Liberty Syndicates has announced that it is entering the agricultural and weather reinsurance market and to that end has hired of a team of specialist underwriters. Operating from the insurer’s Paris office, the new team will underwrite agricultural and weather reinsurance programmes on a worldwide basis including North America, Latin America and Asia. Jean-Christophe Garaix [...]
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 [...]
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 [...]
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 [...]
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 [...]
