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Swiss Re re-shuffles financial markets division
Swiss Re is re-shuffling senior management in its beleaguered financial markets division, and putting its "non-core" businesses into run-off.
01 September 2008
Markel Intl appoints new head
William Stovin has replaced the US-bound Gerry Albanese as president and COO of Markel Corporation’s London subsidiary Markel International.
01 September 2008
Hardy profits dip slightly on 2008 losses
Hardy Underwriting Bermuda Ltd said its profits dipped slightly in the first half of 2008 as the (re)insurer revealed plans to ramp up its presence in Bermuda.
01 September 2008
Moody's keeps watch on $184bn bond insurer deal
Ratings agency Moody's Investors Services said it would be assessing the impact on the credit profiles of FGIC Corp and MBIA Insurance Corporation following their $184bn reinsurance coverage deal.
01 September 2008
Brit profits halve on investment hit
In common with many (re)insurers, Brit Insurance Holdings plc saw its 2008 interim profits suffer as a result of unrealised losses on its investment portfolio, partly offset by reserve releases and a foreign exchange profit.
01 September 2008
$6.5bn Q3 CDS loss predicted for AIG
US giant American International Group Inc (AIG) could face third quarter losses reaching as high as $6.5bn at its troubled financial products division (AIGFP) as the credit markets continue to weaken, according to Credit Suisse analyst Thomas Gallagher.
01 September 2008
Allianz frees itself from Dresdner Bank in EUR9.8bn deal
Allianz has finally shed its under-performing banking unit Dresdner Bank for up to EUR9.8bn to German banking group Commerzbank.
01 September 2008
Max Capital names new CRO
Max Capital Group Ltd has appointed Kevin Werle as executive vice president and chief risk officer following the recent restructure of its senior management team.
01 September 2008
GC confirms Anger appointment
Guy Carpenter & Company LLC has announced the appointment of Cory Anger as head of global structuring for GC Securities.
01 September 2008
Alea returns to profit
Bermudian-headquartered run-off company Alea Group Holdings returned to profit in the first half of this year posting a result of $0.8mn against a loss in the prior-year period.
01 September 2008
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