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Generali tops Italian league with Toro deal
But mixed views on rationale behind takeover... Analysts have given a mixed welcome to the move by Italian insurer Assicurazioni Generali to take over compatriot Toro Assicurazioni in a deal worth EUR3.85bn.
07 July 2006
Guy Carpenter confirms Spiller appointment as CEO
Guy Carpenter & Co has confirmed last week the appointment of David Spiller as its group chief executive, replacing the long-serving Salvatore Zaffino.
07 July 2006
Flood out of Cooper Gay in restructure
London-based broker Cooper Gay Group has parted company with its executive director of non-marine treaty reinsurance Dermot Flood as part of an organisational restructure.
07 July 2006
Accenture out of running for Aon back-office
Outsourcing firm Accenture is out of the running for the potentially landmark contract to run Aon Ltd's back-office function, The Insurance Insider can reveal.
07 July 2006
Willis $300mn bond cancellation sparks M&A speculation
Insurance broker Willis Group Holdings Ltd cancelled a $300mn debt issue at the end of June - a move that has led to speculation the firm is again considering a significant acquisition.
07 July 2006
Lloyd's capacity may rise in 2007
Total capacity at Lloyd's may rise next year after the first round of syndicates made their 2007 business forecasts.
07 July 2006
Whittington strikes gold with Alba sale
Insurance service provider Whittington surprised the market last month by agreeing the sale of its newly established Lloyd's managing agency and specialist Asian syndicate, Alba, to Insurance Australia Group (IAG).
07 July 2006
ACE savours Brandywine deal
In a landmark sale Randall & Quilter has acquired some $900mn of ACE's asbestos reinsurance book It was brutal, and at times bloody, but 18 months after applying to sell part of its Brandywine legacy exposures to...
07 July 2006
International news digest - July 2006
White Mountains raises storms bill by $200mn; Imagine heads for court date with former CEO; River Re licensed in Barbados; Glacier Re mounts defence of under review rating; NAIC vote moves to end US collateral requirements; et al.
07 July 2006
Aviva reveals AmerUs talks
UK general insurer Aviva plc revealed today (7 July) that it is in talks with AmerUs Group over the potential acquisition of the $2.3bn or £1.3bn valued US life insurer.
07 July 2006
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