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There are 69,298 results that match your search.69,298 results
  • Milberg set to drive Madoff class action juggernaut
    Class action law firm Milberg LLP - long the scourge of D&O insurers - has wasted little time in marking out the ground for what looks set to be a morass of litigation following the alleged $50bn fraud by Wall Street trader Bernard Madoff.
    22 December 2008
  • Swiss Re secures $1.5bn LOC to ease capital fears
    Swiss Re has entered into a $1.5bn long-term letter of credit (LOC) facility with JP Morgan to support its life reinsurance business.
    22 December 2008
  • Chaucer struggles for additional 2009 capacity; Ariel Re linked
    Lloyd's (re)insurer Chaucer Holdings is now seeking capital support in the form of a Qualifying Quota Share (QQS) reinsurance arrangement as it tries to ensure it will not be left behind in the race to take advantage of stronger underwriting conditions...
    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
  • Ex Gen Re CEO imprisoned over $500mn finite reinsurance fraud
    Former CEO of General Re Ronald Ferguson was sentenced to a two year custodial sentence for his role in the $500mn finite reinsurance fraud involving the Berkshire Hathaway owned reinsurer and American International Group (AIG).
    22 December 2008
  • Allianz's Blue Wings clipped early
    European insurance giant Allianz has called an early redemption of its pioneering $150mn Blue Wings cat bond, just eighteen months into its more than four year term.
    22 December 2008
  • JLT Re launches Bermuda treaty operation; Numis upbeat
    UK quoted Jardine Lloyd Thompson (JLT) has announced the launch of a new treaty reinsurance operation in Bermuda through JLT Re, its trading division.
    22 December 2008
  • Three more join Brazil throng
    Brazilian authorities have granted three more licenses to foreign reinsurers looking to tap into the country's recently opened reinsurance market.
    22 December 2008
  • IAG counts cost of UK retreat
    Troubled Australian insurer Insurance Australia Group (IAG) completed a partial withdrawal from the UK personal lines market with the sale of its Equity broking operations to UK High Street broker Swinton...
    22 December 2008
  • Buyers and brokers clash over FSA disclosure decision
    A Financial Services Authority (FSA) decision not to mandate broker commission disclosure in the UK wholesale market has been met by a polarised reaction from trade associations representing UK brokers and large buyers of insurance.
    22 December 2008
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