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Private equity interest in broking sector continues with USI takeover talks
US broker USI Holdings saw its shares leap 8 percent last week after the independent firm admitted it was mulling a private equity buyout offer.
30 October 2006
Former RenRe exec settles SEC investigations
The list of industry casualties following various regulatory investigations into the industry’s use of finite reinsurance continued recently with news...
30 October 2006
Credit Suisse ups XL Winterthur payable but still falls short
Zurich based financial services group Credit Suisse revealed Friday (4 February) that it has upped its payable to XL by $257mn in relation to the Bermudian (re)insurer’s acquisition of Winterthur International back in 2001.
07 February 2005
Willis wins Fortune account from Marsh
Willis’ hopes that it may be the main beneficiary from any client fall-out at Marsh were boosted last week with the revelation that Fortune brands – a company named in Spitzer’s 14 October lawsuit – appointed Willis to replace the world’s largest broker.
22 November 2004
US bail bond claims hit GoshawK
GoshwawK, the parent of Bermudian reinsurer Rosemont Re, has revealed that it is the latest insurer to face exposure to controversial US bail bond losses.
28 September 2004
Aon appoints UK retail head
Aon has moved swiftly to appoint a new CEO of its UK retail operations, naming Rob Brown to replace Peter Harmer - who will return to his native Australia in September.
13 July 2009
Aon chairman to sell $146mn in shares
Pat Ryan, the founding chairman of broking giant Aon Corp, announced plans to sell five million shares in the company, equivalent to some $146mn.
30 August 2005
Odyssey restates past five years
Fairfax Financial Holdings controlled reinsurer Odyssey Re restated its results for the past five years on 16 October, correcting accounting errors relating to its investments.
23 October 2006
Quake to cost Chinese insurers a mere $43mn, says regulator
The recent devastating earthquake in China's Sichuan province will cost the country's insurers a mere $43mn, according to the China Insurance Regulatory Commission (CIRC).
27 May 2008
ACE applauded for reserve disclosure
Morgan Stanley insurance analyst Bill Wilt applauded ACE Ltd’s decision to provide further disclosure on its reserves by publishing its global loss triangles.
04 October 2004
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