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  • Global electronic banking payments specialist SWIFT is to provide an electronic platform for electronic data transmission to a group of major reinsurance players.
  • 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.
  • Reinsurance broker US Re Corp has appointed former Generali executive Riccardo Nicolini as senior vice president.
  • Ariel Reinsurance Company Ltd has appointed Ryan Mather to the newly-created role of chief underwriter, property reinsurance.
  • 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.
  • 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.
  • 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...
  • 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...
  • 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.
  • American International Group, Inc. (AIG) has announced that its board has elected Edward Liddy as chairman and CEO, ending two days of speculation.