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(Re)insurers figure on systemic global risk list
Six (re)insurers appear alongside 24 banks on a list of global institutions that pose a systemic risk to the financial system and require cross-border supervision.
03 December 2009
Former Stanford executives increase claim
The litigation surrounding attempts by Stanford executives to tap their Lloyd's directors' and officers' (D&O) policies to fund their defence is continuing to grow.
03 December 2009
December appeals loom for Enstar/R&Q and Scottish Lion
Two key cases will see appeals launched in the first week of December under the watchful eyes of the legacy industry.
03 December 2009
Names sell Omega capacity after Robinson exit
Capacity trading in the fourth and final 2010 capacity auction for Omega-managed Syndicate 958 was brisk as Names looked to take up Omega's corporate member's capacity buyout offer.
03 December 2009
HCC merges Lloyd’s syndicates; lures Antares team
HCC Insurance Holdings has received approval to merge its Lloyd's syndicates 4040 and 4141 for the 2010 year of account, after buying out the remaining external names earlier this year.
03 December 2009
London insurers seek to throw out Fiserv Madoff claims
London financial institutions (FI) insurers have asked a US court to rule that primary and excess professional indemnity policies issued to Fiserv do not provide coverage for the insured against class actions from the Madoff debacle.
03 December 2009
BF Rück no longer in talks with UK run-off firm
The sale of German state-owned run-off group BF Rückversicherung has taken a further twist following news that the joint bid by GLOBAL Rück and Randall & Quilter (R&Q) is no longer being actively considered, The Insurance Insider can reveal.
03 December 2009
Scor launches Atlas VI; Vita takes cat bond tally to $2.2bn
The cat bond market has continued its rebound after the closure of Swiss Re's $75mn extreme mortality bond, Vita Capital IV, took total issuance this year to $2.2bn, while Scor launched Atlas VI.
03 December 2009
Credit (re)insurers downplay Dubai fears despite expansion of political risk class
Despite (re)insurers' enthusiasm for writing structured debt insurance, the industry has been swift to deny the prospect of widespread losses emerging from the Dubai debt crisis.
30 November 2009
Marsh and HSBC to enter strategic partnership as sale talks continue
Marsh will enter into a long-term strategic distribution deal with HSBC as part of its agreement to buy the banking giant's insurance broking arm.
30 November 2009
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