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Ariel Re to buy Atrium for $380m cash

Class of 2005 Bermudian start-up Ariel Re has made a unanimously agreed cash offer for Lloyd's (re)insurer and managing agent Atrium for 365p a share, valuing the group at £193m ($386m).

Alien reinsurers increase share of US market to 53%

The Reinsurance Association of America (RAA) has reported that in 2006 offshore companies’ share of US unaffiliated reinsurance premium increased to 53.1% in 2006 from 51.8% in 2005, albeit on ceded premium volume that declined 11.9% to $54.7bn.

Amlin opens up shop in Singapore

International specialist (re)insurer Amlin will open an office in Singapore after it was granted approval from the Monetary Authority of Singapore, it announced today.

Auditor takes the stand

Andrew John Sayers, partner at audit firm KPMG, took the stand today as the prosecution’s latest witness, writes Olivier C Laurent .

Chairman sought to hold back 2001 dividend

Former Independent Insurance executive chairman, Garth Ramsay, continued his testimony today after being questioned yesterday by the prosecution and the defence for Michael Bright and Philip Condon, writes Olivier C Laurent .

UK Broker Awards 2007 shortlist announced

Insurance Age is pleased to announce that the following companies and individuals have been shortlisted for the UK Broker Awards 2007, which will take place at The Brewery, Chiswell Street, London on Friday 14 September...

Scottish Re hires new CEO

Scottish Re Group has announced the appointment of George Zippel as president and global chief executive, effective August 10th. He will be joining the company immediately, serving in a transition role and will be based at the company's Bermuda…

Appointment at MMA

Intermediary-only insurer MMA Insurance has appointed Jason Beach as its new Key Account Manager. He will be responsible for supporting a number of MMA’s key strategic intermediary partners. Jason will also work with MMA’s potential new partners to build…

IFS slams curriculum

Educational charity IFS School of Finance has criticised the government's announcement of new nation...

Pick of the Week

Anthony Gould, editor in chief, provides a run down of the major news in this week’s issue of Post Ma...

Appointment at DAS

Following a reorganisation of sales operations at DAS, Andy Westall has been named as head of corpor...

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