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There are 68,928 results that match your search.68,928 results
  • Chubb in modest steering settlement
    Chubb Corp has agreed to pay $239,011 to resolve allegations that it offered improper incentives to a brokerage firm in order to steer business its way.
    02 March 2009
  • Takaful insurance resilient to turmoil
    Gulf Islamic financial institutions (GIFI) and (re)Takaful companies are less exposed to the repercussions of the global financial market dislocation than conventional insurers due to Sharia law, which prohibits interest-based financial products.
    02 March 2009
  • FSA reveals threshold test for Schemes of Arrangement
    UK regulatory body Financial Services Authority (FSA) has warned that its endorsement of proposed schemes of arrangement is not a "foregone conclusion" and it will continue to push back on "arbitrary formulaic offers" that do not sufficiently protect poli
    02 March 2009
  • Reinsurers forcing through rate increases
    Reinsurers are determined to reverse the period of softening rates and declining investment returns that marked at least the first half of 2008, and are increasingly driven by financiers demanding a return on capital and forcing through rate increases in
    02 March 2009
  • Gen Re reaches $72mn settlement with Ohio
    Berkshire Hathaway-owned reinsurer General Re (Gen Re) is to pay out $72mn to settle a claim brought by Ohio Attorney General Richard Cordray and three Ohio pension funds in relation to its role in the notorious $500mn fraudulent finite reinsurance transa
    02 March 2009
  • Brit Insurance's cat bond upgraded
    Fitch Ratings upgraded the class B notes of Brit Insurance's three-year catastrophe swap deal Fremantle, as the likelihood of a loss is diminishing with the risk period moving closer to completion.
    02 March 2009
  • Mitsui Sumitomo recruits new CEO for Lloyd's arm
    Mitsui Sumitomo has recruited Chubb Senior vice president Andrew McKee to head its Lloyd's platform, Mitsui Sumitomo Insurance Underwriting at Lloyd's (MSIUL).
    02 March 2009
  • BHAC writes $15.6bn in municipal bonds; mea culpa on pricing
    As the monoline insurers teetered on the abyss' edge a year ago, Berkshire Hathaway famously stepped in with an offer to write their municipal, or tax-exempt, bonds.
    02 March 2009
  • Maiden Holdings produces $58mn 2008 earnings as GMAC Re buy kicks in
    Maiden Holdings Ltd, the Bermudian domiciled reinsurer that forms part of the AMTrust Group, has produced operating earnings of $58mn in 2008, as it wrote on net written premiums of $727.4mn and produced a full-year combined ratio of 94.9 percent.
    02 March 2009
  • Swiss Re and Hartford downgraded
    Late last week the ratings agencies trimmed the ratings of (re)insurance giants Swiss Re and troubled US composite group The Hartford.
    02 March 2009
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