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November 2009/2

  • A hard core of companies who wrote reinsurance on the Sempra liability programme are continuing to resist payment, though no party in the acrimonious stand off has yet...
  • 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...
  • Despite a 15 percent recovery in shareholders' funds in the first nine months, Berkshire Hathaway shows little sign of getting its appetite back for cat reinsurance.
  • 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...
  • A lot can happen in four years but, one way or other, Royal Bank of Scotland will have sold its P&C insurance operations, RBS Insurance (RBSI), by 2013.
  • The International Association of Insurance Supervisors (IAIS) highlighted the important role of microinsurance "as a means of socio-economic development" at its annual conference.
  • US insurers Seaton Insurance Co and Stonewall Insurance Co's long-running case against Randall & Quilter (R&Q) founder Ken Randall is approaching appeal.
  • 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...
  • Malawi and Caribbean countries may be the next to access the World Bank's new ILS template for developing nations, after the $290mn MultiCat Mexico 2009 transaction closed.
  • 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.