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Large risk losses to hit Munich Re Q1 results
Munich Re warned its first quarter 2008 profits are likely to be down on last year's, following "major losses" in the first three months of the year.
21 April 2008
European Commission consults on anti-trust exemption
The European Commission has launched a public consultation on whether the (re)insurance industry should remain exempt from the European Union's anti-trust rules.
21 April 2008
RBS cash raise could include sale of insurance subsidiaries
Credit crunch-hit Royal Bank of Scotland (RBS) could sell insurance subsidiaries Direct Line and Churchill to raise up to £5bn, according to industry commentators.
21 April 2008
Texas wind pool looks for extra $500mn reinsurance cover
The Texas Windstorm Insurance Association (TWIA) is set to buy an additional $500mn of reinsurance cover for the 2008 hurricane season as it responds to increased coastal exposure.
21 April 2008
Large risk losses to hit Munich Re Q1 results
Munich Re warned its first quarter profits are likely to be down on last year’s, following “major losses” in the first three months of 2008.
17 April 2008
Brazil deregulates reinsurance market; Lloyd's receives first admitted license
Lloyd's has become the first admitted reinsurer in Brazil, following deregulation of the country's reinsurance market.
17 April 2008
Omega breaks off takeover talks
Lloyd’s insurer Omega has terminated talks with potential suitors interested in acquiring the company, the firm has announced.
16 April 2008
IAG rejects QBE 'takeover' approach
Insurance Australia Group (IAG) has rejected two merger proposals by rival QBE Insurance Group claiming the offer price is "inadequate".
15 April 2008
$30-50bn loss to halt property cat reinsurance softening: Aon
At current pricing levels, it would take a $30-50bn ground-up property loss to reverse the slide in property cat reinsurance rates, according to Aon Re Global.
15 April 2008
Market responds to corporate manslaughter Act
The introduction of new laws in the UK covering corporate manslaughter has prompted one insurer to revamp its existing offering.
14 April 2008
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