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People moves
Barlow Lyde & Gilbert hires Part VII transfer specialist; DUAL Ireland opens doors with AIG hire; Gregory joins Axis as international specialty CEO; Taylor to serve as non-executive chairman of Montpelier Re...
12 October 2009
Silverstein cannot pursue $2.8bn claim against airlines
World Trade Center developer Larry Silverstein has lost the latest round of his legal battle to collect $2.8bn in damages from airlines and security companies that he claims are partially responsible for the 11 September terrorist attacks.
12 October 2009
Transformed BF Rück tender attracts new bids
Efforts to sell the non-life reinsurance portfolio of Berlin-based run-off group BF Rückversicherung have been revitalised.
12 October 2009
UK mesothelioma claims to peak in 2016
Asbestos-related mesothelioma claims are expected to peak in 2016, with claimants exposed to asbestos between the late 1960s and mid 1970s from a wider industrial base than previously assumed, according to a Marsh study.
12 October 2009
Verisk IPO brings windfall gain for founding shareholders
Verisk Analytics - the holding company for the family of risk analysis and assessment firms that includes ISO and modelling firm AIR Worldwide - staged a successful initial public offering (IPO) of shares last week.
12 October 2009
RBSI for sale once again?
Royal Bank of Scotland is again considering selling off its insurance operations...
12 October 2009
News in brief
Market Reform Group rebrands; HCC Insurance Holdings forms Texas Regional Surety Office; AM Best withdraws ratings of White Mountains Re Bermuda; FSA chairman outlines factors for successful European regulation...
12 October 2009
Fitch revises PartnerRe outlook to negative
Ratings agency Fitch revised its outlook on PartnerRe to negative from stable last week, after the Bermudian acquired an 83 percent stake in Paris Re earlier in the month.
12 October 2009
Berkshire Hathaway/White Mountains-owned insurer set for $575mn IPO
Symetra - the former Safeco spin-off life and health insurer that counts White Mountains Insurance Group and Berkshire Hathaway among its major investors - has filed for a $575mn initial public offering (IPO).
12 October 2009
Mutuals increasing market share in global economic downturn
Mutual insurers are increasing global market share, as the financial crisis and global recession has increased their attractiveness to customers compared to public company peers, according to a study by ratings agency AM Best.
12 October 2009
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