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Broker takeover - Aon swoops for Gallagher Re
Aon has bought "substantially all" of Gallagher Re's loss-making US and UK reinsurance brokerage bus...
Standard Life in $6.7bn life reinsurance deal
Standard Life, the UK life insurer, reinsured £6.7bn of its immediate UK annuity liabilities with Ca...
Airline insurance market unprofitable
The airline insurance market was broadly unprofitable in 2007, according to Aon. A high level of hul...
Munich Re places first $100m of life cat bond deal
Munich Re has announced the placement of the first $100m tranche of a $1.5bn extreme mortality bond ...
Scottish Re looks to sell businesses
Embattled life reinsurer Scottish Re said it is looking to sell its international business and wealt...
P&I clubs maintain discipline at renewal
Protection and indemnity renewal premiums have risen by 10% to 15% in 2008 according to a senior bro...
ABI reiterates flood plain warning
Tougher planning controls are needed if flood insurance is to remain widely available for new homes ...
Monoline insurers - Buffett offers AAA exit for monoliners
Warren Buffett offered monoline bond insurers an olive branch last month, when he offered monoliners...
Commercial property - International property market takes $1.5bn to $2bn hit
The international commercial property market has suffered a string of major losses totaling approxim...
Independent trial makes brief reappearance at Southwark Crown Court
Representatives for Michael Bright, Dennis Lomas and Philip Condon reconvened at Southwark Crown Court today for the first stage of their confiscation hearing.
Helphire CEO heralds closer insurer relations
Helphire this morning reported hire cases increased by 41%, turnover increased by 45% and operating profit by 16% to £23.5m for the six months to 31 December 2007. Profit before tax increased by 7% to £19.4m and eight new insurer contracts signed in the…
Willis group CEO contract extended again
Willis has extended the employment agreement with its chairman and chief executive officer Joseph Plumeri.
Kiln syndicates deliver "strong" performances
R J Kiln has released the final result for its managed syndicates for the 2005 year of account, updated forecasts for the 2006 year of account and initial forecasts for the 2007 year of account.
Open GI launches wholesale broking solution
Open GI has developed a new solution to allow wholesalers to transact volume personal lines business.
Lincolnshire earthquake could cause insured losses of up to £30m
The earthquake that shook the UK On Wednesday could cause insured losses of up to £30m, according to Risk Management Solutions.
Xchanging to offer Acord messaging to all insurers
Underwriters can now receive internationally recognised electronic messages rather than London specific ones.
Aon in major regional recruitment drive
Aon has announced a number of key appointments to its Commercial insurance operation, a part of the Aon Corporate division. The changes follow the recent appointment of Robert Brown as chief executive officer of Aon Corporate.
Omega drops capacity
Omega’s Syndicate 958 has decreased capacity by £25m for the 2008 year of account to £249m.
Tradex acquires black cab specialist
Tradex Insurance has acquired the business of Westminster Motor Insurance Association.
AIG full year net income tumbles 55%
AIG’s full year net income tumbled more than 55% after the insurance giant wrote down $11.47bn in subprime-related losses.
Swiss Re reports 9% decrease in FY net income
Swiss Re reported a 9% decrease in net income to 4.2bn Swiss francs.
Kaupthing Singer & Friedlander Premium Finance up for sale
The premium finance subsidiary of Kaupthing is up for sale, along with all of the asset finance division.