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  • Allianz is set to become the latest (re)insurer to unveil a heavy Q4 loss, battered by investment writedowns and a further charge relating to its former investment banking arm Dresdner.
  • Despite the financial turmoil that has damaged earnings across the industry, HCC Insurance Holdings delivered relatively strong 2008 figures, with a 12 percent return on equity (ROE) along with Q4 and full-year net profits.
  • The Turkish Airlines plane that crashed at Amsterdam’s Schiphol International Airport is insured under the Willis-brokered Lufthansa programme, with Allianz as overall lead, The Insurance Insider can reveal.
  • US insurer Liberty Mutual is set to sponsor another cat bond with the launch of its $200mn Mystic Re III transaction – taking the tally of insurance linked securities (ILS) issuance to $550mn for 2009.
  • All eyes will be on American International Group (AIG) in the coming days amid fears that it is set to unveil the largest quarterly loss in US corporate history that could see it teeter once again on the edge of bankruptcy.
  • American International Group (AIG) has responded to reports that it is set to unveil the largest loss is US corporate history when it reports results next Monday (2 March) by confirming that it is in discussions with the US Government...
  • Berkshire Hathaway has once again demonstrated its appetite for providing capacity in distressed areas of the (re)insurance market with its backing of a $500mn facility with broker Marsh for Gulf of Mexico energy risks.
  • The Insurance Insider 2009 legacy survey has revealed that practitioners in the run-off space expect the global credit crunch to be a significant driver of new business in 2009, with 88.4 percent of respondents agreeing that the global credit crisis...
  • Currie extends RenRe stay; new CRO named...
  • ARC Congress, 2009 PLUS D&O Symposium, more fourth quarter and FY results...