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Managerial shake-up at Ark
Start-up Lloyd’s insurer Ark has shaken up its underwriting management team, with effect from January 2009.
20 January 2009
Kiln launches £200mn syndicate
Lloyd's managing agent RJ Kiln is to open a new Syndicate in 2009 for intra-group reinsurance as part of the Tokio Marine Group, as predicted by The Insurance Insider in October.
09 December 2008
Xchanging agrees £83mn Cambridge buy-out
Xchanging plc, the London market back office firm has agreed a deal to buy a 75 percent stake in fellow outsourcing provider Cambridge Solutions Ltd for £83mn in cash and shares.
06 October 2008
Profits rise as AIG announces share buyback
US giant American International Group (AIG) reported a rise in its 2007 net income and announced an $8bn share buyback scheme.
02 March 2007
Oxygen acquires Lloyd’s broker
Oxygen Holdings plc, the independent London-based intermediary, has acquired Lloyd's broker Robertson Taylor.
30 August 2007
OdysseyRe profits up on realised gains
Fairfax subsidiary OdysseyRe has posted a third quarter net income of $121.5mn, up $9.4mn on the same point last year, as it became one of the few companies in the sector to benefit from net realised gains.
03 November 2008
Marsh cleans out insiders
The beleaguered broking giant MMC took further steps to improve its corporate governance rating last month by firing five senior executives from its board of directors last week.
01 December 2004
Aspen in pioneering $420mn recoverables securitisation
Bermudian (re)insurer Aspen Insurance Holdings Ltd has taken the innovative step of wrapping a credit derivative structure around a portfolio of its reinsurance recoverables, in a $420mn transaction with investment bank Deutsche Bank.
06 December 2006
Gallagher Re loses key executive
Steve Taylor, business development officer for Gallagher Re, is leaving the reinsurance broker to join one of its clients, WR Berkley Corporation.
16 November 2007
London sees business growth in 2004
Non-marine premium levels in the London company market have increased for the third year in a row, according to the latest statistics released by the International Underwriting Association (IUA).
18 April 2005
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