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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
Channel Re confirms run-off; buys back shares
Channel Re - the failed financial guarantee reinsurer formed in 2004 by RenaissanceRe, Koch Financial Corporation, Partner Re and MBIA - has begun a tender offer to purchase outstanding shares.
26 October 2009
Aon Benfield predicts leap in Lloyd's 2010 capacity
Mirroring the 2009 bounce-back within the global (re)insurance industry, Lloyd's pro forma capital base increased by 13 percent to £16bn in the first half of 2009 and 30 percent year-on-year.
26 October 2009
IAIS highlights importance of microinsurance
The International Association of Insurance Supervisors (IAIS) highlighted the important role of insurance "as a means of socio-economic development" at its annual conference in Rio de Janeiro last week.
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
FSA weighs into 'too big to fail' banking debate
UK regulator the Financial Services Authority (FSA) weighed into the hot political topic of the supervision and regulation of financial institutions deemed "too big to fail" last week.
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
Q3 reporters put emphasis on returning excess capital
With the Q3 reporting season picking up pace this week, strident third quarter results from early reporting US and Bermudian (re)insurers have brought the issue of capital management back into sharp focus.
26 October 2009
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