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AIG appoints risk chief as Taiwanese suitor circles Nan Shan
Taiwanese-listed bancassurer Fubon Financial Holdings has emerged as a potential bidder for American International Group (AIG)'s Taiwanese life insurer Nan Shan.
15 November 2010
Argo and Canopius build capacity in final auction
In the final Lloyd's capacity auction of the year, Argo dominated proceedings by paying £0.6mn to acquire £5.7mn of additional capacity on its Syndicate 1200 for the 2011 year.
15 November 2010
News in brief
CNA Europe appoints two non-executive directors; AM Best affirms Atrium syndicates; AM Best holds on Axis Specialty; ING prepares to spin off insurance units
15 November 2010
Camomile solvent schemes buoyed by US recognition
The Camomile Underwriting Agencies Limited (CUAL) solvent schemes were granted recognition last week by a US judge at the Federal Bankruptcy Court in New York.
15 November 2010
PMA wins arbitration battle against Platinum
US workers comp insurer PMA Capital was successful in reversing an arbitration award to Platinum Underwriters Bermuda after an earlier decision to dismiss the payment was upheld by the US Court of Appeal last week.
15 November 2010
P&C insurers insist they are not a systemic risk
Property and casualty (P&C) insurers worldwide have asked the G-20 to distinguish their industry from banks when tackling systemic risk.
15 November 2010
Republican US midterm gains favourable for insurers
The Stateside battle against further regulatory encroachment on the (re)insurance industry has drawn some strength from the success of Republicans in the US midterm elections last week.
15 November 2010
Flagship ILS fund reopens
Leading Swiss cat bond investment manager Clariden Leu has re-opened its flagship fund to new investments, following strong insurance-linked securities (ILS) issuance in the second half of the year.
15 November 2010
USAA to launch second 2010 cat bond
Catastrophe bond sponsor USAA is revisiting the capital markets with its second Residential Re offer this year, opening the season for fourth quarter US wind sales.
15 November 2010
P&I clubs hold to modest 2011 increases
Improved balance sheets and more stable claims conditions for the shipping industry's protection and indemnity (P&I) clubs has ensured that hard-pressed shipowner members face only small general premium increases at the 2011 renewals.
15 November 2010
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