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R&SA completes Irish deal
UK general insurer Royal & SunAlliance (R&SA) announced last week (1 August) the cash acquisition of Irish insurer EGI Holdings Limited for EUR25.3mn (£17.3mn), subject to regulatory approval.
07 August 2006
Reinsurance drives solid Willis results; $1bn share buy-back
Willis Group Holdings threw down the gauntlet to rivals MMC and Aon Corp with a solid quarter that included a ten percent organic growth in revenues and details of a new $1bn share buyback programme.
07 August 2006
GCFac launches structured team with Lobek hire
GCFac, the facultative arm of reinsurance broker Guy Carpenter, has bolstered its ranks with the launch of a structured risk team headed by former Jardine Lloyd Thompson (JLT) broker John Lobek.
07 August 2006
Lancashire benefits from benign first-half
“Class of 2005” start-up Lancashire Holdings Ltd has benefited from low claims during a benign first-half of 2006 to report net income of $39.3mn today (7 August).
07 August 2006
UK business unprepared for disaster
Over 60 percent of UK businesses do not have the necessary business continuity management (BCM) plans to protect them in the event of a disaster, according to a survey conducted by Marsh.
07 August 2006
AM Best affirms Lloyd's ratings
Rating agency AM Best affirmed its ratings financial strength rating of A (Excellent) and issuer credit rating (ICR) of 'a' on Lloyd's of London on 31 July.
07 August 2006
Sinclair appointed president and COO at Aspen
Aspen Insurance Holdings Limited today (7 August) announced the appointment of Stuart Sinclair as its president and chief operating officer.
07 August 2006
AXA produces 'strong first half'
French giant AXA said it had produced a "strong first half" performance with underlying earnings up 19 percent to EUR2.1bn.
07 August 2006
Lancashire launches Sirocco sidecar
"Class of 2005" start-up Lancashire Holdings Ltd has invested $20mn in a new Bermudian sidecar operation named Sirocco Re, it announced today (7 August).
07 August 2006
Aon shares fall after flat second quarter
Aon Corp was the last of the three global brokers to report its second quarter results last week and they were perhaps the least remarkable.
07 August 2006
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