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  • The renewed interest of insurers in obtaining UK brokers has pushed up the deal values in broker mergers and acquisitions (M&A), according to Deloitte.
  • A joint venture between global interdealer broker ICAP and JLT Group has once again underlined the growing co-operation between the reinsurance industry and the capital markets in trading risk.
  • Aon – which is involved in an acrimonious battle with Benfield over the poaching of its facultative team – has won the Lexington Insurance Co account from the reinsurance broker, The Insurance Insider can reveal.
  • European giants Allianz, AXA and Zurich Financial Services (ZFS) reported strident 2006 figures and increased dividends as they benefitted from clement natural catastrophe conditions.
  • US giant American International Group (AIG) continued the capital management theme as it reported a rise in its 2007 net income and announced an $8bn share buyback scheme.
  • Further job cuts now look likely at Aon Re UK, the reinsurance arm of Aon Ltd, after the company announced a review of the unit on 6 March.
  • A recent ruling by a UK Court may have wide-reaching implications for future transfers of business under Part VII of the Financial Services and Markets Act 2000 that involve a significant proportion of US and other overseas liabilities.
  • Capita swoops for CMGL; Tawa UK in $285mn acquisition; S&P to launch run-off ratings; European run-off liabilities exceed EUR200bn...
  • Florida reins in cat fund expansion; GE loses asbestos claim; Scottish Re ‘disappointed’ with $233.8mn loss; US plans long-term TRIA extension; Greenberg appointed ACE chairman...
  • Insurers refuel Boeing dispute ; Lloyd’s insurers build international liability platforms; Aon exec seconded to Lloyd’s; Amlin opens up electronic trading options; IBM steps into London market