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AIG mulls possibility of global cat treaty; another XoL restructure on the cards?
American International Group (AIG) has held discussions with reinsurers that could lead to a third overhaul of its catastrophe reinsurance programme in as many years, The Insurance Insider can reveal.
17 September 2013
Hyperion gets preliminary B rating from S&P
Hyperion Insurance Group has been given a preliminary "B" long term corporate credit rating with a stable outlook by Standard & Poor's.
16 September 2013
Enstar Arden Re takeover complete
Legacy-to-live specialist Enstar Group has completed the takeover of Arden Reinsurance in collaboration with private equity firm Stone Point.
16 September 2013
Data room: Share price movements
Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers
16 September 2013
Riverstone CEO says live operations give competitive edge
The CEO and chairman of Riverstone, Nick Bentley, has said that having live operations within the Fairfax Financial Holdings group allowed it to be more competitive in its ASI bid
16 September 2013
PRA tightens regulatory vice on run-off space
The UK Prudential Regulation Authority has issued two surprise proposals that could block the use of solvent schemes of arrangement and impose higher capital requirements for capital extractions
16 September 2013
Scor in legal bid to open up French nat cat market
Scor is attempting to open up the French property cat reinsurance market by mounting a legal challenge against the quasi-monopoly of CCR
16 September 2013
Arch reaches $42mn TVA toxic waste settlement
Bermudian (re)insurer Arch has reached a $42mn settlement with the Tennessee Valley Authority, ending the first of three on-going coverage disputes relating to a toxic waste spill deemed to be among the largest in US history
16 September 2013
UK insurers win 2011 riots claim
A UK court ruled last week that the police must compensate insurers RSA and Mitsui Sumitomo for millions of pounds in claims they paid out after a Sony distribution warehouse in north London was damaged during the 2011 riots.
16 September 2013
Court backs Gen Re’s $72mn settlement with AIG investors
A New York district court approved General Reinsurance Company's $72mn settlement with American International Group (AIG) shareholders over long-running claims that it was involved in bogus reinsurance deals and accounting fraud.
16 September 2013
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