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(Re)insurance stocks join global equities slide as debt and economic fears grow
Shares in (re)insurers and brokers across the board have followed the global stock markets sharply down in trading today as investors react to growing fears on the economy and the failure to arrest the European debt crisis.
05 August 2011
Second quarter profit not enough to lift Munich Re out of red
Global reinsurer Munich Re says it is on track to return to profit for 2011 despite posting a first-half loss of EUR210mn.
04 August 2011
Legacy briefs
Soros run-off insurer in £68.5mn deal; Steel tycoon Mittal may finance potential Whittington takeover
04 August 2011
London’s scheming reaches new heights…
For all their controversy in other jurisdictions, the London market has continued to demonstrate an appetite and approval for schemes of arrangements as a means of securing finality for run-off business
04 August 2011
Legal briefs
FSA punishes Willis; Zurich moves to block Sony claim; Talbot scores
04 August 2011
Gen Re four and Milton get AIG fraud convictions reversed
Former General Re CEO Ronald Ferguson, along with three of his ex-colleagues and AIG's Christian Milton have had their 2008 convictions over an allegedly fraudulent finite reinsurance transaction reversed on appeal
04 August 2011
Capacity and competition to keep UK solicitors PI market soft
Brokers are divided as to which way the market will turn at the key 1 October renewals
04 August 2011
Chinese firms caught in US firing line
The number of lawsuits against Chinese firms listed in the US has ballooned in recent years, according to Advisen's securities litigation report
04 August 2011
International digest
Solvency II delayed (again); Suncorp sees NZ II creep; Gulf Re backed; Berger off; Skuld rating boost; Eqecat bullish; EQC fails to renew multi-year cover; Ryan wins poaching case; Cypriot power loss; Alterra moves to Zurich
04 August 2011
Novae racks up £30mn pre-tax loss
Lloyd's carrier Novae has run up a pre-tax loss of £29.7mn in H1 as its property cat reinsurance unit dragged down an otherwise passable result
04 August 2011
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