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November 2009/2

  • Gilmour also to join Enstar-backed firm as new CEO arrives.
  • Former Benfield Group chairman is frontrunner...
  • Moody's and Standard & Poor's (S&P) must respond to fraud charges accusing them of masking the risks of the collapsed Cheyne Structured Investment Vehicle (SIV).
  • French reinsurance group Scor is understood to be contemplating a new cat bond in the Atlas series, while leading ILS manager Goldman Sachs is working on three ILS...
  • Industry loss warranty (ILW) volumes in Q4 have been boosted by livecat trading during October's Typhoon Melor and the purchase of Europe-exposed and US quake peril contracts.
  • In a landmark decision, a UK High Court Judge has ruled that Berkshire Hathaway’s run-off vehicle Equitas may recover reinsurance losses based on modeled calculations of the notorious LMX spiral from Randall & Quilter (R&Q)-owned reinsurer Brandywine.
  • O’Neill set to join Marketform; R&Q named ARC company of the year; UK non-life run-off liabilities up 30%...
  • 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...
  • Strong trading at Q3 but how will its credit/political risk exposures develop?
  • (Re)insurers are not banks, says Geneva Association; Axa on M&A trail with EUR2bn rights issue; Hedge fund takes Glacier reins; IPC gains boost Validus and Max profits...
  • Mitsui Sumitomo hires senior franchise exec; Wildnet investors sell stakes; Corfield leaves Liberty; AEGIS London enters A&H; Brit parts company with PI execs...
  • The broking giant and AIG were served with a lawsuit by US commodity producer and distributor Seaboard Corp at the end of October.