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Goldman Sachs partner rewarded for outstanding contribution to Trading Risk
Goldman Sachs partner Michael J. Millette was heralded as the Outstanding Contributor of the year at the inaugural Trading Risk awards dinner on the 25 June, held in London.
26 June 2009
Insurers face cancellation payout after death of Michael Jackson
Yesterday’s (25 June) death of pop legend Michael Jackson could result in a multi-million dollar insurance payout on the cancellation policy for the star’s sold-out global tour.
26 June 2009
Talbot confirms Jackson cover; losses expected to be modest
Losses to the contingency market as a result of the unexpected death of pop legend Michael Jackson are expected to minimal, our sister title Inside FAC understands.
26 June 2009
AIG readies AIA and Alico for IPOs as bailout debt falls to $40bn
US-held American International Group (AIG) has revealed that it has obtained permission from the US authorities to position its top two international life insurance franchises for initial public offerings.
25 June 2009
S&P warns on 'bond market bubble'
The biggest risk to recovery from the global economic slump is the potential for the global bond market to break down, according to Standard & Poor (S&P)’s chief European economist, Jean-Michael Six.
25 June 2009
Pamplona builds Chaucer stake to 16 percent
Russian-backed private equity firm Pamplona Capital Management has now built a 16.27 percent stake in Lloyd’s insurer Chaucer subject to receiving approval from UK regulator Financial Services Authority (FSA).
25 June 2009
THB: Soft markets holding back progress
UK-quoted broker Thompson Heath Bond Group plc (THB) has pointed to sluggish insurance markets for a fall in the group’s earnings at the six-month stage.
25 June 2009
Benfield chairman to step down
John Coldman, the chairman of reinsurance broker Benfield Group - which was acquired by Aon Corp last year in a £935mn deal - will formally step down from the organisation at the end of this month.
24 June 2009
£1bn Hiscox leads flurry of proposed Lloyd's pre-emptions
Hiscox plc is leading a flurry of proposed bids among Lloyd's (re)insurers to expand their 2010 capacity in order to take advantage of anticipated good trading prospects and the stronger dollar.
24 June 2009
Flagstone Re leads Chaucer £50mn quota share
The growing popularity of quota share reinsurance was underscored with news that Bermudian (re)insurer Flagstone Re is the leader on the £50mn transaction that enables Lloyd's insurer Chaucer Holdings to increase its 2009 and 2010 capacity.
24 June 2009
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