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Equitas completes Berkshire deal
Equitas has completed its landmark reinsurance transaction with National Indemnity Company, part of Warren Buffett’s Berkshire Hathaway group, on 27 March.
05 April 2007
MMC rewards senior staff
Steering Marsh and McLennan Companies (MMC) through the difficult post-Spitzer years has led to rich rewards for the company's president and chief executive Michael Cherkasky, who received total compensation valued at $8.65mn last year.
05 April 2007
London insurers raise dividends following bumper year
Lloyd's-based insurers joined their peers in Europe and across the Atlantic in giving additional capital back to their shareholders - a strategy that may be seen as a demonstration of commitment to underwriting discipline as the cycle turns.
05 April 2007
Lloyd’s closes on S&P upgrade
Following Fitch Ratings' move to upgrade its insurance financial rating on Lloyd's to A+ as the first phase of the Equitas deal closed, industry-watchers will be waiting to see if rival Standard & Poor’s (S&P) follows suit.
05 April 2007
PXRE: questions remain despite new dawn
If, as expected, its proposed reverse merger deal with Argonaut Group successfully concludes this summer, Bermudian reinsurer PXRE will have completed a remarkable turnaround.
05 April 2007
Sciemus targets giant power facility
Sciemus Ltd, which last year entered the satellite insurance market with the $250mn LibSat consortium, is looking to replicate the model on a larger scale in power, The Insurance Insider can reveal.
05 April 2007
Mixed fortunes for Lloyd’s start-ups
Ark starts trading; Leinster misses 1/4 deadline on capital shortfall
05 April 2007
Fac continues to excite broker interest
The prospect of another controversial defection among leading faculatative reinsurance brokers emerged this month with news – first revealed by The Insurance Insider – that Integro Ltd has poached a trio of senior Guy Carpenter executives...
05 April 2007
Capita seals £32mn CMGL deal
Capita, the giant UK outsourcing firm, has completed the acquisition of run-off consultants Claims Management Group Ltd (CMGL) for consideration of £32mn from UK private equity firm Sovereign Capital Partners LLP.
05 April 2007
Plumeri endorses principles approach
A principles-based rather than a rules-based approach not just to regulation but to running the entire industry should be embraced by the industry, according to Joe Plumeri, chairman and CEO of Willis.
05 April 2007
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