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Allianz, London market finally settles North Korea dispute
The long-running fraud dispute with the North Korean state insurance company – which even attracted the attention of the US broadcaster Fox TV – was finally settled this month when lead (re)insurer Allianz Global agreed a EUR40mn...
09 December 2008
Chinese call off $2.15bn move on AIG’s Taiwan life unit
The American International Group (AIG) is "evaluating its options" after the collapse of the $2.15bn sale of its Taiwan unit to Chinese suitors.
21 September 2010
Berkshire Hathaway continues to avoid cat business
Berkshire Hathaway, the reinsurer with the largest balance sheet and appetite for catastrophe business when the price is right, continued to cut back its property and casualty (P&C) risk exposures in the third quarter.
08 November 2010
Benfield appoints Ex-RenRe president
Benfield Group Ltd has appointed former RennaisanceRe president Bill Riker as a non-executive director.
30 June 2008
Hardening market talk ‘premature’ says Fitch with (re)insurance sector downgrade
Analysts at ratings agency Fitch downgraded their rating outlook for the combined insurance and reinsurance sectors from stable to negative on Friday (17 October).
20 October 2008
Canopius considers expansion outside Lloyd’s
Fast growing insurer Canopius Ltd is looking at options to expand its platform outside Lloyd’s, Insider Week can reveal.
23 April 2007
Contract certainty blamed for rethink on Accounting and Settlement
Lloyd's is planning to scale back the implementation of its Accounting and Settlement (A&S) project for the market as it looks to focus resources on the task of achieving contract certainty by the deadline of the end of next year imposed by...
21 July 2005
IAG counts cost of UK retreat
Troubled Australian insurer Insurance Australia Group (IAG) completed a partial withdrawal from the UK personal lines market with the sale of its Equity broking operations to UK High Street broker Swinton...
22 December 2008
Reinsurance giants continue to divide
The world's two largest reinsurers continue to divide analysts over their prospects as they look to ride difficult underwriting conditions and exposure to the wider global economic and credit environment.
30 May 2008
Swiss Re launches $700mn mortality cat bond Vita III
Affirming Swiss Re's position as a leading distributor of risk to the capital markets is the Vita Capital III securitisation which saw the reinsurer recently issue $700mn of mortality catastrophe notes.
15 January 2007
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