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Zurich to sell Chinese insurer stake
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).
20 November 2013
Broker commissions to be tested following RK Carvill/XL dispute
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...
16 February 2006
Beazley sees good conditions, prepares for downturn
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
21 March 2005
Lehman Bros launches Libero securitisation vehicle
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.
22 October 2007
Kinnect closure leaves potential vacuum
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...
30 January 2006
Spitzer widens commissions probe to employee benefits
The campaigning New York Attorney General Eliot Spitzer has widened his investigations into broker commissions by examining payments made by life and health insurers.
14 June 2004
London stocks continue slide
Stocks of London-listed specialty (re)insurers continued to slide last week, led by Lloyd's carrier Novae.
20 January 2014
Lloyd's gets debt issue off the ground
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.
01 November 2004
Benfield and Aon wrangle over broking conventions
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...
12 July 2007
2007 US cat claims just $6.5bn
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).
21 January 2008
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