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May 2008/4
  • Aon Re Germany chief named
    Aon Re Global has named Jan-Oliver Thofern as the new head of its German reinsurance arm, Aon Ruck.
    27 May 2008
  • SCOR launches London hub
    French reinsurer SCOR has announced details and the launch of its London "hub".
    27 May 2008
  • Travelers 'fine tunes' investment outlook
    US insurer The Travelers Cos Inc has said that a "fine tuning" of its projected investment income should see operating earnings at the lower end of previous forecasts this year.
    27 May 2008
  • PartnerRe in $250mn debt issue
    Bermudian-headquartered reinsurer PartnerRe Ltd is to issue $250mn in a bid to repay debt.
    27 May 2008
  • Omega defies gloom with upbeat trading message
    Shrugging off a number of downbeat trading statements from rival Lloyd's insurers, Omega Insurance Holdings Ltd said last week that it is confident about its 2008 performance following a strong quarter.
    27 May 2008
  • Heritage maintains syndicate forecasts
    Lloyd's insurer Heritage Underwriting Agency plc, which was acquired by Bermudian Argo International Group earlier this year, has maintained its previous forecasts on its Lloyd's syndicates.
    27 May 2008
  • Lessons from credit crunch could end FSA's 'light touch'
    The UK's Financial Services Authority (FSA) may call time on its "light touch" after reviewing its position following fall-out from the credit market turmoil.
    27 May 2008
  • Quake to cost Chinese insurers a mere $43mn, says regulator
    The recent devastating earthquake in China's Sichuan province will cost the country's insurers a mere $43mn, according to the China Insurance Regulatory Commission (CIRC).
    27 May 2008
  • Lloyd's members vote for reform proposals
    Members of Lloyd's voted overwhelmingly in favour of the proposed amendments to the Act governing the market.
    27 May 2008
  • SEC scrutinises second deal in Greenberg investigation
    The investigation of American International Group's (AIG) former chairman and CEO Hank Greenberg over his alleged role in the controversial finite reinsurance transaction that was used to boost the firm's earnings also includes a second deal, according to
    27 May 2008
  • Pension fund sues AIG
    A Florida pension fund is suing American International Group (AIG) accusing it of making misleading statements about the company's finances.
    27 May 2008
  • AIG downgraded despite $20bn capital raise
    Moody's downgraded the debt ratings of American International Group (AIG) last week despite the insurance giant completing a $20bn capital raising exercise.
    27 May 2008
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