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There are 68,940 results that match your search.68,940 results
  • 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
  • US P&C industry slumps to $9.9bn Q3 loss
    The US property & casualty industry slumped to a $9.9bn third quarter net loss driven by underwriting losses and heavy investment write-downs.
    22 December 2008
  • Amlin completes fundraising for 2009 QS syndicate
    Amlin plc has successfully raised the £50mn in third party capital from Names it targeted for its new quota share syndicate.
    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
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