January 2009/3

The heaviest prospective loss in British financial history sent Royal Bank of Scotland shares spiraling down 70 percent today (19 January) and made the bank's up-for-sale insurance arm technically worth more than the entire market capitalisation of the...

Convergence stalwart Hannover Re has successfully completed a EUR100mn embedded value life transaction, proving that the foundering life securitisation market still has a pulse.

London-based broker RFIB Holdings Ltd reported revenue and profit growth for the 12 months to 30 June 2008 and said it expects the pattern to continue as the impact of new teams boosts performance and the stronger dollar begins to filter through.

UK-listed run-off vehicle Tawa plc's share price is now two thirds lower than its 2007 IPO price as financial market turmoil and investor fears...

BNP Paribas and Deutsche Bank are marketing a $200mn US wind and quake cat bond for French reinsurer SCOR, our sister title Trading Risk revealed on 15 January.

Aon Benfield predicted last week that insured losses arising from the alleged $50bn Bernard Madoff Ponzi scheme could reach as high as $3.8bn.

As the world awaits President-elect Obama's inaugural address tomorrow (20 January) the (re)insurance industry is looking on anxiously to see how the new President and his likely treasury secretary, current president of the Federal Reserve Bank...