March 2008/5
-
Bermuda-headquartered Lloyd's (re)insurer Hiscox Ltd has teamed up with brokers Allison & Partners (A&P) to launch INSPIRE, providing specialist cover targeted at specialising in UK and European small to medium-sized businesses (SME).
-
Class action pioneer Melvyn Weiss will plead guilty to making improper payments to clients in a kickback scheme, according to his lawyer.
-
Aspen Insurance Holdings Limited has promoted Julian Cusack to chief operating officer.
-
German giant Hannover Re has received a ratings boost from Moody's Investors Service after the ratings agent upgraded the reinsurer's financial strength rating to A2, from A3 last week.
-
Italian insurance giant Generali will utilise its EUR3.2bn excess capital to target acquisitions next year, the firm announced.
-
Ratings agency AM Best has affirmed Swiss Re's A+ (Superior) financial strength rating and removed it from review with negative implications after receiving reassurance over the firm’s exposure to credit default swaps (CDS).
-
Chubb insures the primary layer of the Marsh-placed $75mn directors' and officers' (D&O) programme for beleaguered investment bank Bear Stearns, our sister title The Insurance Insider revealed last week.
-
Security Capital Assurance (SCA) has fought back against a lawsuit filed by Merrill Lynch & Co alleging its financial guarantee subsidiary XL Capital Assurance Inc (XLCA) is attempting to avoid...
-
Bermudian firm ACE Ltd is moving its holding company from the Cayman Islands to Zurich, Switzerland.
-
A spate of losses has resulted in space insurers targeting premium increases of up to 30 percent, according to broker Aon in its latest report on the sector.
-
Legislation to scale back the Florida Hurricane Catastrophe Fund (FHCF) has been unanimously passed in the state's Senate Banking and Insurance Committee.
-
Clive Briault, managing director of retail business at the Financial Services Authority (FSA), has left the UK regulator as part of a reshuffle following the Northern Rock crisis.