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Lloyd's to pilot messaging hub
Lloyd's will pilot its new messaging hub, the Lloyd's Exchange, in the third quarter of this year, The Insurance Insider can reveal.
06 May 2008
E&Y launches run-off unit
Ernst & Young is increasing its focus on (re)insurance run-off after launching a dedicated unit.
06 May 2008
Sub-prime related class action lawsuits mount
There have now been 76 sub-prime/credit crisis related class action lawsuits as anecdotal evidence suggests the extent of the (re)insurance industry’s potential exposures may be getting worse.
06 May 2008
Benfield also looks at pensions in cost drive
Benfield Group's efficiency drive has extended to the firm's prestigious pension scheme, with the company launching a consultation on reducing its contributions.
06 May 2008
ILS issuance to shrink in 2008: S&P
New issuance of catastrophe bonds and sidecar capacity in 2008 will be less than the record levels in 2007, due to low cat losses and softening traditional markets, predicted ratings agency Standard & Poor's (S&P).
06 May 2008
International News Digest
Royal Palm changes hands; Offshore energy underwriter launches; PWS 'still under investigation...
06 May 2008
Treasury consults on Equitas law change
The UK Treasury published its consultation paper for the four amendments to be made to the Financial Services and Markets Act 2000 in order to allow Phase II of the landmark $7bn deal between Equitas and Berkshire Hathaway to proceed.
06 May 2008
Insurers challenge Fox River pollution verdict
Three CNA subsidiaries are challenging the jury verdict that left them facing a multi-million payout to clean up the Fox River in Wisconsin.
06 May 2008
RBS Insurance sparks £6bn+ run on the bank
With Royal Bank of Scotland's advisers poised to issue sale particulars, there is a rush of interested parties. But who will win the £6bn+ race?
06 May 2008
Being sold short?
IAG looks increasingly vulnerable following earnings disappointment and with QBE's bid extended once more. Will anyone else join the hunt?
06 May 2008
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