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Sants issues 'five commandments' of risk
The chief executive of UK regulator the Financial Services Authorty (FSA), Hector Sants, spelt out a move away from the organisation’s traditional principle-based regulatory approach in a speech last week.
16 March 2009
AIG bonuses cause furore
A political storm is once again brewing over bonus payouts at stricken insurance giant American International Group (AIG).
16 March 2009
Hannover Re talks tough on mid-year renewals after first ever loss
Outgoing Hannover Re CEO Wilhelm Zeller said the 11 percent rate increases it saw in its US catastrophe lines at the key 1/1 renewals are "encouraging but frankly not enough...
16 March 2009
Chaucer mulls approaches as bid deadline passes
Up-for-sale Lloyd's insurer Chaucer Holdings – which last week posted a better-than-expected loss for 2008 – is mulling a number of approaches after the deadline it set for formal bids passed last Thursday (12 March).
16 March 2009
Aspen parts company with FI underwriting head
Adrian Fox – the underwriter at the centre of a challenging financial institutions (FI) reinsurance programme renewal for Aspen Insurance Holdings – has resigned from the company, The Insurance Insider revealed today.
16 March 2009
Max to trim hedge fund allocation further still
Max Capital has announced that it intends to further reduce its investment allocation to alternative assets from 14 percent to a 10-12 percent range at the end of 2008.
16 March 2009
Paris Re weathers Ike for solid 2008
Paris Re posted solid full-year results for 2008, increasing tangible shareholder's equity by 8.3 percent over the year, despite taking a heavy impact from Hurricane Ike.
16 March 2009
Scottish Lion confident on scheme vote
Proposers of the Scottish Lion solvent scheme of arrangement are confident it will be sanctioned at a hearing in early July, as votes are totted up from its 2 March creditors' meeting.
16 March 2009
Madden resigns as Kiln COO
Kiln Group chief operating officer Marion Madden has resigned from the Lloyd’s (re)insurer, The Insurance Insider can reveal.
16 March 2009
AIG details $95.7bn counterparty payouts
Following a number of leaks and counterleaks in recent weeks, AIG has detailed the counterparties that have benefited from the $95.7bn in collateral and other payments made out of bail-out funds since its first government rescue last September.
16 March 2009
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