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Berkshire times entry to troubled bond sector; buys ING run-off business
An active week at Berkshire Hathaway saw the Warren Buffett-headed firm enter the troubled bond insurer sector, and buy-up a reinsurance run-off unit of Dutch financial services giant ING for $433mn.
31 December 2007
Charlie Cantlay to leave Aon Benfield
Charlie Cantlay, the chairman of Aon Benfield's Global ReSpecialty team and the reinsurance broker's UK operations, is set to leave the firm, The Insurance Insider can reveal
14 January 2011
Greenberg in $115mn AIG settlement
A group of former American International Group Inc (AIG) executives including former chairman Maurice “Hank” Greenberg have agreed to pay $115mn to settle a shareholder derivative lawsuit over payments made to the Starr companies.
12 September 2008
HIH given green light to sue Lloyd’s syndicate
Liquidators for failed Australian insurance company HIH have been given the go-head to sue Lloyd’s Limit Syndicate 386 for Aus$54mn.
06 November 2006
Chaucer tale has more twists to come: Insider comment
By any measure, it was an eventful week for Lloyd's insurer Chaucer Holdings...
29 June 2009
Terrorism insurance growing, but businesses still not prepared
In an era of increased globalisation, "understanding and preparing for political violence has arguably never been more important for business", according to Lloyd's chairman Lord Levene, at the launch of a new report on terrorism.
14 May 2007
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
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 understands.
13 July 2009
Former Stanford liquidator Vantis suspends shares
AIM-listed accounting firm Vantis has been forced to suspend shares and its CEO and another director have resigned after conceding that the firm may not be able to continue as a going concern.
15 June 2010
Up to $2bn cat bonds expected in 4Q
ILS issuance has been stalled by the credit crisis but further activity predicted; 2008 tally will be lower...
11 November 2008
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