary, Collins Capital Advisors LLC (Collins Capital), to tap into the closing relationship between the insurance industry and capital markets.
    08 May 2007
  • Glacier Re outlook improved to stable
    AM Best has confirmed the A- (Excellent) financial strength rating and issuer credit rating of a- of Glacier Reinsurance AG (Glacier Re) and its wholly-owned subsidiary, Glacier Insurance.
    08 May 2007
  • Max Capital reports increased profits
    Newly re-branded Bermudian (re)insurer Max Capital Group reported quarterly net income of $80mn, or $1.24 per diluted share, compared to net income of $75.3mn, or $1.19 per diluted share, in the prior-year period.
    08 May 2007
  • S&P upgrades Arch to A
    Rating agency Standard & Poor’s (S&P) has upgraded the financial strength ratings of Arch Capital’s operating subsidiaries from A- to A with a stable outlook citing the group’s “strong” enterprise risk management (ERM) as one of the reasons.
    08 May 2007
  • Marsh appoints UK execs
    The senior management re-shuffle at Marsh Ltd continues after the appointment of Martin South as CEO of the broker’s UK operations.
    08 May 2007
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