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Aon launches global placement tool
Broker Aon Global UK has launched a compliance tool for buyers of global (re)insurance programmes.
09 June 2008
Brit handed 'negative' outlook; rating affirmed
Brit Insurance Ltd (BIL) has received a "negative" outlook on its insurance financial strength (IFS) rating by Fitch Ratings, following concerns over its regional UK expansion.
09 June 2008
Lehman plans to raise further $6bn after losses
CV Starr has emerged as one of a number of candidates targeted by Lehman Brothers to buy a stake in the credit crunch-hit investment banking giant.
09 June 2008
Greenberg to see AIG documents
American International Group (AIG) has been ordered to give its former CEO and chairman, Maurice “Hank” Greenberg, access to company documents by the New York Court of Appeals.
09 June 2008
Insurers escape heavy Universal Studios loss
Insurers are not expecting to face a significant payout from the blaze that caused damage to the Californian theme park and studio lot of Universal Studios at the start of the month.
09 June 2008
UK insurers slash jobs
Two major UK insurers have revealed job cuts that could total almost 3,000 staff as they face up to "difficult times" and changes in the way business is placed.
09 June 2008
AIG investigated over CDS valuation
Shares in American International Group Inc (AIG) fell 7 percent to close at $33.93 Friday after it emerged the company is being investigated by the Securities and Exchange Commission (SEC) over its valuation of contracts linked to sub-prime mortgages.
09 June 2008
Markel/QBE defrauded for 'secret profits'
Markel International and QBE have won their bond fraud case brought against executives of Surety Guarantee Consultants Ltd (SGC) and a former Templeton Insurance director in the UK High Court.
09 June 2008
Benfield invests in sidecar
Reinsurance broker Benfield Group Limited has made a cash investment of $20.5mn in Hannover Re's $133mn Florida-focused sidecar vehicle, Globe Re.
09 June 2008
QBE bid for Suncorp unlikely
Suncorp CEO John Mulcahy has cast doubt over whether QBE will make a serious play for the company after questioning if a tie-up between the firms would be an "appropriate combination".
09 June 2008
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