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Stanford D&O legal dispute rumbles on
The legal dispute over potential proceeds from directors' and officers' (D&O) cover bought by the collapsed Stanford Financial Group (SFG) has deepened, with a number of its former executives joining the fray.
27 July 2009
Swiss Re confirms closure of London fac operations
Swiss Re will stop writing property and casualty (P&C) facultative business from London later this year, The Insurance Insider's sister publication Inside Fac revealed last week.
27 July 2009
US regulators close to easing contingent restrictions on global brokers
Nearly five years after the former New York attorney general Eliot Spitzer sent shockwaves through the US property and casualty (P&C) industry, US regulators are considering easing the restrictions that prevent the global brokers from charging contingent-
27 July 2009
Low cat year sees earnings focus on reserve releases, investments and FX
With little in the way of underlying growth prospects or catastrophe losses to report, reserve releases and a partial reversal of investment losses are likely to dominate Q2 figures as the US and Bermudian earnings season begins in earnest this week.
27 July 2009
Arch profits boosted by reserve releases; Chubb raises 2010 targets
Bermudian Arch Capital followed its compatriot Platinum Underwriters in booking a solid set of Q2 figures as its bottom line benefitted from improving investment conditions and healthy reserve releases.
24 July 2009
IPC posts bumper results on investment turnaround
IPC Holdings has reported bumper Q2 net income of $173.9mn, compared to $47.5mn for the same period a year earlier as operating earnings stabilised and a net loss on investments of $50.9mn swung to a gain of $77.4mn.
24 July 2009
RFIB appoints new CEO
London market broker RFIB Holdings has announced the appointment of Marshall King as CEO.
23 July 2009
Platinum delivers solid Q2 profits
Platinum Underwriters Holdings kicked off the Bermudian Q2 reporting season with a solid set of figures that included a record $1.90 net income per share, as improving investment conditions and reserve releases boosted its results.
22 July 2009
Scor buys XL Re Life America for EUR32mn
Scor has snapped up the US life reinsurance operations of XL Capital for total consideration of EUR31.7mn cash.
22 July 2009
HSBC Insurance Brokers fined £700,000 over data security
UK regulator the Financial Services Authority (FSA) has fined London-based HSBC Insurance Brokers £700,000 for not having adequate systems and controls in place to protect its customers' confidential details from being lost or stolen.
22 July 2009
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