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Glacier loses senior figures after Klaus exit
Glacier Group's chief strategic officer and founding team member, Dirk Turley, and UK insurance branch manager Steven Price have stepped down following the resignation of founding CEO Robbie Klaus.
03 December 2009
Microfinance need for cat protection
A study of 11 microfinance institutions with exposure to natural and man-made catastrophes found that they had little in the way of risk management and no insurance to protect themselves or their clients against the impact of disaster.
03 December 2009
Insurance is capital efficient, says specialist private equity fund
The efficiency of insurance as a way of leveraging capital means that there will not be the need for as many microinsurance organisations as institutions, according to private equity fund specialists.
03 December 2009
Ohio five sue ‘big three’ rating agencies
Five Ohio pension funds are suing rating agencies Standard & Poor's (S&P), Moody's and Fitch, accusing them of "wreaking havoc" on US financial markets.
03 December 2009
‘Starr Wars’ saga ends as Greenberg settles with AIG
Maurice "Hank" Greenberg and Howard Smith have buried the hatchet and settled their long-running legal battles with former employer American International Group (AIG).
03 December 2009
Lincoln deal raises spectre of Kingsway liquidation
The controversial transactions undertaken by Kingsway Financial Services to shed its discontinued subsidiary Lincoln General could push the group into liquidation, AM Best has warned.
03 December 2009
Doubt cast on AIG loss reserves; drawdowns highest for six months
American International Group (AIG)'s share price was under pressure following concerns about the sufficiency of its P&C loss reserves.
03 December 2009
US storm season closes; little fanfare
At the heart of the industry's modest 2009 catastrophe losses is an extraordinarily gentle US storm season.
03 December 2009
Space rates to fall to earth in 2010
The specialist space/satellite market is likely to see rates fall to earth in 2010 after another profitable underwriting year, according to Aon's International Space Brokers.
03 December 2009
Cat losses halve in 2009: Sigma
The industry's catastrophe losses from both natural and man-made disasters have more than halved to $24bn this year, according to Swiss Re's research unit Sigma.
03 December 2009
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