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Management buy-out CMGL
Claims Management Group Limited (CMGL) has been acquired from Zurich Financial Services Group (Zurich) (ZFS) by a management buy-out backed by UK private equity firm Sovereign Capital Partners LLP.
05 September 2005
Hardinge to join Heath Lambert
Mark Hardinge, the former Aon Ltd managing director of its professional risks division, is set to join UK broker Heath Lambert Group later this year.
05 September 2005
Alea faces up to downgrade threat
Shares decline as H1 profit slump unveiled: London-listed (re)insurer Alea Group meets with rating agency Standard & Poor’s (S&P) this week in an attempt to defray a threatened downgrade following the group’s disappointing interim results last week.
05 September 2005
Amlin unveils strong results and $110mn Katrina exposures
Amlin plc became the first Lloyd’s insurer to publicly estimate its exposures to Katrina, as it projected $110mn net of reinsurance – but shares in the group rose almost 3 percent on strong first half figures.
05 September 2005
Partner Re promotes from within
Bermudian reinsurer Partner Re has appointed Emmanuel Clarke to head up the property and casualty business unit of its global operations.
05 September 2005
Katrina update: Hannover expects €250mn hit from Katrina
German reinsurer Hannover Re became the latest company to release its estimates of losses from Hurricane Katrina today, warning that it was expecting a “loss burden” of €250mn before tax.
02 September 2005
UK solvent schemes given boost with M&G Re decision
Supporters of UK solvent schemes of arrangement were encouraged by a Scottish Court’s decision to sanction the M&G Re scheme yesterday.
02 September 2005
S&P now threatens to downgrade Alea Group
Shares in London-listed reinsurer Alea Group slipped further today after Standard & Poor’s (S&P) warned it may downgrade the reinsurer following its disappointing interim results earlier this week.
01 September 2005
Katrina to hit profits at Hannover Re
Hannover Re has warned that the cost of Hurricane Katrina would mean the world's fourth-largest reinsurer is unlikely to meet its profit forecasts for 2005.
31 August 2005
Troubled Alea in $210mn equity rights issue
UK listed insurer Alea Group Holdings has suffered a steep decline in its share price after revealing a 47 percent slump in first half 2005 pre-tax profits today (31 August).
31 August 2005
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