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Unusual El Nino conditions inhibit forecasting
Guy Carpenter's Asia-Pacific Climate Impact Center (APCIC) over-estimated tropical cyclone activity in the Western-North Pacific region in 2009, the broker said in a review.
16 February 2010
AIG Alico sell off may be less than half cash
American International Group (AIG) may be forced to take more than $8bn of MetLife stock in lieu of cash if it wants to get life subsidiary Alico off its hands, according to US reports.
16 February 2010
Embattled FSA to lose CEO Sants
Hector Sants revealed he would stand down as CEO of UK regulator the Financial Services Authority (FSA) last week.
16 February 2010
Flagstone shareholders’ equity falls 30% in 2011
Flagstone Re booked a net loss of $85.2mn for the quarter and $326.1mn for the year as the burden of catastrophe losses decimated the reinsurer's bottom line and contributed to a 30 percent drop in shareholders' equity in 2011.
22 February 2012
ACE sees growth opportunities tighten; offers sub-prime reassurance
Bermudian-headquartered insurance giant ACE Ltd has sought to reassure investors over the potential exposure of its investment portfolio to the sub-prime fallout.
21 December 2007
Swiss Re challenges merger history with record GE deal
If its proposed acquisition of GE Insurance Solutions concludes without a hitch next summer, Swiss Re will be able to proclaim itself as the biggest reinsurer on the planet, leapfrogging its rival, Munich Re.
08 December 2005
Lehman Bros takes principal risk
Lehman Bros has been given the green light by the Financial Services Authority to begin trading at its subsidiary Libero Ventures Ltd, which aims to transfer "vanilla" exposures by employing securitisation...
09 November 2007
Class Action lawsuits grow as commission investigations spread across the Union
Earlier this month, Florida's attorney general Charlie Crist became the latest US regulator to open an investigation into alleged bid-rigging and insurance commission arrangements. Crist's office said that he had subpoenaed 10 insurance brokers: MMC,
01 November 2004
XL estimates $190mn-$290mn Japan hit
Dublin-headquartered (re)insurer XL has estimated that its likely net losses from the Japanese earthquake and tsunami will be between $190mn and $290mn
05 April 2011
Platinum aided by releases as buybacks continue
Platinum Underwriters continued to buy back its stock aggressively in the third quarter, while the (re)insurer's underwriting result was again left reliant on a significant contribution from reserve releases.
17 October 2013
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