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Tax break boosts German insurers
German insurance companies are set to enjoy substantial tax breaks, the German finance ministry has confirmed.
13 October 2003
SCA downgraded to junk: concern over impact on XL
Embattled Security Capital Assurance Ltd (SCA) has fought back over its downgrade to junk status by Fitch Ratings, as analysts continue to warn over the knock-on impact on 46 percent owner XL Capital.
07 April 2008
Advent unperturbed as Fairfax extends takeover offer
Advent Capital Holdings plc's senior management is not uncomfortable with its long-term partner Fairfax Financial Holdings having taken control of the company last week, The Insurance Insider understands.
01 September 2008
AIG investigated over credit default swap valuation
American International Group Inc (AIG) is being investigated by the Securities and Exchange Commission (SEC) over its valuation of contracts linked to sub-prime mortgages, according to reports.
06 June 2008
Zurich to pay $545mn to close US suit
Zurich Financial Services Group (ZFS) has agreed to pay $455mn to settle a class action suit brought in California against its Farmers Group subsidiary (FGI) and a further $90mn in legal fees.
07 October 2010
Insurers not liable for Bear Stearns settlement
Insurers are not liable for covering any part of an $80mn settlement made by troubled investment bank Bear Stearns over its stock research practices, the New York Court of Appeals has ruled.
07 April 2008
Swiss Reshuffles finally
After weeks of speculation, Jacques Aigrain resigned as CEO of Swiss Re just days after the troubled reinsurance giant confirmed a hefty full-year 2008 loss and a series of measures to shore up its balance sheet.
16 February 2009
Inside PSAs - the losers...
The New York attorney-general’s extraordinary allegations of bid-rigging at Marsh - and some of the world’s largest P&C insurance companies - have stunned the industry.
01 October 2004
Low cat year sees earnings focus on reserve releases, investments and FX
With little in the way of underlying growth prospects or catastrophe losses to report, reserve releases and a partial reversal of investment losses are likely to dominate Q2 figures as the US and Bermudian earnings season begins in earnest this week.
27 July 2009
Aspen Re appoints bankers for possible IPO
Reinsurance spin-off Aspen Re has appointed bankers Credit Suisse First Boston and Goldman Sachs to advise on a possible $1bn+ US listing, according to sources.
13 October 2003
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