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  • Global insurer Zurich Insurance Group has put its 9.4 percent stake in New China Life Insurance Company up for sale on the Hong Kong Stock Exchange, the firm said today (20 November).
  • The question of whether reinsurers or reinsureds are liable to pay premiums to their brokers could be tested in the UK courts again this year when Absalom v TCRU reaches trial. The obligation appeared to have shifted to the reinsured during...
  • Lloyd’s listed insurer Beazley spoke of market conditions that remain “pretty good” as it announced 2004 profits that almost doubled from £17.1mn to £33.4mn, and earnings per share up from 5.0p to 9.3p year-on-year – despite its managed syndicates being h
  • Lehman Bros has been given the green light by the Financial Services Authority to begin trading at its subsidiary Libero Ventures Ltd - a new unit that aims to improve capital efficiency for (re)insurers by shifting exposures to the capital markets.
  • The decision last week by Lloyd’s to close its electronic trading platform Kinnect after spending £70mn+, and almost five years of development time, was not entirely unexpected, but has left a vacuum in terms of driving process...
  • The campaigning New York Attorney General Eliot Spitzer has widened his investigations into broker commissions by examining payments made by life and health insurers.
  • Stocks of London-listed specialty (re)insurers continued to slide last week, led by Lloyd's carrier Novae.
  • Lloyd's announced on 10 November that it had successfully set terms for its £500mn subordinated debt issue after an extensive road show that took it to investors in the UK and continental Europe.
  • It was only recently that a US judge was bemoaning the lack of case law on reinsurance broking commissions and then along comes Benfield Group suing rival Aon Re for $2.4m in damages...
  • US catastrophe claims reached $6.5bn in 2007, one of the lowest figures during the past decade, according to preliminary analysis by ISO's Property Claim Services Unit (PCS).