Reinsurance
Working his way up
In an exclusive interview, Chris Harris takes us through the progress of the company, the differences between London and Bermuda, and the outlook for Montpelier and the reinsurance industry as a whole
MMC to cut 900 jobs as profit falls
Marsh and McLennan, the owner of brokers Marsh and Guy Carpenter, said it will lay off 900 employees...
Public enemy number one?
FAIR plans
Carvill in 'exploratory talks' with Stone Point over stake sale
Insurance broker Carvill is in the process of selling a stake in its business to US private equity h...
First half results have reinsurers feeling gloomy
Falling (re)insurance prices, subprime writeoffs and lower investment income all contributed to a di...
Hurricane Gustav closes in on New Orleans
Hurricane Gustav, which is closing in on the coast of Louisiana, could produce a storm surge of between 13 and 18ft if it gets to a Category 4 hurricane as forecast, and may overtop some floodwalls and levees in New Orleans if it were to hit the city,…
MMC forbidden from poaching Benfield brokers
MMC has been barred from approaching Benfield staff after it failed to buy Benfield last week, sources have told Reinsurance.
Gustav forecast for oil disruption
The Gulf of Mexico is standby for tropical storm Gustav after news that the storm might intesify to a major hurricane before hitting its oil fields.
Castlepoint acquiring specialty insurer Hermitage for $135m
(BestWire) CastlePoint Reinsurance, a Bermuda-based subsidiary of CastlePoint Holdings, is acquiring specialty insurer Hermitage Insurance Group for about $135m.
Benfield relents to Aon approach
News Analysis: Broker takeover
Appointment at Integro Insurance Brokers
Integro Insurance Brokers has promoted Patricia Moores and Terry Rolfe as co-leaders of its aviation...
Will Benfield takeover kick start deal bonanza?
When a national newspaper reported in August that Aon was in talks to buy Benfield it appeared that ...
Aon CEO talks up potential
Aon has acquired its long-term rival Benfield in a deal worth £844m, which includes £3.30 per share ...
Appointment at International Space Brokers
International Space Brokers, part of Benfield Corporate Risk, has revealed a new management structur...
Broker trio in start up
A trio of former Guy Carpenter corporate finance managers have unveiled a new start-up offering advi...
Pick of the week
Provident draws up new toba; Ecclesiastical cultivates reinsurance deal; Zurich targets broker with charity offerings; and Fortis lands £20m Toyota deal
Ex-Guy Carpenter trio return to market with start-up Atlas
Three of the mergers and acquisitions team ousted from Guy Carpenter have returned to the market with the start-up of corporate advisory team Atlas Partners.
Former Guy Carpenter MD unveils start up
A new insurance-focused corporate finance advisory practice has been unveiled today. Called Atlas Partners it is led by managing partner Paul Lumbis, formerly managing director of Guy Carpenter corporate finance, Europe.
Aon eyes more acquisitions after Benfield deal
(BESTWIRE) Swallowing up the third-largest reinsurance broker in the world widens Aon's lead as the world's largest insurance and reinsurance intermediary and gives it a dominating presence in several key reinsurance markets, and that might only be the…
Benfield price surges 27.49% on Aon bid
Benfield's share price ended the day on 345 pence following the news of Aon's £844m bid for the company.
Benfield CEO expects no exodus after Aon takeover
Aon group chief executive Greg Case has said that the takeover of Benfield will form a combined group that is “very unique.”
Aon CEO Case: Aon - Benfield combination unique
In a deal announced late August, Aon said that it would offer $1.75bn (£935m) for the deal – which will take on £91m in Benfield debt, giving the deal a total value of £844m ($1.57bn).
Benfield directors set for £134m windfall after Aon deal
Benfield's directors are set for a monster windfall after the completion of the company's £844m takeover by rival Aon.
Aon/Benfield deal could lead to more deals in next few years
The acquisition of Benfield by Aon could lead to a further raft of takeovers of Lloyd's vehicles, a senior analyst at a US bank told Reinsurance .