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  • Generally speaking, raising money from shareholders is about as popular right now as a cup of Darjeeling in Starbucks, so it's a good thing that investors are still willing to look at the insurance sector.
  • French reinsurer SCOR is set to issue the first transaction to break the stalemate in the insurance linked securities (ILS) market, with a $200mn US wind and quake cat bond expected to close on 5 February.
  • Vince Cable, deputy leader of the Liberal Democrat party warned the London market that an un-checked "vengeful mood" among the UK public towards financiers risked "destroying the wealth creation elements" of the City.
  • Early reporters of fourth quarter and full year 2008 financials could not escape collateral damage from the turmoil in the markets, although there was once again a clear divide between those appearing to...
  • Former head of Benfield's Latin America and Caribbean team Aidan Pope has left the firm in the wake of its merger with Aon to join rival Guy Carpenter, The Insurance Insider can reveal.
  • As evidence mounts that the potential EUR66.5bn+ German P&C legacy market may finally explode into activity, the European run-off industry prepares to convene on Cologne for its annual run-off Rendez-Vous.
  • Citadel Risk Management acquired "substantially all" of broking group AJ Gallagher's US reinsurance run-off portfolio in a move which the run-off specialist described as an "opportunity to create a run-off sector for the reinsurance intermediary market".
  • Accountancy firm KPMG has seen a steady increase in the number of schemes of arrangement it advises - 102 to date - and has now outstripped rival PricewaterhouseCoopers (PwC), which currently manages 77 schemes, including members of underwriting pools.
  • Allstate notified investors that its $250mn Willow Re cat bond defaulted on its scheduled interest payment on 2 February, as it fell victim to the credit risk that seeped into the sector in September last year.
  • The California Insurance Commissioner (CIC) is working to reach a settlement with French holding company Artemis SA and its owner Francois Pinault before an April deadline, in order to avoid further...