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Endurance to sell off London unit
Bermudian insurer Endurance Specialty Holdings is selling off its London insurance unit after a strategic review, The Insurance Insider revealed last week.
15 December 2008
Zurich and Converium settle long-running finite probe with SEC
Zurich Financial Services (ZFS) and its former reinsurance arm Converium - now part of French reinsurer SCOR - separately reached settlement agreements with the US Securities and Exchange Commission (SEC) last week over finite deals.
15 December 2008
RBSI buy-out talks falter further
The saga that is Royal Bank of Scotland's attempts to sells its highly regarded insurance operations may have hit a further snag last week with suggestions that private equity firm CVC is no longer in exclusive talks with the bank.
15 December 2008
XL hit by S&P downgrade
Troubled Bermudian (re)insurer XL Capital has been dealt a further blow in the build up to the key 1.1 renewal with the downgrade of the counterparty credit and financial strength ratings of its core operating...
15 December 2008
NCAR details new climate modelling advances
The US-based researcher the National Centre for Atmospheric Research (NCAR) has announced innovative research into future hurricane activity based on a new approach to climate modelling using its Bluefire supercomputer.
15 December 2008
(Re)insurance can weather 'worst crisis since 1930s'; Swiss Re
As a result of the most severe financial crisis since the 1930s, the world will see a severe recession without the prospect of a rebound before mid 2009...
15 December 2008
NAIC adopts reinsurance collateral framework
The National Association of Insurance Commissioners (NAIC) finally adopted its Reinsurance Regulatory Modernisation Framework Proposal (RMFP) on 7 December in a long-awaited move which will overhaul the US' current state-based regulation of alien reinsure
15 December 2008
London report recommends UK tax competitiveness
A report produced for the Mayor of London by Bob Wigley, Chairman of Merrill Lynch Europe to examine how London could sustain its position as the world’s leading financial centre has concluded the city is in danger of losing out...
15 December 2008
R&Q, Randall win bitter run-off dispute
A bitter dispute involving two run-off giants culminated in a victory last week for Randall & Quilter (R&Q) affiliate Cavell USA and R&Q founder Ken Randall against two insurance companies connected to Bermuda-headquartered Enstar Group
15 December 2008
AIG to pick up pace on disposals
American International Group (AIG) hopes to pick up the pace in its attempts to sell off multi-billion dollar assets as its chairman and CEO Ed Liddy said he expects to announce a number of transactions in the coming weeks.
15 December 2008
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