June 2009/5

After revealing it was discussing selling a portion of its interest in French insurance broker Gras Savoye & Cie, global broker Willis has reiterated its strong commitment to the leading Gallic intermediary.

UK-quoted broker Thompson Heath Bond Group plc (THB) has pointed to sluggish insurance markets for a fall in the group's earnings at the six-month stage.

The British Insurance Brokers' Association (BIBA) has formed its BIBA London Market Region Committee (LMRC) to represent London market brokers.

Economic consultant NERA has found that the volume of credit crisis-related litigation exploded by 172 percent in 2008...

The biggest risk to prospects of recovery from the recession and global economic slump is the potential for the global bond market to break down, according to Standard & Poor’s (S&P) chief European economist, Jean-Michael Six.

Legendary investor Warren Buffett doused hopes of a fast recovery in the US economy, saying he sees no sign of a rebound in the businesses his Berkshire Hathaway conglomerate backs.

The growing popularity of quota share reinsurance as a form of underwriting capital was underscored with news that Bermudian (re)insurer Flagstone Re is the leader on the £50mn transaction that enables Lloyd's insurer Chaucer Holdings to...

Hannover Re and Munich Re last week released estimates of their exposure to the largest man-made loss of the year - the 1 June Air France crash in which 228 people died.

American International Group (AIG) has revealed that it has obtained permission from the US authorities to position its top two international life insurance franchises for initial public offerings.

The proposed Scottish Lion scheme of arrangement returns to court next month, in a hearing that will determine what impact a dissenting minority of policyholders may have on the initiative.

US insurer The Hartford Financial Services Group has closed the deal that sees it tap TARP (Temporary Asset Relief Program) US bailout funds to the tune of $3.4bn.

Fairfax Financial Holdings Ltd has been told by US regulator Securities and Exchange Commission (SEC) that its three-year long investigation into the firm is now closed and it will not recommend any enforcement action.