• X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
Insurance Insider is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

November 2009/2

  • Rating agency Fitch said its concerns over reinsurers' ability to tap capital markets following a significant catastrophe have "sufficiently eased" after revising its outlook on the global reinsurance sector from negative to stable.
  • Spanish competition authority the Comisión Nacional de la Competencia (CNC) has fined local insurers Asefa, Mapfre and Caser as well as leading global reinsurers, Munich Re, Swiss Re and Scor a total of EUR120mn for operating a cartel.
  • Marketform, the Lloyd’s insurer majority owned by the US firm Great American Insurance Group, is undertaking a significant reshuffle of its executive operations to improve its “corporate governance”.
  • So-called ‘mega-claims’ are now a common occurence in the power (re)insurance market, with almost half of the $9.85bn total loss recorded over the last ten years the result of just 16 claims.
  • UK insurer Brit has laid out the timetable for its redomicile to the Netherlands in a reorganisation that it is expected will see a new holding company listed on the London Stock Exchange on 21 December.
  • The share price of UK-quoted Randall and Quilter (R&Q) had fallen by 15.02 percent to 107.5p at the time of writing in the wake of today’s crucial LMX-related High Court judgment against the run-off management firm.
  • Lloyd's lead (re)insurance stocks down; Valuations falter; Gap narrows further between Lloyd's and Bermuda.
  • Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP.
  • As the major brokers reported their Q3 results Aon was left defending the effect that its $1.4bn purchase of independent reinsurance broker Benfield in Q3 2008 had...
  • Scottish Lion appeal fast-tracked in bid for certainty while Minster scheme continues.
  • Time last year, as the financial crisis went global, credit spreads were ballooning, banks were crumbling and insurance companies were suffering heavy losses on...
  • Losses from Central European banks fuel growing loss bill; but experts say the industry is responding well.