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World Bank launches cat bond platform
The World Bank is launching a catastrophe bond issuance platform to give governments and other public entities access to international capital markets for natural catastrophe insurance.
26 October 2009
Insurers call for 40% greenhouse cuts at Copenhagen
A global coalition of insurers has called on developed countries to agree to a 40 percent cut in greenhouse gas emissions by 2020 at the UN climate change negotiations in Copenhagen in December.
26 October 2009
AIG's execs pay slashed 91 percent
AIG's challenge of retaining its key management may have got tougher last week, after the Obama administration's pay tsar Kenneth Feinberg imposed brutal cuts on the salaries of its most senior executives.
26 October 2009
Marsh and AIG hit with fresh bid rigging suit
In the latest chapter of the bid-rigging saga that has haunted Marsh since 2004, the broking giant and American International Group (AIG) have been served with a lawsuit by US commodity producer and distributor Seaboard Corp.
26 October 2009
No end in sight for US P&C soft market: Advisen
The recession will continue to drive down demand for the ample insurance capacity in the US property casualty market and keep pressure on pricing in 2010, according to a report by Advisen.
26 October 2009
Rates, reserve releases and recession dominate Baden Baden agenda
As the European reinsurance industry descended upon the sleepy German spa town of Baden Baden yesterday to kick-start the annual reinsurance gathering, several key themes dominated early conversations.
26 October 2009
FSA finally gives green light to Chaucer stake building
After a lengthy impasse, Russian-backed private equity firm Pamplona Capital Management finally upped its shareholding in Lloyd's insurer Chaucer to 16.27 percent on Friday (23 October).
26 October 2009
Stephen Way U/W agency names new CEO
Texas-based Southwest Insurance Partners Inc (SWIP) has named Arthur Seifert as CEO to drive expansion at its wholly owned underwriting agency, Bunker Hill Insurance Agency.
26 October 2009
New US tort threat creates ILS opportunity, says Goldman Sachs
The convergence market's uneasy relationship with US liability perils should be rethought, as the prospect of a new era of tort expansion will create opportunities for the sector.
26 October 2009
Brit maxes cat appetite as global markets division shrinks
Lloyd's (re)insurer Brit posted an upbeat Q3 management outlook Friday (23 October), as its reinsurance and UK markets business units achieved strong premium growth to offset declines at its global markets division.
26 October 2009
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