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Counting the cost
AIG’s fate remains uncertain as financial storms continue to rage...
07 October 2008
$250mn sat loss placed by Willis
The $250mn loss of an African telecommunications satellite at the end of last year was placed in the space insurance market by Willis, with cover understood to be led by Munich Re.
04 February 2008
Bidders whittle down in RBS' £6bn+ auction
There are thought to be around six to seven serious bidders in the running for Royal Bank of Scotland's insurance operations (RBSI) as the deadline for the first round of bids closes tomorrow.
27 May 2008
Willis outlook improves on debt reduction strategy
Willis Group's determination to reduce its debt burden has encouraged Moody's to revise its outlook on the insurance broker to stable from negative.
22 September 2009
Validus sets lower IPO price at $22
Bermudian (re)insurer Validus Holdings will make its debut on the New York Stock Exchange today (25 July) with shares priced at $22, below the $24-26 range it set at the beginning of the month.
25 July 2007
News in brief
Q-Re gains Qatar's first reinsurance licence; Validus cements Singapore presence; Willis shareholders rubber stamp Ireland move
17 December 2009
Brokers' profits suffer
Broking giants count cost of Spitzer JLT blames Risk Solutions for sluggish performance Benfield posts flat profits but sees growth in primary markets MMC culls a further 2500 jobs to cut costs
17 March 2005
Hannover reports strong renewals
German reinsurance giant Hannover Re has hailed the 1 January renewals a success, despite falling rates.
11 February 2008
Swiss Re launches $85mn cat bond
Swiss Re has closed its $85mn GlobeCat transaction, providing one year of cover for Central American earthquake and six years for Californian earthquake and US windstorm.
11 February 2008
NOAA adds to gloomy hurricane forecasts
The National Oceanic & Atmospheric Association (NOAA) has forecast that 2006 will be another "very active hurricane season" in the North Atlantic.
30 May 2006
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