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Spinnaker targets other states after Louisiana launch
Programme carrier Spinnaker is targeting other US southeast states including Texas and Florida as it continues to build out its underwriting and distribution platform in the homeowners' market and beyond, The Insurance Insider revealed earlier this week.
David Bull
,
03 June 2016
AIG gets AM Best reprieve
In a much needed boost to AIG, the insurance giant has had its financial strength and issuer credit ratings removed from under review with negative implications by AM Best today (2 June).
David Bull
,
03 June 2016
Twia confirms $100mn reinsurance cutback
The Texas Windstorm Insurance Association (Twia) confirmed today (2 June) that it had reduced the size of its traditional reinsurance programme by $100mn.
Dan Ascher
,
02 June 2016
Greenberg must face fraud trial
Former AIG boss and current CV Starr CEO Maurice “Hank” Greenberg must face fraud charges in a long-running legal battle brought by the New York attorney general, the state’s supreme court has ruled.
02 June 2016
Extremus mulls international terror offering
German state-backed terrorism insurer Extremus Versicherung is considering extending its coverage internationally, according to reports
Catrin Shi
,
02 June 2016
Pimco lawsuit against AIG to proceed
A lawsuit brought by fund manager Pimco which accuses American International Group (AIG) of lying about its subprime mortgage exposure will continue after a California judge rejected the carrier's protests yesterday (1 June).
Matthew Neill
,
02 June 2016
AIR highlights off-floodplain risk in Germany
Several days of heavy rainstorms led to major riverine and flash flooding in southern Germany, with Lower Bavaria the worst-hit area
Lucy Jones
,
02 June 2016
Analysts 'staggered' by Munich Re’s EUR1bn Ergo overhaul
Munich Re’s plan to invest EUR1bn into its insurance subsidiary Ergo as it slashes 1,800 jobs amid a massive overhaul has “staggered” Keefe, Bruyette & Woods analyst William Hawkins.
02 June 2016
Hogarth to use private vehicle to fund Gable’s capital needs
The proposed sale of Liechtenstein-based insurer Gable to Hogarth Underwriting Agencies has collapsed after Gable CEO and Hogarth owner William Dewsall branded the deal inappropriate.
Matthew Neill
,
01 June 2016
Anbang hits regulatory hurdle in FGL acquisition
Chinese insurer Anbang Insurance Group has withdrawn its request for US regulatory approval of its pending acquisition of life insurer Fidelity & Guaranty Life (FGL).
Catrin Shi
,
01 June 2016
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