Willis Group Holdings has announced the appointment of Vince McGeehan as Executive Vice President and Managing Director of Willis Bermuda, effective immediately. He is responsible for the company’s insurance broking operations in Bermuda. He previously served as Senior Vice President, …
New players in London’s specialized cash in transit (CIT) coverage market could lower the premiums paid by Global security firms by “up to 20 percent” according to a bulletin from Aon’s fine art & specie team. Aon said it welcomes …
An analysis of the global reinsurance sector from Fitch Ratings London office concludes that the outlook “”remains stable.” Fitch said it “believes that individual companies’ operating performance, capitalization, and anticipated market conditions, despite their deterioration over the past year, will …
Bermuda-based Endurance Specialty Holdings Ltd. announced the appointment of Lauren Kent as Senior Underwriting Manager and Head of Reinsurance for Endurance Worldwide Insurance Limited in London. She has 18 years of industry experience including five years with Endurance, where she …
Standard & Poor’s Ratings Services has released findings, which show that ‘natural catastrophe bonds (‘nat cats’) have proven generally resilient during the capital market’s turbulence over the past year.” They are currently the “main insurance linked securities (ILS) asset class,” …
A report from Willis Group Holdings indicates that “while the Marine insurance market remains relatively weak overall, there are some signs of hardening, with firmer rates being seen in a few very specific sectors, namely the Protection & Indemnity (P&I) …
Aon Corporation, Benfield Group Chicago-based Aon Corporation and UK-based broker Benfield Group Limited reached agreement for Aon to acquire Benfield for £3.50 ($6.55) per share in cash and assume £91 million ($170 million) of Benfield net debt, representing an enterprise …
Aon, Benfield Chicago-based Aon Corp. is acquiring UK-based broker Benfield Group Limited for about $1.75 billion. The price includes $6.55 (£3.50) per share in cash and the assumption of $170 million (£91 million of Benfield net debt). The consideration represents …
The Modernization of Lloyd’s and the London Market Any institution — and there aren’t many — that survives and thrives for 320 years must find ways to adapt to changing conditions. Lloyd’s of London’s transformation offers some insights as to …
Aon, Benfield Chicago-based Aon Corp. is acquiring UK-based broker Benfield Group Limited for about $1.75 billion. The price includes $6.55 (£3.50) per share in cash and assumption of $170 million (£91 million) of Benfield net debt. The consideration represents a …
