Marsh & Mclennan threatens Aon’s takeover of Benfield
by Gill Montia
Story link: Marsh & Mclennan threatens Aon’s takeover of Benfield
According to a report in the Telegraph this weekend, US insurance broker Marsh & McLennan is now assessing whether it can make a counter bid.
Benfield is the world’s third-largest reinsurance broker and has long been a takeover target for larger rivals Aon, Marsh & McLennan and Willis Group Holdings.
Aon made an £844 million cash offer […]
IUA chief creates London Market blog
by Gill Montia
Story link: IUA chief creates London Market blog
The chief executive of the International Underwriting Association (IUA), which represents international and wholesale insurance and reinsurance companies, is to begin a weblog that will provide an insight into the London market and the work of the IUA.
Dave Matcham’s blog will appear on the IUA’s main website and will focus on topical issues facing the […]
Aspen Move Forward In Capital Buyback
by Stewart Douglas
Story link: Aspen Move Forward In Capital Buyback
Insurance group Aspen has today announced that it is to launch an aggressive share repurchasing scheme to secure $50 million of its ordinary share capital from the open market in order to strengthen its current position within the market and allow an increased retention of company profits over the medium term.
The move will see the […]
Lloyd’s Post Healthy Half-Term Profits
by Stewart Douglas
Story link: Lloyd’s Post Healthy Half-Term Profits
Lloyd’s has today announced healthy interim profit figures gross of tax, topping £1.8 billion for the first half of the year 2007 to the end of June, largely as a result of favourable market conditions.
The figures released today far surpass the earnings of the same period last year, which saw it realise interim profit figures […]
