• X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free trial
  • Log in

May 2008/1

  • Swiss Re shares slid more than 6 percent to SFr82.30 after the reinsurance giant continued to disappoint analysts with further structured credit losses that halved Q1 profits.
  • London market has most to gain by joined-up response to EC's scrutiny of co-insurance
  • Bermudian run-off company Enstar and US investment firm accused of 'hatching scheme' to sell insurance companies
  • IAG looks increasingly vulnerable following earnings disappointment and with QBE's bid extended once more. Will anyone else join the hunt?
  • New issuance of catastrophe bonds and sidecar capacity in 2008 will be less than the record levels in 2007, due to low cat losses and softening traditional markets, predicted ratings agency Standard & Poor's (S&P).
  • With Royal Bank of Scotland's advisers poised to issue sale particulars, there is a rush of interested parties. But who will win the £6bn+ race?
  • Although it didn't reveal further significant impact from its relationship with troubled affiliate SCA, XL Capital Ltd reported a 49 percent drop in net income for the first quarter 2008 on the prior-year period, to $276.9mn, as investment losses bit.
  • A number of Bermudian (re)insurers provided evidence of the impact of unprecedented Q1 large risk losses on profits for the period.
  • The loss-struck satellite insurance sector is facing another claim with solar array problems on a Nigerian satellite, NIGCOMSAT-1.
  • Lloyd's could admit a new type of member with the ability to build up reserves similar to conventional insurers without resorting to changes in the legislation governing the Corporation, according to the UK Treasury.
  • Heath Lambert's proposed sale of its wholesale operations could be endangered by opposition from at least one key executive.
  • The key Florida property cat market provided a boost for the reinsurance sector with state insurer Citizens Property Insurance Corporation’s decision to return to the private market for cover.