December 2007/2

Swiss Re's shares lost 20 percent of their value in just four weeks following the firm’s shock SFr1.2bn ($1.1bn) mark-to-market loss from credit default swap exposures.

It may still be unlikely, but there is always the potential of the nightmare scenario envisaged more than 20 years ago by industry legends Robert Clements and Robert Newhouse when they set up...

The Insurance Insider believes Marsh has made an excellent capture with its new chief executive, Dan Glaser

AIM listed Heritage rejects approach; Ironshore remains interested

Marsh UK is mulling a major overhaul of its embedded legacy burden with the outsourcing of its entire back office, The Insurance Insider can reveal.

The proposed Scheme of Arrangement for Sphere Drake, part of the WFUM pool, was sanctioned in the UK High Court on 6 November.

The dusty arguments over the UK’s ability to wind up solvent (re)insurance companies through a process called schemes of arrangement were given a fresh airing last month at the Mealey's Global Reinsurance Forum in Bermuda.

US prosecutors have named Berkshire Hathaway chairman Warren Buffett as a witness in the criminal trial of former General Re and American International Group (AIG) executives.

Gallagher 'not thrilled' with reinsurance results; Newly formed AIG UK appoints board heavyweights; Hardy outlines Bermuda redomiciliation plan; Levene says tax break still on...

AIG leads Turkish crash cover; Earthquake triggered Caribbean cat fund; Ping An takes Fortis stake; Aon raids Willis for construction executives...

A recent UK High Court decision has outlined the dangers to reinsureds of making misrepresentations to their reinsurers either directly or through a broker.

Reinsurers have been ordered to settle a $57mn disputed all risks reinsurance claim with global mining giant Anglo American's captive insurance company Coromin.