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There are 69,298 results that match your search.69,298 results
  • Lloyd's exchange to enforce ACORD in market
    Lloyd's messaging hub initiative will not lead to a substantial cost to market participants, according to the Corporation's director of market operations and North America Sue Langley.
    19 January 2009
  • RBSI sale pressure increases following latest bail-out
    The heaviest prospective loss in British financial history sent Royal Bank of Scotland shares spiraling down 70 percent today (19 January) and made the bank's up-for-sale insurance arm technically worth more than the entire market capitalisation of the...
    19 January 2009
  • UK Bank Bailout MKII
    Nomura's comments (see article 1: (Re)insurance stocks hit as banks bailed out again) came as the UK government unveiled a further bailout of the banking sector, at the centre of which is an insurance scheme that would effectively see the taxpayer underwr
    19 January 2009
  • UBS ordered to pay $40mn Madoff claim
    Swiss banking giant USB has been ordered to pay French financial management company Oddo & Cie EUR30mn ($39.4mn) to reimburse its Madoff-related losses through Access International's LuxAlpha Sicav fund, which is supervised by UBS's Luxembourg unit.
    19 January 2009
  • RBSI sale pressure increases
    According to sources, after a month of exclusive talks private equity firms Apollo Capital and BC Partners are on the cusp of launching a formal bid for Royal Bank of Scotland Insurance (RBSI), which is likely to value the units at close to £5bn.
    19 January 2009
  • Aon Benfield to outsource UK back office
    Aon Benfield, the reinsurance arm of broking giant Aon Corp, confirmed last week it is to outsource its UK back office following the £935mn merger of the two firms last year.
    19 January 2009
  • Investor default sours Takaful insurer's ratings
    Kuwaiti Islamic reinsurance company Al Fayer Retakaful Insurance's financial strength rating of A- has been put under review with negative implications by ratings agency AM Best.
    19 January 2009
  • Madoff losses could reach nearly $4bn
    Aon Benfield predicted last week that insured losses arising from the alleged $50bn Bernard Madoff Ponzi scheme could reach as high as $3.8bn.
    19 January 2009
  • AIG led crashed US Airways jet
    Willis placed the cover on the US Airways Airbus A320 which crashed into the Hudson river, New York shortly after take-off on the 15 January.
    19 January 2009
  • (Re)insurance stocks hit as banks bailed out again
    With governments once again in bail-out mode as the banking sector both sides of the Atlantic lurched into its latest crisis, the (re)insurance sector - despite its relatively bright outlook - is again struggling to decouple itself from the fortunes of it
    19 January 2009
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