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Swiss Re Kielholz appointment gets lukewarm reception
Swiss Re's move to replace its chairman Peter Forstmoser with his deputy Walter Kielholz has met with a mixed response from analysts and investors, because of the latter's perceived role...
16 March 2009
Spanish market faced with unexpected EUR600mn Klaus bill
Spain's state-sponsored natural catastrophe and terrorism programme, the Consorcio de Compensación de Seguros (Consorcio), is locked in a serious disagreement with the commercial (re)insurance...
16 March 2009
S&P upgrades SCOR to A
SCOR SE has regained its Standard & Poor’s (S&P) "A" status, as the agency rewarded the reinsurer's underwriting performance and financial resilience with an upgrade to its counterparty credit and insurer financial strength ratings.
16 March 2009
HSBC puts UK insurance arm up for sale
HSBC has put its former Lloyd's insurance business HSBC Insurance (UK) Ltd up for sale, The Insurance Insider can reveal.
16 March 2009
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
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