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September 2008/4
  • Beazley confirms MUM $37.5mn acquisition
    Beazley Group has acquired the London-based personal accident underwriting agency Momentum Underwriting Management Ltd (MUM) for up to $37.5mn, the quoted Lloyd's insurer has revealed.
    22 September 2008
  • IFEX lists third and fourth event contracts
    The Insurance Futures Exchange (IFEX) revealed that from 19 September the Chicago Climate Futures Exchange (CCFE) began listing third and fourth event contracts for all its event linked futures (ELF) contracts.
    22 September 2008
  • R&Q acquires KMS; operating profit up
    AIM-listed Randall & Quilter Investment Holdings plc has announced the acquisition of the parent company of run-off group KMS Group of Companies for £1.78mn, as it continues to eye further acquisitions.
    22 September 2008
  • Swiss Re backs new London equine agency
    Swiss Re is backing Galileo Underwriting LLP, a new equine bloodstock underwriting agency based in London, The Insurance Insider can reveal.
    22 September 2008
  • Gallagher UK buys Oxygen's underwriting arm
    US broker Arthur J. Gallagher has announced the acquisition of London-based underwriting agency Oxygen Insurance Managers Ltd, from its broker parent Oxygen Holdings Plc, as previously revealed by The Insurance Insider.
    22 September 2008
  • Aon bolsters energy division with JLT hires
    Aon's energy team is set to receive a boost with the appointments of two energy brokers from Jardine Lloyd Thompson.
    22 September 2008
  • Thofern to head Aon Benfield Re in Germany
    Jan-Oliver Thofern, the recently appointed head of Aon Re Germany, will lead the reinsurance broker's combined German operations once Aon Corp’s acquisition of Benfield Group is completed later this year.
    22 September 2008
  • Insurers on short selling banned list; but major omissions
    Negative trading on major worldwide insurance stocks was halted by global regulators last week in an attempt to stabilise stock markets.
    22 September 2008
  • AIG will try to keep family silver: Liddy
    American International Group (AIG) chief executive Edward Liddy was parachuted into the embattled organisation last week hoping to retain the firm’s core insurance operations.
    22 September 2008
  • Chubb leads AIG $200mn D&O programme
    A lawsuit from a US pension fund filed last week against American International Group Inc (AIG) and a number of its directors - including recently deposed CEO Robert Willumstad...
    22 September 2008
  • Ratings agencies remain cautious as AIG reassures
    Ratings agencies have continued to be cautious on American International Group Inc's (AIG) prospects despite its $85bn US Government rescue on Tuesday (16 September).
    22 September 2008
  • Shareholders meet to keep AIG private
    Leading shareholders in beleaguered American International Group Inc (AIG) are set to meet today in a bid to come up with an alternative plan to the $85bn federal government bail-out that would effectively nationalise the US giant.
    22 September 2008
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