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Buffett in $1bn reinsurance dispute with Swiss Re
Warren Buffett's Berkshire Hathaway and Swiss Re are involved in a major dispute over a life reinsurance agreement in which the investment conglomerate is claiming damages of $500mn-$1bn.
03 December 2012
Lloyd’s to consult on future of US admitted licences
Lloyd's is to open a consultation process on whether it should continue to maintain its three US admitted lines licences, The Insurance Insider has learned
03 December 2012
Berkshire in EUR600mn life relief deal with CaixaBank
Berkshire Hathaway has agreed to pay EUR600mn ($779mn) to leading Spanish bancassurer CaixaBank in exchange for the future cashflow from a portfolio of life insurance policies
03 December 2012
Montpelier Re to dual list new cat fund Blue Capital
Bermudian (re)insurer Montpelier Re is pushing ahead with plans to list a third-party managed cat reinsurance fund in London and Bermuda, confirming details of a proposal previously revealed by sister publication Trading Risk.
03 December 2012
Tawa pulls plug on sale process
The board of UK-listed Tawa plc has ended its formal sale process after failing to find a bidder that was prepared to meets its valuation of the company.
01 December 2012
MTA expects to claim full $1bn limit on Sandy
New York's Metropolitan Transit Authority (MTA) has revealed that its total losses from Sandy are in the region of $5bn, implying that it will use as much of its $1.075bn insurance programme as it can
30 November 2012
PICC float raises $3.1bn
Major Chinese insurer People's Insurance Company of China (PICC) Group has raised $3.1bn from its partial float on the Hong Kong Stock Exchange, according to reports.
30 November 2012
Willis enters Canadian employee benefits business
Willis North America has agreed to buy Canadian employee benefits brokerage Avalon Actuarial Inc
30 November 2012
Insurers react as Cuomo raises Sandy claims pressure
New York Governor Andrew Cuomo has provoked disagreement from insurers in the state after more than halving the time they have to respond to Sandy claims and setting up a report card system to track their performance
30 November 2012
Marsh’s South heads East
Marsh has combined its Asia Pacific regional businesses and appointed European CEO Martin South to lead the new unit, the broker announced today (29 November)
29 November 2012
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