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Converium upgrade boosts SCOR defence
The timing of Converium's upgrade to its desired A- financial strength rating from Standard & Poor's (S&P) couldn’t have been better as it attempts to shake off the hostile attentions of rival SCOR.
09 March 2007
Competition Commission questions Lloyd's agency takeover
Lloyd's Names will be able to give their views on Hampden Private Capital's acquisition of the Names' advisory business of CBS Private Capital after receiving a questionnaire from the Competition Commission last Friday (11 August).
14 August 2006
US rates show only limited signs of hardening
As the US property and casualty (P&C) industry converges on Orlando, Florida, for the annual RIMS conference, one of the key themes is the impact the economic crisis is having on the market.
20 April 2009
Montpelier Re asks for time
After downgrade and developing hurricane losses, investors await strategic plan... Post-9/11 start-up Montpelier Re has pleaded for patience from investors as it formulates a strategic plan to recover from heavily deteriorating hurricane losses that...
04 November 2005
Natural Cats remain major threat
European insurers are more concerned about natural catastrophes than the two events that have dogged the industry in recent years – terrorism and historic under-reserving.
23 June 2003
R&Q ends Pro acquisition talks
The proposed sale of Swiss Re run-off unit Pro Insurance Solutions (Pro) to UK listed run-off acquisitions group Randall & Quilter (R&Q) is off after the parties failed to agree terms, The Insurance Insider revealed last week.
20 July 2009
Travelers proposes federal shift in wind rate regulation
US insurance giant The Travelers Companies has proposed shifting regulatory rate making authority for wind and named storm coverage from state level to an independent federal commission...
20 July 2009
AIG crisis rumbles on
Financial impact worse than feared as beleagured insurer battles its past. Bitter recriminations between the current and former management of American International Group (AIG) hotted up this month, almost overshadowing the revelation by the embattled.
13 May 2005
QBE Europe puts 200 IT staff in consultation over restructure
QBE Europe has kicked off a 90 day consultation period with staff over potential redundancies as it looks at restructuring options for many of its support functions...
20 July 2009
Europe now probes brokers' remuneration practices
Two years after the New York attorney general Eliot Spitzer was alerted to the existence of so-called Placement Service Agreements (PSAs) between brokers and insurers, the European Commission has turned its attention to...
07 July 2006
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