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Data Room
Weekly share price movements on The Insurance Insider's universe of global P&C (re)insurers and brokers
09 July 2012
XL may suffer D&O loss in early days as Barclays lead
Insurer XL's London office, the lead market on Barclays Bank's directors' and officers' (D&O) cover, is likely to begin incurring defence cost claims on the programme as the recent Libor-fixing scandal continues to unfold.
09 July 2012
Catalina says more deals to follow HSBC acquisitions
Chris Fagan, the founding CEO of Bermuda-based run-off acquirer Catalina, has predicted more transactions this year after announcing the purchase of HSBC's Irish legacy (re)insurers HSBC Reinsurance Ltd and HSBC Insurance (Ireland) Ltd.
09 July 2012
R&Q founder sells down stake
The chairman and chief executive of Randall & Quilter (R&Q) Ken Randall has sold half a million ordinary shares in his legacy-to-live UK firm to reduce his overall stake to 21.75 million shares.
09 July 2012
$25bn Starr against AIG and US government to proceed war
Starr International can proceed with legal action against the US government over its 2008 bailout of American International Group (AIG), the Court of Federal Claims has ruled.
09 July 2012
AIG sues US government for $30mn tax overpayment
Three years after its bailout by the US government, American International Group (AIG) is suing the federal government for $30.2mn over its alleged overpayment of taxes.
09 July 2012
SEC Stanford payout request rejected by judge
A federal judge has thrown out a US Securities and Exchange Commission (SEC) request for the Securities Investor Protection Corporation (SIPC) to compensate the victims of Allen Stanford's $7bn Ponzi scheme.
09 July 2012
It’s official – Solvency II starts January 2014
The European Parliament has decided that Solvency II will be implemented on 1 January 2014, bringing to an end a period of uncertainty around the timetable for regulatory reform.
09 July 2012
Five-year transition ‘ample’ for remuneration disclosure
The European Commission has proposed mandatory remuneration disclosure for intermediaries because previous "on request" disclosure was not respected, a leading expert told The Insurance Insider.
09 July 2012
Broker views converge on July renewal rate pressures
Reinsurance broker Guy Carpenter has estimated that average US property catastrophe reinsurance rates increased around 6.5 percent at the 1 July renewals while overall rate increases were "subdued".
09 July 2012
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