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  • The opportunity to get over a billion in annual Euro revenues at significantly below book value is a rare one, which is why many of Europe's insurers have been keeping a watching brief on the disaster zone that is Quinn Insurance.
  • The International Underwriting Association (IUA) has become the first (re)insurance trade body to welcome The Insurance Insider's London 100 tax policy discussion paper on possible pro-insurance industry tax reforms in the UK.
  • The Irish High Court placed Quinn Insurance in permanent administration last week, with attention now focusing on administrator Grant Thornton's plan to preserve the business as a going concern.
  • Expansive Bermudian Torus has emerged as the frontrunner to buy the renewal rights to the direct and facultative (D&F) operations of private equity-owned (re)insurer Glacier Re, our sister title Inside FAC revealed last week.
  • Lloyd's insurer Amlin is a 25 percent shareholder in a new managing general agent (MGA) set to be launched by former CEO of HCC International Insurance Company, Charles Manchester.
  • Bermudian-headquartered (re)insurer Catlin intends to form a new sidecar-style vehicle, Long Bay Re, which it will list on the London Stock Exchange's (LSE) junior platform, AIM.
  • The European Commission's latest Solvency II (SII) implementation proposals look likely to provide some relief to Lloyd's on capital requirements, as the rules on Tier 1 capital are relaxed.
  • In a novel move, Catlin Group is to form a sidecar-style, perpetual class 3 Bermudian reinsurer that will write a portion of the group's catastrophe risk portfolio and list it on the London Stock Exchange's junior platform, AIM.
  • US investment bank Goldman Sachs has been charged by the Securities and Exchange Commission (SEC) with defrauding investors in the sale of subprime financial products that allegedly cost their customers more than $1bn.
  • Since it was pulled back from the brink of collapse in September 2008, fallen giant AIG has had trouble holding onto its staff. Star underwriters and top executives didn't want to work at the much-reviled, near-bankrupt insurer and they left in droves for its less-troubled peers.