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$30-50bn loss needed to halt decline in property cat reinsurance
At current pricing levels, it would take a $30-50bn ground-up property loss to reverse the slide in property cat reinsurance rates, according to Aon Re Global.
21 April 2008
‘Gold-plated’ reinsurance key to Equitas deal
"Gold-plated" reinsurance was key to the landmark $7bn deal between Equitas and Berkshire Hathaway according to Scott Moser, CEO of the Lloyd's run-off vehicle.
12 February 2007
Greenberg hits out at new AIG management over restated results
The legal team of former AIG CEO Maurice "Hank" Greenberg has published a "white paper" critiquing the company's restatement of its 2004 results.
10 August 2005
Lancashire share price on the up
Shares in Bermudian start-up (re)insurer Lancashire Holdings made an immediate impact on the London Stock Exchange's Alternative Investment Market (AIM), rising over 12 percent on the first day of conditional trading last Tuesday (13 December).
19 December 2005
Montpelier Re restores battered balance sheet with $600mn capital raising
Bermudian reinsurer Montpelier Re acted swiftly to restore its Hurricane Katrina battered balance sheet by raising some $600mn from selling its stock at $24 per share. The “class of 2001” reinsurer saw its share price plummet 17 percent...
19 September 2005
SCOR applies for Russian subsidiary license
French-headquartered reinsurer SCOR has deposited an application request for a composite subsidiary in Russia; a move which cements its life and non-life presence in the region.
01 December 2008
Benfield and Aon wrangle over broking conventions
It was only recently that a US judge was bemoaning the lack of case law on reinsurance broking commissions and then along comes Benfield Group suing rival Aon Re for $2.4m in damages...
12 July 2007
Marsh parts company with President William Malloy
Marsh Inc has parted company with William (Bill) Malloy, its president and former head of its Europe operations, after making his role redundant, The Insurance Insider can reveal.
03 November 2006
The Fruits of Mediocrity or Mendacity?
Laptop takes a look at investments at Lloyd’s and the recent trend of working capital cash calls, and argues for a review of procedures In closing the 1997 account on the 31st December 1999 Lloyd syndicates used £849mn of their premium income to boost
01 November 2000
London market reinsurers suffer N Korean setback
London market reinsurers led by Allianz suffered a blow following a High Court decision in their controversial EUR44.3mn dispute with the North Korean state insurer.
30 July 2007
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