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Hairy American footballer takes out $1mn policy
If further confirmation was needed that Lloyd's is the world's premier market for the placing of unconventional risks, then it has been provided by the news that an American football star has turned to the Corporation for a $1mn policy to protect his hair.
01 September 2010
QBE says yet to appoint replacement CEO
A successor to long-serving QBE CEO Frank O’Halloran has yet to be appointed, the insurer has told The Insurance Insider.
01 September 2010
Earl raises US hurricane alerts
Hurricane Earl, the category four storm which is currently over the Atlantic Ocean to the north of Haiti, has raised hurricane alerts from the Bahamas to North Carolina.
01 September 2010
Swiss Re chairman confirms plans to repay Berkshire
Swiss Re chairman Walter Kielholz confirmed that the reinsurer plans to pay back the SFr3bn 2009 capital injection from Berkshire Hathaway rather than allow the Warren Buffett-headed investment giant to convert bonds into shares on the cheap.
01 September 2010
Axis seeks new CFO after Greenfield departure
Axis Capital last week revealed it is on the hunt for a chief financial officer (CFO), after announcing the resignation of incumbent David Greenfield.
31 August 2010
Falcon flies into Miami for Endurance
Endurance last week announced that Arturo E. Falcon has joined its worldwide reinsurance subsidiary to lead expansion into the Latin American market from a new Endurance reinsurance office in Miami.
31 August 2010
Former S&P exec to launch independent adviser
A former vice president in Standard & Poor's (S&P) London operation is launching a new company offering ratings analysis services to reinsurance buyers.
31 August 2010
RBSI continues to package for sale
UK state-controlled bank RBS will close nearly half of the 27 branches in its insurance business as it prepares to offload the division.
31 August 2010
Munich Re expected to appeal $200mn US asbestos decision
Munich Re's American unit has been ordered to pay more than $200mn to Travelers relating to asbestos coverage by a New York state judge, according to reports.
31 August 2010
AIG D&O insurers reach $90mn settlement
A further chapter in the book of litigation unleashed by the American International Group (AIG) and its former CEO Hank Greenberg was closed last week with insurers on the directors' & officers' (D&O) programme agreeing a $90mn settlement.
31 August 2010
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