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Greenshoots of recovery continue in airline market
Signs of recovery in the hard-pressed airline market are continuing with a 16 percent increase in April's hull and liability premium, according to Aon Aviation's latest report into the sector.
12 May 2008
Swiss Re hit by further credit losses
Swiss Re shares fell more than 5 percent last week after the reinsurance giant continued to disappoint analysts with further structured credit losses that halved Q1 profits.
12 May 2008
Pressure mounts on AIG's Sullivan after latest record loss
Pressure is mounting on American International Group (AIG) CEO Martin Sullivan as the crisis at the US giant deepened after a second consecutive record quarterly loss.
12 May 2008
JLT Re recruits from rivals
UK listed broker Jardine Lloyd Thompson Group (JLT) has strengthened its reinsurance operations with a slew of appointments from rival firms.
12 May 2008
Aon Re acquire Peruvian broker
Aon Corp has expanded its presence in the Latin American market after snapping up Peruvian reinsurance intermediary, Cosegur Re.
12 May 2008
Max Capital's net income slumps on investments
Max Capital Group Ltd revealed net income slumped $72.3mn compared to the prior-year period, which has been attributed to losses on investments.
12 May 2008
MMC falls to loss on Kroll charge, but analysts upbeat
Marsh & McLennan Companies (MMC) slipped to a $210mn first quarter net loss as a result of a $425mn goodwill writedown at its security consulting arm Kroll.
12 May 2008
MBIA sues insurers for D&O settlement costs
Monoline bond insurer MBIA Inc is suing two insurers over a $75mn settlement it made with US regulators last year.
12 May 2008
RSA 'should be broken up' says analyst
As RSA announced a 15 percent rise in group net written premiums to £1.7bn in the first quarter of 2008, compared to the prior-year period, one analyst believes it is "likely" the group will be broken up.
12 May 2008
Solvency II bigger than sub-prime, says S&P
The introduction of the Solvency II regulatory system in 2012 will be far more significant to European insurers than sub-prime losses and the credit crunch, according to a report by ratings agency Standard & Poor's (S&P).
12 May 2008
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