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AXA securitises EUR350mn of life mortality risk
Almost a year after unveiling the first motor securitisation, French giant AXA has become the first primary insurer to transfer mortality risk to the capital markets.
13 November 2006
Lloyd’s faces US pressure over Iran in H1
Lloyd's of London will come under pressure from the US government in the first half of 2010 to stop insuring Iranian oil imports, according to an expert on the region.
19 January 2010
Swiss Re frees up SFr300mn in life quota-share with Berkshire
Swiss Re's SFr1.3bn sale this morning (18 January) of a closed block of US life reinsurance business to Berkshire Hathaway (BH) will free up SFr300mn in capital.
19 January 2010
Hannover Re cuts back US business; Clarendon restructured
German reinsurer Hannover Re has revealed plans to realign its under performing US subsidiary Clarendon away from program business to specialty insurance, potentially cutting gross premiums by $1bn and increasing group net retention to 80 percent...
21 July 2005
UK drives drop in European run-off liabilities
A significant reduction in the UK’s run-off liabilities has driven a EUR2bn decrease across Europe, according to a new survey launched by PricewaterhouseCoopers LLP (PwC) in conjunction with the Association of Run-Off Companies.
18 February 2008
New York court dismisses fraud case against Cavell USA
A New York Federal court has dismissed fraudulent misconduct claims against Cavell USA Inc – an affiliate of Brandywine owner Randall & Quilter – and its chairman Ken Randall brought by US run-off insurers Seaton Insurance Company and Stonewall Insurance
19 May 2008
ICAP-JLT brokers its first cat swap trade
The joint venture platform established by the world's largest interdealer-broker ICAP plc and insurance broker JLT Group plc has brokered its first catastrophe swap trade, for 2008 North American windstorm.
11 December 2007
AM Best stays stable on reinsurance
As broadly healthy earnings continue to be set against the threat of the softening market, AM Best has affirmed its stable outlook on the reinsurance sector, with a minority of upgrades and downgrades expected to balance out...
03 March 2008
UK takaful start-up poised for launch
The UK's first dedicated insurance company providing takaful policies is set to be launched in a bid to tap into the UK's large Muslim population.
03 March 2008
Hardy staying in London – for now
Lloyd's insurer Hardy Underwriting Group has revealed that it will stay in London, but that the possibility of moving to a low tax jurisdiction remains firmly in its sights.
26 March 2007
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