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An opportunists’ market – not a hard one
Despite widespread proclamation of a market changing event, the evidence remains mixed...
11 November 2008
Willis mulls 2009 sidecar as capital becomes king
Broker Willis Ltd is seeking investor support for a new industry sidecar, The Insurance Insider can reveal, indicating market sentiment for a hardening property cat market in 2009.
11 November 2008
RBSI value falls to £4.5bn
Royal Bank of Scotland’s insurance assets – which include Direct Line, Churchill, Privilege and the specialty insurer NIG – may now fetch less than £4.5bn, as private equity firm CVC enters into advanced talks with the bank...
11 November 2008
Credit derivative losses hit Berkshire profits
Credit derivatives – famously described as “financial weapons of mass destruction” by Warren Buffett – came back to bite his Berkshire Hathaway investment conglomerate as its profits slumped 77 percent in the third quarter.
11 November 2008
Michael to head Berkshire run-off unit
Resolute Management Ltd, Berkshire Hathaway’s operation for managing its discontinued London market lines, will now be led by Steve Michael, The Insurance Insider can reveal.
11 November 2008
Trading Risk Briefs
FSA green light for Leadenhall; Aon Benfield unit takes shape; Cat futures leap
11 November 2008
Fairfax profits amidst gloom
The alternative investment approach taken by Prem Watsa at the helm of Fairfax has helped the Canadian combine navigate a safe passage through the troubled waters of the financial markets.
11 November 2008
The Hartford clarifies capital position on disastrous Q3
Despite a moderate rally in its share price, the Hartford Financial Services Group has endured a miserable few weeks in which it reported a $2.6bn Q3 loss, a cut in earnings forecasts and an earnings call that left...
11 November 2008
Hannover Re targets break-even
Shareholders funds at Hannover Re have shrunk by more than 20 percent from EUR3.3bn at the start of the year to EUR2.6bn at the end of September as the German reinsurer booked a Q3 net loss of EUR395mn...
11 November 2008
Obama win puts Bermuda tax under the spotlight
As the financial world waits for President-elect Obama’s key appointments in the US Treasury, the attention of the (re)insurance industry once again turns to the taxation debate over offshore domiciles and the future...
11 November 2008
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