January 2009/3

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.

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...

Aon Benfield, the reinsurance arm of broking giant Aon Corp, confirmed last week it is to outsource its UK back office following the £935mn merger of the two firms last year.

Munich Re-owned Lloyd's Syndicate 457 leads the cover for the theft of approximately $108mn of diamonds from the prestigious Paris branch of jeweller Harry Winston last month, with cover understood to be placed by Willis.

Troubled global insurer AIG's asset sales have continued with an agreement to offload its financial products division's commodity index business to Swiss banking group UBS for up to $150mn.

Willis placed the cover on the US Airways Airbus A320 which crashed into the Hudson river, New York shortly after take-off on the 15 January.