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Industry faces possible loss from Washington train crash
(Re)insurers are facing the possibility of a property and business interruption loss after last week's train crash on the Washington Metro, in a programme placed by Aon, The Insurance Insider's sister publication Inside FAC reports.
29 June 2009
S&P warns on 'bond market bubble'
The biggest risk to prospects of recovery from the recession and global economic slump is the potential for the global bond market to break down, according to Standard & Poor’s (S&P) chief European economist, Jean-Michael Six.
29 June 2009
Ex-Gen Re CEO Brandon vindicated as regulators close file
Joseph Brandon - the former General Re CEO who was forced to resign amid growing pressure from US regulators over a controversial finite reinsurance transaction with American International Group - can return to the industry with his reputation intact.
07 February 2011
Ex-Gen Re CEO Brandon vindicated as regulators close file
Joseph Brandon - the former General Re CEO who was forced to resign amid growing pressure from US regulators over a controversial finite reinsurance transaction with AIG - can return to the industry with his reputation intact
07 February 2011
$233mn alternative investment hit spoils Max's party
Max Capital has revealed a negative return of approximately 20 percent on its alternative investment portfolio for 2008, prompting unrealised asset write-downs of around $233mn and a full-year loss and negative net operating return on average shareholders
26 January 2009
Florida split as storm season begins
Once again the Florida (re)insurance market has provided diversion for neutral observers, as claims that the state-backed catastrophe fund's pre-storm finances have never been stronger contrast with the chequered history of many of its thinly capitalised homeowner insurers.
26 May 2010
R&SA appoints Culmer
Royal & Sun Alliance, the UK’s second largest non-life insurer, has appointed George Culmer to replace Julian Hance as the Group chief financial officer.
05 January 2004
Greenberg now awaits Round II in AIG-SICO battle
After a US federal jury ruled that Starr International (SICO) did not misappropriate assets from an American International Group (AIG) trust set up to compensate senior AIG executives, Maurice “Hank” Greenberg is now awaiting...
13 July 2009
Barbican secures flexible capital from Scor/Lloyds TSB to support '09 plan
Barbican has emerged as one of a number of Lloyd's insurers adopting a flexible approach to meet increased capital requirements.
13 July 2009
Following markets put upward pressure on airline rates
Static premium rates for lead hull & liability during June disguised an underlying trend in following markets that will see many airline operators find their cost of insurance higher than last year, according to broker Aon.
14 July 2008
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