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Insurers’ interest in distribution drives higher M&A prices
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.
09 March 2007
ICAP in venture to trade risk
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.
09 March 2007
Aon wins prestige Lexington account
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.
09 March 2007
European giants reward shareholders
European giants Allianz, AXA and Zurich Financial Services (ZFS) reported strident 2006 figures and increased dividends as they benefitted from clement natural catastrophe conditions.
09 March 2007
AIG announces $8bn share buyback
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.
09 March 2007
Aon consider further UK job cuts
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.
09 March 2007
Berkshire extends Part VII boundaries with Sompo decision
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.
09 March 2007
Run-Off Round Up
Capita swoops for CMGL; Tawa UK in $285mn acquisition; S&P to launch run-off ratings; European run-off liabilities exceed EUR200bn...
09 March 2007
International News Digest
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...
09 March 2007
London News Digest
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
09 March 2007
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