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Legacy years cut again…
Lloyd's was able to show further progress in shutting down prior-year liabilities in its 2008 annual results, as a flurry of year-end transactions demonstrated the appetite in the market to write reinsurance-to-close (RITC) business.
06 April 2009
Japanese cat treaty rates up 5-10% despite benign '08
The muscular yen contributed to average rate rises of 5-10 percent on Japanese property cat treaties at the key 1.4 renewal, according to reinsurance brokers Willis Re and Aon Benfield.
06 April 2009
FSA green-lights guidelines for broker commissions
UK regulator the Financial Services Authority (FSA) has granted "Industry Guidance" status to the market guidelines developed by broker trade bodies to deal with the thorny issue of transparency and disclosure around commissions and conflicts of interest
06 April 2009
AIG and XL feature heavily on P&I reinsurance
Despite their recent travails, American International Group (AIG) and XL Capital security featured heavily on the Millers-placed International Group of P&I Clubs (IG) excess of loss programme.
06 April 2009
Mahoney to leave Aon
Aon veteran Dennis Mahoney is set to retire from the broking giant, The Insurance Insider understands...
06 April 2009
The Odd Couple on the bridge
The Insurance Insider's Helvetian correspondent looks at the boardroom partnership appointed by Swiss Re to reverse its fortunes...
06 April 2009
EC3 insurers rush to plug £2.1bn dollar hole
Ahead of the crucial mid-year renewals, Lloyd's is confident that a capacity crunch will be averted after syndicates inject over £1bn of new capital to support their US writings...
06 April 2009
RSA to test legacy M&A appetite with British Engine sale
UK insurer RSA has again put its legacy portfolio British Engine up for sale, in a move that - together with the current auction of Copenhagen Re - will be a litmus test of buyers' willingness...
06 April 2009
Glacier Re up-for-sale; Paris Re considers future
Glacier Re, the Swiss-headquartered reinsurer, is still considering bid interest after putting itself up-for-sale earlier this year, The Insurance Insider can reveal.
06 April 2009
Quota share to the rescue
The new sidecar? Proportional reinsurance back in vogue as other capital avenues close...
06 April 2009
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