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There are 68,813 results that match your search.68,813 results
  • AXA cuts 200 US jobs
    AXA Group's US subsidiary, AXA Equitable Life Insurance Co, has cut around 200 jobs, the equivalent of four percent of its US workforce, as it feels the strain of troubled global equity markets on its securities-based retirement products.
    22 December 2008
  • CEA opposes 'discriminatory' US tax proposals
    European (re)insurance trade body CEA has outlined its opposition to proposals to changes in US tax law in a letter to the US Senate Finance Committee and the Committee on Ways and Means for the US House of Representatives.
    22 December 2008
  • XL shares rally briefly on Buffett rumours
    Shares in troubled Bermudian (re)insurer XL Capital Ltd rallied almost 30 percent last week on the back of rumours that Warren Buffett-owned Berkshire Hathaway was considering a bid for the company.
    22 December 2008
  • AIG completes RMBS sale; settles longstanding lawsuit
    Restructuring continued apace at American International Group (AIG) last week. Ahead of its sale of Hartford Steam Boiler to Munich Re [see story 1] the troubled insurer announced the completion of the sale of $39.3bn face value...
    22 December 2008
  • Munich Re confirms Lloyd's syndicate launch
    Munich Re’s Lloyd’s operation Beaufort Underwriting Agency Ltd has received approval for its new, wholly-aligned syndicate to begin underwriting for the 2009 year of account, as predicted by The Insurance Insider in September.
    22 December 2008
  • Milberg set to drive Madoff class action juggernaut
    Class action law firm Milberg LLP - long the scourge of D&O insurers - has wasted little time in marking out the ground for what looks set to be a morass of litigation following the alleged $50bn fraud by Wall Street trader Bernard Madoff.
    22 December 2008
  • Swiss Re secures $1.5bn LOC to ease capital fears
    Swiss Re has entered into a $1.5bn long-term letter of credit (LOC) facility with JP Morgan to support its life reinsurance business.
    22 December 2008
  • Chaucer struggles for additional 2009 capacity; Ariel Re linked
    Lloyd's (re)insurer Chaucer Holdings is now seeking capital support in the form of a Qualifying Quota Share (QQS) reinsurance arrangement as it tries to ensure it will not be left behind in the race to take advantage of stronger underwriting conditions...
    22 December 2008
  • Torus builds platform with New Castle deal
    Last week's acquisition by Torus Insurance Holdings (Bermuda) Ltd of rights to renew "substantially all" New Castle Re contracts will also see the start-up take over the Citadel-backed Class of 2005 reinsurer’s office with the eventual transfer of...
    22 December 2008
  • Ex Gen Re CEO imprisoned over $500mn finite reinsurance fraud
    Former CEO of General Re Ronald Ferguson was sentenced to a two year custodial sentence for his role in the $500mn finite reinsurance fraud involving the Berkshire Hathaway owned reinsurer and American International Group (AIG).
    22 December 2008
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