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Cameron pledges support as UK riot damage estimates top £200mn
UK Prime Minister David Cameron says his government will ensure the police have funds to meet legitimate claims from riot damage and it has extended the deadline to lodge claims with police authorities from 14 days to 42 days.
11 August 2011
Fresh woe for Names as Kiln projects major 2010 losses
Two of RJ Kiln's syndicates are predicting capacity losses for the 2010 year of account worse than those of the ignominious Lloyd's specialist motor syndicates.
11 August 2011
Profits up a fifth at Price Forbes
Independent wholesale broker Price Forbes increased its pre-tax profits by 19.5 percent to £2.9mn in 2010 in the face of a continuing soft market, the firm's Companies House accounts reveal
11 August 2011
Zurich profits almost double in Q2 on investment uptick
Net income at Zurich Financial Services (ZFS) strengthened by 86 percent to $1.35bn in the second quarter as its results benefited from a positive $4.5bn year-on-year swing on unit-linked investments
11 August 2011
Berkshire Hathaway silent on Transatlantic run-off plans
Berkshire Hathaway is remaining silent on its plans for Transatlantic Re, amid concerns that large parts of the largest quoted reinsurance company in the US would be put into run-off if Warren Buffett succeeds in his $3.25bn takeover
10 August 2011
Transatlantic rallies clients and brokers
Transatlantic Re president and CEO Bob Orlich has urged the company's clients and brokers to continue to rely on the reinsurer despite it being embroiled in a three-way takeover battle
10 August 2011
Scor closes Transamerica deal
Scor has closed its $912.5mn acquisition of the mortality portfolio of Aegon's life reinsurance subsidiary Transamerica Re after receiving regulatory approval for the deal.
10 August 2011
Downbeat Greenlight takes loss despite cutting quake claims
Hedge fund-backed reinsurer Greenlight Re has reported a $16mn loss in Q2 as investment losses offset cuts to the forecast payout on the New Zealand and Japan earthquakes in Q1
10 August 2011
Chartis withdraws from new UK solicitors’ PI business
AIG P&C subsidiary Chartis has withdrawn from writing new UK solicitors' PI business, amid claims that the Assigned Risk Pool (ARP) needs a major overhaul.
09 August 2011
AIG sues BoA for $10.5bn over RMBS
American International Group has filed a lawsuit suing Bank of America Corporation for $10.5bn over residential mortgage-backed securities the lender and its subsidiaries packaged prior to the 2008 financial crisis.
09 August 2011
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