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Wurttembergische to fight for upgrade
German firm is third major European reinsurer to be downgraded below A- in recent years
12 January 2007
Aon completes Russian acquisition
Aon Holdings BV completed the acquisition of the remaining 51 percent of the shares of Moscow-based Aon Rus LLC this month.
12 January 2007
Milton retires from APR
Paul Milton, the chairman of Aon Professional Risks (APR), retired from the broking giant last month.
12 January 2007
Steamboat Re latest to launch from Bermuda shores
Goldman Sachs Asset Management (GSAM) is set to launch Steamboat Re, a Class III Bermudian incorporated reinsurer, The Insurance Insider can reveal.
12 January 2007
Hannover Re will sell Clarendon at the right price
German reinsurer Hannover Re will listen to offers for its run-off programme business Clarendon following the sale last month of its US subsidiary Praetorian Financial Group to Australia’s QBE Insurance Group Ltd.
12 January 2007
Wellington integration sees exits
Catlin Group estimated annual cost savings of $70mn from its £600mn+ acquisition of Wellington Group – with a proportion coming from job savings – so it was inevitable there would be some losses.
12 January 2007
Australians lead M&A charge
In the search for growth, Australia’s insurers have been involved in a series of mergers and acquisitions in the last six months epitomised by QBE Insurance Group’s double strike for Hannover Re’s Praetorian Group...
12 January 2007
Lloyd’s expands to record £16bn capacity
Pre-emptions and start-ups allow market to write £18bn gross premiums in 2007
12 January 2007
London News Digest
Markel calls for greater Franchise powers; Beazley increases capacity with Santam acquisition; Amlin Bermuda’s business increases; Aviva grows Moss; MAP launches sidecar syndicate; Lloyd’s Central Fund trial set for January 2008
12 January 2007
R&SA US spin-off awaits hearing
The fate of UK insurer Royal & Sun Alliance Group plc’s (R&SA) attempt to cut itself free from its US run-off business will be decided at a public hearing later this month.
12 January 2007
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