All material subject to strictly enforced copyright laws. © 2022 Insurance Insider is part of Euromoney Institutional Investor PLC.
Accessibility | Terms & Conditions | Privacy Policy | Modern Slavery Act | Cookies | Subscription Terms & Conditions

August 2011/3

  • The Financial Services Authority (FSA) has been taking an increasingly hard-line approach to the requirements on insurers to advertise and notify policyholders on Part VII applications of insurance business, according to law firm Hogan Lovells.
  • Randall & Quilter (R&Q) is closing in on a capital partnership with a US hedge fund in order to boost its acquisition firepower.
  • AIG's muscular approach to litigation continued with a threat to sue Goldman Sachs over mortgage-related offerings, the investment bank said in its 9 August quarterly filing with the Securities and Exchange Commission.
  • American International Group (AIG) has filed a lawsuit suing Bank of America Corporation (BoA) for $10.5bn over residential mortgage-backed securities (RMBS) the lender and its subsidiaries packaged prior to the 2008 financial crisis.
  • Aon eSolutions is suing rival risk management software producer Riskonnect after three of its employees defected, allegedly taking confidential information with them.
  • Ratings agency Standard & Poor's (S&P) says third quarter issuance from the insurance-linked security (ILS) market are on track to beat historical norms for the period, signalling a potential change to the sales cycle.
  • Italian-listed asset manager Azimut has bought a half-stake in insurance-linked securities (ILS) manager Katarsis Capital Advisors and its subsidiary Eskatos Capital Management for EUR7.5mn.
  • American International Group's P&C subsidiary Chartis has withdrawn from writing new UK solicitors' professional indemnity (PI) business, amid claims that the Assigned Risk Pool (ARP) needs a major overhaul.
  • US captive insurers lifted their dividends to policyholders in 2010, as they sought to reward clients who chose not to flee to the commercial market in search of better pricing, according to a survey by AM Best.
  • The terrorism reinsurance market is currently oversupplied with capacity but this could quickly shift in the event of a major loss, broker Guy Carpenter warned last week.
  • International property reinsurers are anxiously anticipating a change in IAG's loss notification from the second New Zealand earthquake after Suncorp added a further $500mn to its total last month.
  • Despite the financial market turmoil of recent weeks, US and Bermudian (re)insurers have seen the estimated fair value of their investment portfolios increase in the third quarter, contributing to solid growth in book value per share (BVPS), according to research from UBS.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree