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IAG slumps to loss on UK write-downs
Troubled Australian insurer Insurance Australia Group Ltd (IAG) has slumped to a A$261mn loss after taking a A$350mn charge in relation to the impairment of its UK assets.
22 August 2008
Alabama insurance regulator joins Swiss Re
Swiss Re has hired Alabama insurance commissioner Walter Bell as chairman of its US operations, Swiss Re America Holding Corporation.
22 August 2008
European insurers weather the storm – Moody's
Despite difficult conditions and the ongoing capital markets turmoil, underlying performance by European insurers in the first half of 2008 remained relatively strong, according to a report by Moody's Investors Service.
22 August 2008
Moody's affirms Flagstone on Swiss move
Ratings agency Moody's Investors Service has affirmed the A3 insurance financial strength (IFS) ratings of Flagstone Reinsurance Ltd and its Flagstone Reassurance Suisse SA following the firm’s move to centralise its operating platform in Switzerland.
22 August 2008
Fay set for fourth Florida landfall
Slow-moving Fay is expected to make a fourth landfall in Florida after becoming just the fourth storm in recorded history to hit the state's peninsula with tropical storm intensity three separate times.
22 August 2008
Spiller to chair Lloyd's insurer
Bermudian Argo Group International Holdings has appointed former Guy Carpenter CEO, David Spiller, to take the position of chairman at its recently acquired Lloyd's insurer Heritage Managing Agency plc.
22 August 2008
MMC appoints new CFO
Marsh & McLennan Companies Inc (MMC) has appointed Vanessa Wittman as the group's new CFO, ending its search to replace the outgoing Matthew Bartley.
22 August 2008
Allianz has 10 percent share of Madrid crash
Allianz has a 10 percent share of the slip for the Spanair McDonnell Douglas MD-82 that crashed at Madrid airport on Wednesday, claiming 153 lives.
22 August 2008
Allianz has 10 percent share of Madrid crash
Allianz has a 10 percent share of the slip for the Spanair McDonnell Douglas MD-82 that crashed at Madrid airport on Wednesday, claiming 153 lives.
22 August 2008
Aon to buy Benfield in £844mn deal
Aon Corporation is set to buy London-listed Benfield Group in a £844mn deal cementing the Chicago-headquartered firm's position as the world's largest reinsurance broker.
22 August 2008
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