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Ironshore in talks with new Lloyd's insurer
Former Quanta Syndicate among targets as Bermudian continues search for Lloyd's platform
30 May 2008
Heath completes partial transfer of wholesale units
The protracted saga of Cooper Gay's acquisition of Heath Lambert's wholesale units was finally completed as The Insurance Insider went to press with the transfer of some of the up-for-sale operations to the expanding (re)insurance broker.
30 May 2008
Greenberg could face civil charges over deals
American International Group's (AIG) former chairman and CEO Maurice "Hank" Greenberg could face civil charges after being served a Wells Notice by the US Securities and Exchange Commission (SEC) over his role in two reinsurance transactions.
30 May 2008
Brit provides capacity for JLT’s new SME facility
Brit Insurance Holdings Plc has signed an agreement with Jardine Lloyd Thompson (JLT) to provide capacity for the broker's new "micro-SME" facility.
30 May 2008
AIG sued by pension fund
American International Group (AIG) is facing two lawsuits accusing it of misleading investors about its credit default swap (CDS) portfolio, which has suffered more than $20bn in pre-tax writedown charges in the US giant's results for...
30 May 2008
IFEX to margin trade in US hurricane season
Trading risk platform Insurance Futures Exchange Services (IFEX) is to facilitate margin trading during the North Atlantic wind season - in a move that may encourage greater activity on the derivative exchange.
30 May 2008
Credit markets stabilise but insurers' work just starting
Despite US Treasury Secretary Henry Paulson’s recent comments that "we are seeing signs of progress as capital and credit markets stabilise", the (re)insurance market will "feel the effects for some time to come", according to experts.
30 May 2008
Just what went wrong…
Speaking at Trading Risk’s event last month, Goldman Sachs’ Michael Millette provided an erudite description of the turmoil facing the capital markets.
30 May 2008
Bermudians offer contrasting outlooks
Contrasting pictures were painted by late reporting Bermudian (re)insurers – depending on their vintage.
30 May 2008
NIG may be sold separately with £500mn tag
Although RBS' preference is to sell its insurance operations in one fell swoop, The Insurance Insider understands that it is considering listening to offers valuing the broker-only insurer NIG at around £500mn.
30 May 2008
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