November 2008/2

Although investment losses combined with hurricanes led to widespread net losses reported for the third quarter – especially among Bermudians – the majority are still on course to deliver full-year profits...

Arch launches $400mn Dublin hub; FHCF fears mount; Airline premiums up; Rock resigns from Ironshore; Spitzer charges dropped; Carroll to leave Swiss Re

A disagreement over the issue of mandatory commission disclosure was behind the October decision by the London Market Insurance Brokers’ Committee (LMBC) to break away from the British Insurance Brokers’ Association...

The sluggish 2008 reinsurance market saw Guy Carpenter’s underlying revenues fall 10 percent at the third quarter from $226mn to $205mn, although the firm’s cost-cutting programme enabled the margin to remain unchanged.

Volatility in the financial markets has led to significant fluctuations in the valuation of Lloyd’s listed vehicles – and potential suitors in the international property casualty (re)insurance industry.

Former Brit Insurance COO Kathy Lisson is set to be unveiled in a senior position at the European operations of QBE Group, The Insurance Insider understands.

American International Group (AIG) has thrown financial incentives at key executives in a bid to prevent a talent drain.

With doom-mongers beginning to measure American International Group’s (AIG) future in terms of weeks as the inadequacy of its September government bail-out package became obvious, a revamped $150bn rescue looks to have bought...