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  • Hannover Re approved for non-life branch in China
    Hannover Re will open a non-life branch in Shanghai, after receiving regulatory approval at the beginning of October.
    13 October 2009
  • Primus wins $2.15bn AIG Taiwan life unit
    Hong Kong-based investment company Primus Financial Holdings headed the consortium that won the battle to acquire AIG's Taiwanese life insurance unit, Nan Shan, for $2.15bn.
    13 October 2009
  • $3-4bn ILS issuance 'a stretch' but 'attainable'; Guy Carp
    Achieving $3-4bn total ILS issuance for 2009 will be "quite a stretch" but "attainable", as a number of trends converge to boost interest in cat bonds in the fourth quarter, according to reinsurance broker Guy Carpenter (GC) and its capital markets arm GC
    13 October 2009
  • Gallagher confirms Rattner Mackenzie team hire
    AJ Gallagher's London operation confirmed it has hired the trade credit team that defected from former HCC-owned broker Rattner Mackenzie before the entity was sold to Guy Carpenter.
    12 October 2009
  • Key Scottish Lion hearing delayed
    The keenly awaited case management conference for the Scottish Lion scheme of arrangement due to take place today (12 October) has been delayed. The meeting is thought to have been rescheduled for Wednesday (14 October)
    12 October 2009
  • US legacy industry prepares for annual migration
    The US run-off industry once again prepares for its annual migration to New Jersey as the fifth Association of Insurance and Reinsurance Run-Off Companies (AIRROC) event begins on the 19 October.
    12 October 2009
  • Airline reinsurance rates also taking off
    Ahead of another key renewal date for the airline sector comes a further report that airline reinsurance prices are "generally rising" as underwriters digest a heavy loss year which is already fuelling significant primary rate increases.
    12 October 2009
  • Equity markets set to continue as main source of capital
    The trend of London market insurers fundraising through equity issuance looks set to continue, with the equity markets persisting as the "predominant source of new capital", according to the latest forecast from banking group Lloyds TSB.
    12 October 2009
  • FSA still silent on Pamplona Chaucer delay
    The Financial Services Authority (FSA) is yet to break the silence over its assessment of Russian-backed private equity firm Pamplona Capital Management’s plans to build an influential 29.9 percent stake in Lloyd's insurer Chaucer.
    12 October 2009
  • UK regulator clarifies 'intrusive' approved persons regime
    The UK Financial Services Authority (FSA) has shed light on its "more intrusive" regulatory regime for approving and supervising "persons performing significant influence functions" (SIFs).
    12 October 2009
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