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There are 68,940 results that match your search.68,940 results
  • Munich Re in $742mn deal for AIG's Hartford Steam Boiler
    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...
    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
  • CII scraps merger plans
    The 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 AUS1.5mn came to light, The Insurance Insider understand
    19 December 2008
  • 2008 insured cat losses hit $50bn
    Insured catastrophe losses this year are estimated to have hit $50bn, making 2008 the second costliest on record, according to research from Swiss Re.
    18 December 2008
  • Citadel forced to continue reinsurance exit
    The acquisition of New Castle Re renewal rights by start-up Torus Insurance Holdings (Bermuda) Ltd signals the continued withdrawal of Citadel Investment Group from the Bermudian reinsurance market as it faces increasing cash pressures in its managed hedg
    18 December 2008
  • Cat futures market trades $450mn
    The catastrophe futures market has traded more than $440mn of notional volume since its inception in late 2007, cementing it as a valuable tool for trading risk.
    18 December 2008
  • $115mn AIG lawsuit settlement approved
    A $115mn settlement has been given final approval in a lawsuit brought by the Teachers Retirement System of Louisiana against four former AIG chief executives and CV Starr & Co.
    18 December 2008
  • Ferguson sentenced to two years for Gen Re/AIG finite fraud
    Former CEO of General Re Corp Ronald Ferguson has been sentenced to two years in prison for his role in a fraud involving Gen Re and American International Group (AIG) which led to large losses for investors.
    17 December 2008
  • Amlin completes £50mn fundraising for quota share syndicate
    Amlin plc has successfully raised the £50mn in third party capital from Names it targeted for its new quota share syndicate.
    16 December 2008
  • Munich Re confirms launch of new Lloyd's syndicate
    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 first revealed by The Insurance Insider in September.
    16 December 2008
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