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There are 69,298 results that match your search.69,298 results
  • California wildfires to cost up to $800mn
    Catastrophe risk modeling firm AIR Worldwide estimates that total insured losses from the Triangle Complex, Sayre and Tea Fires in Southern California will now likely range between $600mn and $800mn.
    24 November 2008
  • Canadian class action targets AIG's $200mn D&O cover
    A Canadian law firm has filed a C$550mn class action lawsuit against American International Group (AIG), AIG Financial Products Corp (AIGFP) and various directors and officers, alleging that the firm caused massive losses to Canadian investors.
    24 November 2008
  • $350mn estimated FI loss from Lehman Brothers Japanese loan fraud
    The beleaguered financial institutions market is facing an estimated $350mn loss as a result of a bankers blanket bond policy for Lehman Brothers, understood to be brokered by Marsh, which has been triggered by an elaborate alleged fraud in Japan...
    24 November 2008
  • Solvency II struggle continues with removal of key component
    All reference to group support and group supervision has been cut from the text of the draft Solvency II Framework Directive to be submitted for approval by the European Union Council of Economic and Finance Ministers (EUCEFM) on 2 December.
    24 November 2008
  • Citigroup rescue calms investors (for now)
    Nervous equity markets were given a dose of Calpol today following news late last night that the US government would inject $20bn into Citigroup to prevent a collapse that would cause global financial chaos.
    24 November 2008
  • Chinese in AIG Alico talks; aircraft leasing sale imminent
    A consortium led by Chinese sovereign wealth fund China Investment Corp, together with Chinese insurers including China Life Insurance Co, is negotiating with American International Group (AIG) to buy up to a 49 percent share of its...
    24 November 2008
  • Lloyd's (re)insurers rush to expand as they see 2009 opportunities
    Lloyd's (re)insurers are revising their 2009 business plans upwards as they spy greater opportunities in 2009 from the fall-out of American International Group (AIG) and suggestions that market rates will turn upwards.
    24 November 2008
  • Willis develops London wholesale specialty 'mall'
    Faber & Dumas, Willis' newly created specialty platform, has become one of London's largest wholesale brokers with the migration of three new businesses alongside Glencairn Ltd.
    24 November 2008
  • Somalian piracy will fuel rate rises
    Recently intensified levels of piracy around the notoriously volatile seas off the East Coast of Africa look set to hike marine and kidnap and ransom insurance rates to cover the increased risk to merchant vessels of all sizes sailing through the area.
    24 November 2008
  • New York u-turn on CDS regulation
    Eric Dinallo, superintendent of the New York Insurance Department, has reversed plans for the state to regulate credit default swaps (CDS) that it considers insurance.
    24 November 2008
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