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Exclusive: Starr launches into space with $35mn line
CV Starr subsidiary Starr Aviation has entered the satellite insurance market following its acquisition of leading space underwriter International Aerospace Insurance Services (Inter-Aero), The Insurance Insider can reveal.
22 July 2010
IUA: IMF levy proposal ‘hard to justify’
The International Underwriting Association of London (IUA) has said that proposals to include insurers under a global banking tax are "hard to justify".
21 April 2010
CME to trade hurricane futures in Carvill tie-up
In a further sign of growing innovation between the (re)insurance industry and capital markets, the Chicago Mercantile Exchange (CME) is to begin trading hurricane futures and options in conjunction with reinsurance broker Carvill.
15 February 2007
Edwards Angell linked with Kendall Freeman
Insurance specialists Edwards Angell Palmer & Dodge LLP (EAPD) and London-based Kendall Freeman are understood to be considering a merger, Insider Week understands.
29 October 2007
New ILW futures platform will crush transaction costs, predicts founder
The trading of Industry Loss Warranties (ILW) has gained real momentum in the two years since hurricanes Katrina, Rita and Wilma, but critics say its development has been hampered by the high frictional costs...
04 October 2007
XL Re London fac team loses Tatlock; XL Capital ratings threat
Struggling reinsurer XL Re's facultative team has lost a senior property facultative underwriter in its London office, Inside FAC can reveal.
27 October 2008
Hedge Funds gamble on reinsurance
Despite concerns that downwards pricing pressure is building in many property catastrophe lines, cash-rich hedge funds are increasingly drawn to the perceived high reward reinsurance sector. In addition to providing private equity capital to back star
01 December 2004
Hannover Re profit grows as premium shrinks
Hannover Re chairman Wilhelm Zeller once again declared his satisfaction at the German reinsurer’s interim results, as he confirmed that with half year operating profits of $375.4mn, the group was well on track to meet its annual targets.
16 August 2004
Greenberg’s interest in AIG worth just $590mn
The American International Group (AIG) stake owned by Hank Greenberg and the Starr Group has fallen in value from $32bn to just $590mn on a precipitous drop in share value and the gradual selling down of the stake.
22 November 2010
Cat losses hit US insurers' profits
A second consecutive quarter of heavy catastrophe losses took its toll on early reporting US insurers as profits slipped at Allstate Corp, Travelers, Liberty Mutual, WR Berkley and Chubb.
04 August 2008
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