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£60mn+ UK takaful start-up given go-ahead
Principle Insurance Company Ltd is to launch as the first dedicated British takaful provider after receiving authorisation from the FSA.
06 May 2008
Swiss Re profits halve on credit losses
Swiss Re shares slid more than 6 percent to SFr82.30 after the reinsurance giant continued to disappoint analysts with further structured credit losses that halved Q1 profits.
06 May 2008
Swiss Re shares slide as profits halve on credit losses
Swiss Re shares fell more than 5 percent this morning after the reinsurance giant continued to disappoint analysts with further structured credit losses that halved Q1 profits.
06 May 2008
Berkshire Hathaway sues as run-off dispute escalates
Bermudian run-off company Enstar and US investment firm accused of 'hatching scheme' to sell insurance companies
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
EW Payne Pools sets July decision date
The UK High Court has set a 4 July date for scheme meetings for 82 companies involved in the EW Payne Underwriting Pools scheme of arrangement.
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
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
MMC rejects Kroll buy-out offer
An approach from former European chairman of Marsh, McLennan Co's (MMC) security consulting arm, David Buchler to buy the firm for $1.5bn has been rebuffed.
06 May 2008
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
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