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Carriers return $9bn of capital in 2011
Despite the magnitude of 2011 catastrophe losses, US and Bermudian (re)insurers tracked by The Insurance Insider returned almost $9bn of capital to investors through share repurchases last year...
08 March 2012
Gen Re four and Milton retrial set for January 2013
The retrial of former General Re CEO Ronald Ferguson, three of his ex-colleagues and former American International Group (AIG) executive Christian Milton has been set for 22 January 2013.
08 March 2012
$7bn+ Zenkyoren firm order terms confirm rating hike
Giant Japanese mutual Zenkyoren has placed firm order terms in the market where it would pay around 65 percent more for its upper layers and circa 40 percent more for its combined quake and wind stretch
08 March 2012
US asks for AIG lawsuit to be dropped
The US government has requested the dismissal of a $25bn lawsuit by Starr International, which claims that the state rescue of American International Group (AIG) in 2008 was unconstitutional.
08 March 2012
Travelers escapes $500mn asbestos payout
A New York court has reversed an order for Travelers to pay over $500mn in claims from a complex asbestos case that dates back decades.
08 March 2012
Florida legislators consider measure to cut cat fund
Florida's Senate Budget Committee passes draft legislation to cut the state's Hurricane Catastrophe Fund from $17bn to $15bn
08 March 2012
Eurocrats still agonising over Solvency II details
European policymakers are still haggling over elements of the Solvency II legislation with just weeks left before crucial votes are required in the European parliament
08 March 2012
Foreign ownership in Thai insurers set to rise
Thailand's insurance regulator is set to increase the limit on foreign shareholding in local insurers from 25 to 49 percent, once the government-backed $1.6bn cat bond is up and running.
08 March 2012
Scor life and investments deliver 2011 group profit
Scor's life reinsurance business and strong investment returns helped the group escape a loss in 2011 despite posting a 104.5 percent combined ratio for its P&C segment
08 March 2012
UK legacy players hit by write-downs
Brandywine and QXRe bite as Randall & Quilter and Tawa hit by write-downs of assets held on their balance sheets...
08 March 2012
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