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After Moses came down the mountain
Years of political hostage taking and stalemate over Solvency II finally came to an end last week.
18 November 2013
Troubled PDVSA placement to go ahead with Panamanian lead
Five and a half months after its previous cover expired, Venezuelan state-owned hydrocarbon company PDVSA is inching closer to securing new insurance cover with Panama-domiciled Barents Re as the lead, The Insurance Insider can reveal.
18 November 2013
Chaucer head of energy to step down
Lloyd's (re)insurer Chaucer is set to part company with the head of its energy division, Chris White, The Insurance Insider has learned.
18 November 2013
Tatarstan Airlines crash to generate $9.5mn hull loss
The hull of the Tatarstan Airlines Boeing 737 jet that crashed in Russia at the weekend was insured for $9.5mn, with the cover brokered by Willis and shared between underwriters in London and Russia, according to aviation market sources
18 November 2013
AIR puts Haiyan losses at up to $700mn
Super Typhoon Haiyan, the tropical cyclone that devastated parts of the Philippines earlier this month, will inflict losses of between $300mn and $700mn on the insurance industry, according to risk modelling firm AIR Worldwide
18 November 2013
Tornadoes hit US Midwest
A series of powerful tornadoes struck the US Midwest over the weekend, killing at least six people and injuring over 40, damaging buildings and disrupting power supplies, according to reports
18 November 2013
Aviva sells Eurovita stake
British composite insurer Aviva has agreed to sell its 39 percent stake in Italian life insurer Eurovita Assicurazioni to US private equity firm JC Flowers for EUR33mn ($43mn) in cash, it announced today (18 November).
18 November 2013
Tower Group reassures on bank debt
Embattled US insurer Tower Group has written to "valued business partners" in an attempt to reassure them that it will be able to repay its bank debts, securing its future as a going concern.
18 November 2013
RLI hands back $65mn
US specialty insurer RLI yesterday (14 November) said it would return a total of $65mn to investors via a special dividend of $3 per share, citing its "strong" financial performance
15 November 2013
Citadel holds Third Point Re stake
Citadel, the giant Chicago-headquartered hedge fund run by Ken Griffin, was among the investors in Bermudian reinsurer Third Point Re's $317mn initial public offering in August.
15 November 2013
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