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There are 68,813 results that match your search.68,813 results
  • CII scraps down under merger plans
    The UK's Chartered Insurance Institute (CII) has abandoned plans for a merger with the Australian and New Zealand Institute of Insurance and Finance (ANZIF) after previously undisclosed revenue losses of A$1.5mn came to light.
    22 December 2008
  • 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
  • Allianz's Blue Wings clipped early
    European insurance giant Allianz has called an early redemption of its pioneering $150mn Blue Wings cat bond, just eighteen months into its more than four year term.
    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
  • 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
  • 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
  • Sagicor unveils life plans at Lloyd's
    Jamaica-headquartered insurer Sagicor Group's Lloyd's arm intends to re-start writing life business next year through Syndicate 44, The Insurance Insider can reveal.
    22 December 2008
  • AIG agrees $742mn sale of Hartford Steam Boiler to Munich Re
    American International Group (AIG) and Munich Re have agreed a deal that will see the German reinsurer buy Hartford Steam Boiler Group (HSB) for $742mn cash in the first significant insurance deal as part of the beleaguered US insurer’s asset sale program
    22 December 2008
  • HSBC head of insurance commits suicide
    Christen Schnor, HSBC's head of insurance in the UK, Turkey, the Middle East and Malta was found hanged in a hotel room on 21 December after apparently committing suicide.
    22 December 2008
  • Buyers and brokers clash over FSA disclosure decision
    A Financial Services Authority (FSA) decision not to mandate broker commission disclosure in the UK wholesale market has been met by a polarised reaction from trade associations representing UK brokers and large buyers of insurance.
    22 December 2008
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