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Deutsche looking to launch $1bn cat bond alternative Evergreen
Deutsche Bank is developing an equity-based insurance-linked instrument that would provide (re)insurers with an alternative to cat bonds and sidecar vehicles, The Insurance Insider understands.
06 October 2009
Final civil settlements reached in Finite Re scandal
Four ex-General Re executives have reached settlements in the civil action over a sham finite reinsurance transaction involving the Berkshire Hathaway-owned reinsurer and American International Group (AIG).
06 October 2009
Bermuda regulatory boost for ILS
The Bermuda Monetary Authority (BMA) is enhancing insurance regulation in a push to become the ILS jurisdiction of choice.
06 October 2009
BHP Billiton self-insures
Mining conglomerate BHP Billiton - which experienced heavy losses in 2008, primarily as a result of flooding in Australia - has decided to self-insure for property and business interruption risks.
06 October 2009
MMC could net $250mn a year from contingents u-turn
A return to charging contingent commissions could net MMC more than $250mn a year, according to estimates.
06 October 2009
Greenberg invests in TigerRisk
Jeffrey Greenberg's private equity firm Aquiline Capital Partners has made an undisclosed investment in Rod Fox-headed TigerRisk to support the US reinsurance broker’s continued growth.
06 October 2009
Guy Carp to buy Rattner Mackenzie from HCC
Global reinsurance broker Guy Carpenter has agreed a deal to buy London-based reinsurance broker Rattner Mackenzie Limited (RML) from US specialty insurer HCC Insurance Holdings (HCC).
05 October 2009
Oxygen unveils new structure after five years
Oxygen Holdings celebrates five years with a restructure that appoints Graham Elliott, former global director of Institutional Equity Sales at Prudential Equity Group, as CEO of its UK broking subsidiary, Oxygen Insurance Brokers.
02 October 2009
Munich Re calls market turn with buyback resumption
Global reinsurance giant Munich Re is resuming the share buyback programme it cancelled seven months ago at the nadir of the global financial crisis, citing a "stabilised economic environment" and "unneeded capital".
01 October 2009
AIG UK unveils Colraine as COO
AIG UK has appointed Tom Colraine to the new role of chief operating officer, reporting to CEO Lex Baugh.
30 September 2009
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