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Concerns rise over AIG’s $725mn Ohio settlement
Doubts were cast last month over American International Group (AIG)'s ability to fund the bulk of its recent $725mn Ohio pension funds settlement by selling new common shares.
04 August 2010
Bermuda and Switzerland in pole position
Bermuda and Switzerland - favoured domiciles for many international (re)insurers - are first on European regulators' list for consideration to grant Solvency II equivalence to non-EU countries.
04 August 2010
Dodd-Frank Act will ‘rewrite landscape’
The US Wall Street Reform and Consumer Protection Act signed into law by President Obama on 21 July will "rewrite the landscape of the financial markets", according to the Property Casualty Insurers Association of America (PCI).
04 August 2010
The Stag challenged
The SEC wrote to Glenn Lammey, CFO of The Hartford's life insurer, demanding to know why the firm's worst holdings had not been marked down.
04 August 2010
Credit crisis disputes dry up
The flood of credit crisis-related litigation is turning into a trickle, with further evidence that class action lawsuits are declining, providing further good news for US errors and omissions (E&O) insurers.
04 August 2010
Europe reluctant to bow to Neal Bill
In what is turning into a European summer of discontent over the controversial Neal Bill legislation in the US, the European Commission (EC) and European insurance and reinsurance federation (the CEA) joined the German ambassador in voicing their objections to the proposed tax measures.
04 August 2010
(Re)insurers contemplate major accounting shake-up
Accounting rules for (re)insurers writing long-tail risks and using one of the two recognised international standards are likely to get more complicated.
04 August 2010
Blood in the water: QIS 5 and ‘equivalency’
So what does QIS5 really mean for the industry? The Insurance Insider explains all in layman's terms
04 August 2010
Broking briefs
Contingents reignite; Aon in $4.9bn swoop; Willis London reshuffle
04 August 2010
Trading Risk briefs
Cat bonds in second half of 2010 to equal first; Miller builds cat team; S&P gives and takes
04 August 2010
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