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Prepare for hard market now, urges Greenberg
The insurance industry should start preparing for a market turning event in order to be ready to take full advantage when it comes, according to Jeffrey Greenberg, chairman of private equity firm Aquiline Holdings.
31 March 2011
Berkshire Hathaway succession open after Sokol steps out
Berkshire Hathaway shares slipped during morning trading in New York after the man considered heir apparent to CEO Warren Buffett resigned amid revelations over his stock purchases in a recent acquisition target
31 March 2011
Validus walks away from Ariel talks
Ariel Holdings will remain a private company after Validus withdrew its interest, The Insurance Insider understands
31 March 2011
Chartis restructure brings new CEO
Chartis in a restructure and management shake-up has replaced CEO Kristian Moor with Peter Hancock, the executive vice president of finance, risk and investments at parent American International Group (AIG).
31 March 2011
Investors prepare to move on insurance stocks
Investors have the (re)insurance sector on a "watching brief" and are alert to the potential of a hardening market, Espirito Santo analyst Joy Ferneyhough told this morning's InsiderScope event in London
31 March 2011
Solvency II not an excuse to hoard capital, warns Beazley CEO
Stricter capital requirements under Solvency II (SII) should not give insurers an excuse to hoard capital, according to Beazley CEO Andrew Horton
31 March 2011
Insurance sector on the verge of major consolidation
The insurance industry is on the threshold of a substantial wave of consolidation, according to Tony Ursano, CEO of Willis Capital Markets and Advisory Services
31 March 2011
No interest rate rises until 2013, warns Blanchflower
(Re)insurers are unlikely to benefit from increased interest rates until 2013, former Bank of England policymaker David Blanchflower warned an industry audience gathered in the City of London this morning
31 March 2011
Zurich faces $500mn hit from Asia-Pacific catastrophes
Zurich Financial Services has estimated it will sustain $500mn of claims from the series of natural catastrophes that have hit the Asia-Pacific region since the start of 2011
31 March 2011
UK government offers reassurance on anti-bribery legislation
The UK government has unveiled implementation plans for new bribery laws and published final guidance for all commercial organisations with a UK presence on complying when the laws come into effect on 1 July
31 March 2011
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