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AIG, Munich Re and Starr Tech set to take brunt of $150mn+ Kleen Energy CAR loss
American International Group (AIG) and Munich Re lead the $150mn+ construction all risks (CAR) policy for the fatal explosion at the Kleen Energy gas- and oil-fired plant on 7 February.
10 February 2010
Canopius and Hiscox fiddled by Stradivarius loss
Lloyd's insurers Canopius and Hiscox will be forced to face the music if attempts to recover a $1.9mn antique violin stolen in London on Monday (6 December) are unsuccessful, The Insurance Insider has learned.
07 December 2010
Legal news in brief
No Chubb review for Travelers from US court; Lloyd's in Stanford fees costs wrangle
15 December 2010
Barbican acquires marine broker Seacurus
Lloyd's (re)insurer Barbican Group today (24 June) announced that it has acquired Seacurus, a UK-based specialist marine insurance broker
24 June 2013
Rates are falling but earnings stay strong at Q3
Early-reporting (re)insurers and brokers posted a healthy set of third quarter results last week, reflecting a quiet US catastrophe year to date and boosted by increased retention rates and reserve releases, according to William Wilt, analyst at Morgan St
29 October 2007
Merger boosts Alterra results
Bermudian (re)insurer Alterra reported a 23 percent rise in full-year net income to $302.3mn as its merger last May helped to boost premium income in 2010
09 February 2011
Greenberg fraud case could go to New York’s highest court
The fraud case against ex-American International Group (AIG) chairman and CEO Maurice "Hank" Greenberg and former AIG CFO Howard Smith could be heard by New York's highest court.
23 July 2012
Achilles-Brit deal vote period extended into 2011
Brit shareholders have been given a further fortnight to vote on the joint Apollo-CVC offer for the listed Lloyd's insurer first unveiled in late October.
29 December 2010
European (re)insurer shares bounce back; but US continues to stutter
Shares in European (re)insurers have bounced back this afternoon after sliding in early trading today.
22 January 2008
Oxygen launches reinsurance arm
London-based broking proposition Oxygen Holdings plc launched its reinsurance arm, Oxygen Re, last week. Oxygen Re will cater for all types of non-marine, marine and aviation treaty reinsurance and retrocession covers on a
18 September 2006
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