News
LV confirms interest for its hero business
LV has confirmed it has been approached by investors interested in acquiring Hero, the direct insurance and ecommerce subsidiary of Highway Insurance - as reported by Post on 27 November. LV= completed the acquisition of Highway in October 2008.
Aon unveils new business unit following Benfield deal completion
Aon plans to create a new global specialty business unit – Aon Specialty, it said today. The broking giant said the "strategic move" - a combination of Aon Specialty Risks and Benfield Corporate Risks' specialty division - was designed to take advantage…
Aon outlines new role for former Benfield boss Chilton
Grahame Chilton, vice chairman of Aon Group and former Benfield chief, is to lead a multi-year effort to improve growth across all areas of Aon, the broking giant announced today.
Zurich completes acquisition
Zurich Financial Services Group's Brazilian subsidiary Zurich Participações has completed the acquisition of common shares representing 87.35% in Companhia de Seguros Minas Brasil, a BOVESPA-listed company, from Banco Mercantil do Brasil, and two private…
Liberty looks to build European energy account
Liberty Mutual Insurance Europe, part of Liberty International Underwriters, has appointed Didier Robin as vice president energy & construction. Based in France, he is the first energy underwriting appointment for LIU's continental Europe business and…
Results round-up
Munich Re has remained upbeat about the prospects for the world reinsurance profit, despite booking ...
From bad to worse for AIG as Liddy draws $1 salary in 2009
November proved to be another tumultuous month in the history of AIG. At the start of the month, reg...
Berkshire Hathaway Q3 net income drops 77%
Third quarter profits at financial services behemoth Berkshire Hathaway dropped 77% to $1.06bn, down...
Airline renewal rates up by 12%
Airline renewal rates are continuing to climb, according to brokers Aon and Willis. Airline renewal...
Marsh cuts 12 aviation broking jobs
Marsh, the broking arm of Marsh and McLennan, has cut 19 aviation broking jobs at its flagship UK of...
700 jobs to be slashed as Aon looks to 'streamline' after Benfield takeover
As many as 700 jobs will go as part of Aon's takeover of Benfield, Aon said in a statement. Aon sai...
Marsh and McLennan offers shares up for acquisition
Marsh and McLennan (MMC), the financial services giant that owns insurance broker Marsh and reinsura...
Down but not out
Thomas Hess examines what the financial market turmoil means for reinsurers
Recruitment moves
Munich Re has appointed Joachim Wenning as the head of its life reinsurance operation. He has been a...
California wildfire residential losses to hit $800m
Risk modeling firm AIR Worldwide has estimated total insured losses from the Freeway Complex, Sayre ...
Willis revealed as supertanker broker
Willis is thought to be one of the brokers for the hijacked Saudi Arabian supertanker, Reinsurance h...
Reinsurance co-founder passes away
Roy Harris, one of the original founders of Reinsurance nearly 40 years ago passed away in September...
Rates to increase by up to 10% claims S&P
Reinsurance rates for the upcoming 1 January renewals period are expected to jump by between 5% and ...
Marsh to cut 19 aviation broking jobs in London
Marsh, the broking arm of Marsh & McLennan, has cut 19 aviation broking jobs at their flagship UK office in London, Rensurance has learned.
700 jobs to go as Aon completes acquisition of Benfield
As many as 700 jobs will go as part of Aon's takeover of Benfield, Aon said in a statement.
Towergate's Blanc wins achievement award
Amanda Blanc, chief executive officer of the UK broking division at Towergate, this afternoon carried away two prizes at this year's Women in the City Awards, writes Katherine Brandon, reporter, Professional Broking.
Liberty Syndicates to open Brazilian office
Liberty Syndicates is to open a Brazilian office, Reinsurance has learned.
IFEX optimistic for 2009
IFEX is optimistic for the 2009 despite the current maelstrom in the financial markets, a senior director has told Reinsurance.
Ex-Guy Carpenter casualty broker hired by Advent
Chris Rich, one of Guy Carpenter's biggest casualty brokers has joined Advent as a casualty underwriter, Reinsurance has learned.