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Ratings agencies remain cautious as AIG reassures
Ratings agencies have continued to be cautious on American International Group Inc's (AIG) prospects despite its $85bn US Government rescue on Tuesday (16 September).
22 September 2008
Shareholders meet to keep AIG private
Leading shareholders in beleaguered American International Group Inc (AIG) are set to meet today in a bid to come up with an alternative plan to the $85bn federal government bail-out that would effectively nationalise the US giant.
22 September 2008
Thofern to head Aon Benfield Re in Germany
Jan-Oliver Thofern, the recently appointed head of Aon Re Germany, will lead the reinsurance broker's combined German operations once Aon Corp's acquisition of Benfield Group is completed later this year.
22 September 2008
Beazley confirms MUM $37.5mn acquisition
Beazley Group has acquired the London-based personal accident underwriting agency Momentum Underwriting Management Ltd (MUM) for up to $37.5mn, the quoted Lloyd’s insurer revealed today.
22 September 2008
AIRROC commutation event set to break attendance record
The New Jersey based run-off commutations event which takes place next month is poised to be the largest yet with around 450 delegates now expected.
22 September 2008
HSBC brokers given Qatar greenlight
HSBC Insurance Brokers has become the latest broker to access the emerging Middle East market after gaining a licence for Qatar.
22 September 2008
Industry reveals extent of Lehman exposures
The global (re)insurance industry has been counting the cost and revealing its total exposure to failed US investment bank Lehman Brothers, which filed for bankruptcy protection on 15 September.
22 September 2008
Four cat bonds on negative following Lehman collapse
The collapse of Lehman Brothers made its impact felt in the reinsurance convergence markets last week as ratings agency Standard & Poor's (S&P) put tranches of four cat bonds guaranteed by the failed investment bank on negative watch.
22 September 2008
Does AIG spell end to soft market? Probably not…
Market figures and commentators have offered contrasting views on the perceived market opportunities in the wake of last week's US Government led bail-out of American International Group (AIG).
22 September 2008
SWIFT to launch electronic reinsurance platform
Global electronic banking payments specialist SWIFT is to provide an electronic platform for electronic data transmission to a group of major reinsurance players.
22 September 2008
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