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Hannover springs to life with EUR100mn deal
Convergence stalwart Hannover Re has successfully completed a EUR100mn embedded value life transaction, proving that the foundering life securitisation market still has a pulse.
19 January 2009
Willumstad replaces Sullivan as AIG CEO
Martin Sullivan has resigned as chief executive of American International Group (AIG) after bowing to mounting shareholder pressure over the company’s performance that has slumped on heavy credit losses.
15 June 2008
ACE expands Middle Eastern operations
ACE Group has expanded its presence in the Middle East with the launch of two new subsidiaries.
19 May 2008
Charles Taylor falls 30 percent
Shares in London-based insurance services provider Charles Taylor Consulting (CTC) fell almost 30 percent last week after a profits warning.
23 August 2010
Heath Lambert again restructures; plans to spin-off pension liabilities
As predicted in the May edition of The Insurance Insider, UK broker Heath Lambert Group has undergone another capital restructuring less than two years after a debt-for-equity swap with its bankers.
31 May 2005
Retrial granted over $178mn WR Berkley truck death exposure
WR Berkley has succeeded in persuading a trial judge that an extraordinary $178mn damages award against one of its subsidiaries following a tragic road accident was excessive
04 February 2014
US plans long-term TRIA extension
The US government is set to introduce a bill to extend the Terrorism Risk Insurance Act (TRIA) in April.
12 March 2007
Katrina set to double Ivan energy losses
Sector set for more woe; OIL mutual facing downgrade threat
12 September 2005
Ace appoints UK and Ireland casualty manager
Ace Group today (3 April) announced the appointment of Mark Roberts as casualty manager for the UK and Ireland, as it continues to invest in building its liability insurance capabilities across the region
03 April 2013
Lloyd’s plans casualty boost in 2011
Lloyd's business plans are budgeting a 3 percent increase in casualty premiums in 2011, as managing agents project an improvement in profitability of just over 5 percent next year.
21 December 2010
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