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Cyprus blast (re)insurers set for EUR100mn compensation
(Re)insurers hit by the July 2011 power station explosion in Cyprus - which cost the market some EUR600mn - will receive EUR99mn of compensation from the island's government.
16 January 2013
Hayman rejoins Greenberg at Starr Companies
Jeffrey Hayman, who worked under Maurice "Hank" Greenberg at American International Group (AIG), has rejoined his old boss at Starr Companies
16 January 2013
Allianz targets Brazilian growth with local reinsurer license
Allianz Global Corporate & Specialty (AGCS) has been granted a local reinsurer's license in Brazil from the country's insurance market regulator.
16 January 2013
Goldman Sachs prepares $1bn+ reinsurance sell-off
Goldman Sachs is working on a deal to sell the majority of its reinsurance business to high net worth investors that would value the platform at around $1.1bn, The Insurance Insider can reveal
15 January 2013
Allianz estimates $590mn Sandy loss
German insurance powerhouse Allianz has disclosed a EUR455mn ($590mn) loss from Superstorm Sandy but left its 2012 profit outlook unchanged
15 January 2013
Montpelier’s Blue Capital deploys $57mn at 1.1
The newly listed Blue Capital Global Reinsurance Fund deployed $57mn of capital in the January reinsurance renewals, making up 58 percent of its net IPO proceeds, according to a statement released today (15 January).
15 January 2013
Generali strategy includes greater P&C focus
After 166 days as Generali CEO, Mario Greco has unveiled his vision for transforming the insurer over the next three years by upsizing the group's P&C business through targeting key growth markets
15 January 2013
Nelson to hand over Hammerson chair in May
Lloyd's chairman John Nelson will step down as chairman of UK and European property company Hammerson on 9 May 2013, the firm announced yesterday (14 January)
15 January 2013
Aon Benfield says au revoir to French CEO
Long-serving Aon Benfield executive Michel Hideux is retiring from the firm this summer and has been immediately succeeded by his colleague Catherine Bourland as head of the broker's French operations.
14 January 2013
AIG fights for right to sue on bonds sold to Maiden Lane
American International Group (AIG) has filed a lawsuit against Maiden Lane II, the vehicle set up by the Federal Reserve Bank of New York to prop up the insurance leviathan in 2008
14 January 2013
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