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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
Lights go out on Brighter Business
After just two years of trading, Catlin's bid to become the Direct Line of commercial SME business through its cover holder Brighter Business Ltd has ended and the company is now in run-off, The Insurance Insider has learnt.
30 May 2008
USAA latest to launch cat bond; surge ahead of US wind season
With almost $1bn of cat bond capital issued in May and another $500mn+ in the pipeline, the market is buoyant once again after the slow start to 2008
30 May 2008
Florida considers $3-5bn reinsurance programme
Trio of brokers approach traditional and collateralised capacity as official hurricane season begins on 1 June
30 May 2008
Date set for UIB/Marsh trial
The staff-poaching dispute between UIB and Marsh is to be heard before the Commercial Court on 30 June.
30 May 2008
Will Holt stay at Amlin after £5.77mn share sale?
Speculation over the future of Amlin’s star head of underwriting, Tony Holt, has further intensified after it emerged that the market veteran has sold the vast majority of his shares in the Lloyd’s insurer.
30 May 2008
ILS shines amidst turmoil
The insurance linked securities (ILS) sector is a rare jewel that stands out from the credit market turmoil, according to market leaders speaking at Trading Risk's inaugural Executive Briefing event last month.
30 May 2008
Twin assault hits 'undervalued' Berkshire
Berkshire Hathaway was not immune to the twin assault of the softening market and credit fallout as first quarter net profits dropped by around 64 percent to $940mn.
30 May 2008
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