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  • The tsunami of new run-off business that was widely forecast to swampthe industry in the wake of the global credit crunch is yet to materialise,prompting legacy leaders at the market's largest event - the Cavell Commutations Rendez-Vous in Norwich, UK - to discuss the gulf between expectation and reality.
  • With the reinsurance market poised to renew crucial 1.7 US programmes as IQ went to press, it was clear that the demand supply equation has found a better balance than widely predicted.
  • Insurers are not banks. They need to prove it before they are caught in the ‘financial institutions' net.
  • Hannover Re has launched a pioneering $60mn sidecar-style vehicle, Fac Pool Re - the first dedicated, securitised facility created for facultative exposures.
  • Bermuda-based (re)insurer Ironshore has completed a $300mn capital raise to support the growth of its specialty insurance business.
  • American International Group and its former executives Maurice "Hank" Greenberg and Howard Smith have agreed to settle their various legal disputes by arbitration.
  • The Gulf region took another step towards developing a fledgling captive insurance sector last month as the DIFC hosted a February 2009 seminar on the subject.
  • Underwriters of financial liability lines are steeling themselves for a possible barrage of claims as the global recession deepens, driving a growing number of institutions to the wall.
  • Warren Buffett rode to the rescue of reinsurance giant Swiss Re for the second time in a little over a year in a move that displayed his unquenchable thirst for distressed opportunities.
  • Dear friend, The internet is a wonderful place, full of strange and diverse characters.