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Earthquake kills 2,000 in China
A magnitude 6.9 earthquake that struck a remote region in China on 14 April has now killed almost 2,000 people and left tens of thousands homeless, according to latest reports.
19 April 2010
Alleghany’s Hicks puts emphasis on Transatlantic’s independence
US P&C insurer Alleghany will assume the management of Transatlantic Re's $13.7bn investment float and determine the allocation of capital between subsidiaries, but the reinsurer will otherwise retain the right to chart its own path.
28 November 2011
London digest
Reinsurers weigh up UK motor quota share; QBE reinsurance rejig; Pensions shadow Miller; Lancashire picks Whelan; Russia with Lloyd's
11 November 2010
Greenberg sells 10mn AIG shares
Maurice "Hank" Greenberg - former CEO of American International Group (AIG) - has sold the majority of his remaining shares in the insurance group to UBS.
23 March 2010
BNP Paribas closes life securitisation
A US subsidiary of Prudential Financial has closed a $2bn letter of credit deal with a number of banks in the largest life securitisation since the 2008 financial crisis.
31 October 2011
Fitch affirms AXA
French giant AXA had its Fitch financial strength rating affirmed at AA today (17 January), and its Long-term and Short-term ratings at A+ and F1 respectively, all with a stable outlook.
17 January 2005
Consolidation pressure remains despite tax hurdle
What are the chances of the all-paper $3.16bn Max Capital Harbor-Point marriage to form Alterra Capital sounding the starting pistol for a merger and acquisition (M&A) frenzy?
10 March 2010
PCI warns low investment returns put pressure on underwriters
The investment return slump in the last five years has shifted the onus onto underwriters to generate (re)insurance profits, according to the Property Casualty Insurers Association of America (PCI).
28 June 2010
Omega facing $46mn Q1 cat bill
Lloyd's takeover target Omega has informed investors that its likely losses from first-quarter catastrophes stand at $45.7mn
12 April 2011
Doubts surface over AIG’s $725mn Ohio settlement
AIG's $725mn Ohio pension funds settlement appeared to bring long-running securities litigation to a close. But closer scrutiny has raised doubts over its ability to fund its obligations.
22 July 2010
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