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Berkshire Hathaway stake in Swiss Re could top 20%
Swiss Re shares were down by more than 25 percent today as investors digested the potential dilutive effect of Berkshire Hathaway’s latest intervention that could see the investment conglomerate take a stake of more than 20 percent in the reinsurer.
05 February 2009
2006 to the rescue?
Buffy, the long-suffering Lloyd’s Name, is again gloomy…
04 February 2009
International News Digest
AIG calls full time on Man U sponsorship; AJ Gallagher in $120mn renewal deal; Japanese trio merger confirmed; Munich and Hannover bullish; Milton receives four years; Flagstone secures $450mn LOC; AXIS bucks trend with ratings upgrade
04 February 2009
Stirling Cooke Brown finally liquidated
Stirling Cooke Brown Insurance Brokers Ltd (SCB), the firm at the centre of the notorious personal accident LMX spiral of the late 1990s, was placed into liquidation on 20 January 2009.
04 February 2009
ARC to hear legacy model update
Attendees who converge on the annual ARC Congress in London later this month will be updated on the progress of the first-ever dedicated capital model for the legacy sector.
04 February 2009
CHI cat futures storm into 2009
The Chicago Mercantile Exchange (CME) has traded $30mn notional limit of its CHI hurricane cat futures in the first weeks of 2009, as reinsurance broker Carvill withdraws from the initiative which it founded in 2007.
04 February 2009
Legal news
Mayer Brown hires new (re)insurance heads; Credit crunch hits Cadwalader earnings; Willis sues five former brokers
04 February 2009
Pricing (re)insurers' futures…
CDS spreads widen on perceived weak (re)insurers. XL Capital, Hartford and Swiss Re all vulnerable, say investors...
04 February 2009
Counting the Klaus cost
Upper estimates of insured losses from Windstorm Klaus, which swept across southern France and northern Spain on 23-24 January leaving a trail of destruction, are as high as EUR2.5bn for each country...
04 February 2009
RenRe next for Lime Street?
RenaissanceRe (RenRe) is expected to be next on the list of Bermuda-based (re)insurers establishing Lloyd's syndicates following the arrival of compatriot Arch Capital, which received approval...
04 February 2009
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