January 2009/3

US regulators' forum the National Association of Insurance Commissioners (NAIC) is to hold a public hearing next week to gauge public and industry opinion of proposals to provide US life insurers capital relief as turmoil lashes global financial markets.

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...

Nomura's comments (see article 1: (Re)insurance stocks hit as banks bailed out again) came as the UK government unveiled a further bailout of the banking sector, at the centre of which is an insurance scheme that would effectively see the taxpayer underwr

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...

With governments once again in bail-out mode as the banking sector both sides of the Atlantic lurched into its latest crisis, the (re)insurance sector - despite its relatively bright outlook - is again struggling to decouple itself from the fortunes of it