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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
Senior Marsh UK exec replaced
Chris Wallace the head of the commercial client practice at Marsh UK has left the company "to pursue other interests", The Insurance Insider has learned.
22 September 2008
US Re hires Generali veteran
Reinsurance broker US Re Corp has appointed former Generali executive Riccardo Nicolini as senior vice president.
22 September 2008
Senior appointments at Ariel Re
Ariel Reinsurance Company Ltd has appointed Ryan Mather to the newly-created role of chief underwriter, property reinsurance.
22 September 2008
Cat modellers narrow Ike loss range
Loss estimates from Hurricane Ike have been narrowed by two leading catastrophe modelling firms, as loss adjusters continue to count the cost of the damage.
22 September 2008
(Re)insurance stocks bounce back
Non-life (re)insurance stocks continued to bounce back this morning (22 September) as the mooted US government financial market rescue plans and temporary bans on short selling fuelled further buying of global financials.
22 September 2008
Will Solvency II now need to be rethought?
The financial markets meltdown - which has led to the rescue of American International Group, the collapse of Lehman Brothers and the effective end to the investment banking industry...
22 September 2008
US signals end of the investment bank
After a week of unparalleled upheaval in the financial world, the US Federal Reserve last night effectively signalled the end of the investment bank model as it agreed to convert Morgan Stanley and Goldman Sachs Group...
22 September 2008
(Re)insurance stocks buoyed by government rescue plans
Swiss Re led soaring stock values among global (re)insurers as markets were buoyed by mooted US government financial market rescue plans and the temporary ban on short selling – with FTSE 350 non-life stocks averaging gains of more than 10 percent.
19 September 2008
AIG confirms Liddy appointment
American International Group, Inc. (AIG) has announced that its board has elected Edward Liddy as chairman and CEO, ending two days of speculation.
19 September 2008
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