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Berkley warns that US insurers are heading towards operating loss
The US property and casualty (P&C) industry is bearing towards an operating loss, according to WR Berkley's founding chairman and chief executive William Berkley.
14 September 2009
Lloyd's intervenes in SEC case against Stanford
The dispute over the division of spoils from insurance cover bought by the collapsed Stanford Financial Group (SFG) has deepened...
14 September 2009
Geithner says time to wind down TARP; defends AIG bailout
US Treasury Secretary Tim Geithner told a congressional panel that the $700bn support that the federal government put in place for the US financial system "must begin winding down".
14 September 2009
Air France loss now put at $750mn
Global reinsurer Scor is now basing its internal loss estimates from the Air France crash on a market loss of $750mn, The Insurance Insider can reveal.
14 September 2009
Gerhardt to step down after PartnerRe buy-out
Paris Re CEO Hans Peter Gerhardt has confirmed he will take a break from the (re)insurance world if the proposed merger with fellow reinsurer PartnerRe gets the go ahead from shareholders.
14 September 2009
Munich Re cuts back on Lloyd's 2010 expansion plans
Munich Re is scaling back plans to expand one of its Lloyd's platforms in 2010 because international property rates did not strengthen as expected earlier this year.
14 September 2009
PwC sees scheme opportunities in US
In the wake of the binding agreements used to sanction the Highlands scheme of arrangement, adviser PricewaterhouseCoopers sees further opportunities to use Chapter 15 relief as a way of tapping the US market.
14 September 2009
London and Bermuda facing scrutiny by academic
The two tribes of the (re)insurance jungle - London and Bermuda - are being examined in an innovative research project that will explore their behavioural and cultural differences.
14 September 2009
Lloyd's to open up Japanese direct platform
Lloyd's is restructuring its direct Japanese platform to create a model allowing all managing agencies in the market to access business written locally on a coverholder basis, The Insurance Insider revealed.
14 September 2009
Hannover in EUR30mn buy-back of underwater Merlin
Hannover Re has successfully repurchased a third of Merlin - its EUR95mn 2007 reinsurance recoverable securitisation - in the secondary market, our sister publication Trading Risk revealed.
14 September 2009
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