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Market awaits news on Converium renewals
Later this week, the reinsurance industry will finally discover the impact last year’s reserving woes have had on Converium’s business.
14 February 2005
Gen Re's Houldsworth spared prison over finite re scandal
John Houldsworth, a former CEO of a General Reinsurance (Gen Re) subsidiary, was handed down two years' probation but was spared a custodial sentence for his role in a $500mn scheme to mislead investors about AIG's financial health.
18 June 2009
Zurich shares dip after missing consensus
Zurich Insurance Group's shares have come under selling pressure this morning after third quarter profits fell short of analysts' expectations.
15 November 2012
Sirius - bright prospects clouded
Unlike many of its peers, Sirius’ woes are not of its own making. Instead the Scandinavian insurer has been downgraded because of the sins of its parent, the struggling power and automation technology giant, ABB Group.
01 January 2003
Hidden Commissions
Isn't it about time there was greater transparency in paying overriders to brokers? Should clients be concerned that their broker receives millions of dollars in hidden kickbacks from insurers for bringing business to them, in addition to the upfront c
01 October 2004
Consolidation still on the agenda
Perhaps it’s a sign of the impending silly season, but talk is reverting to consolidation. Even the hard-pressed Lloyd’s vehicles are showing signs of life in the wake of QBE’s Limit purchase...
01 August 2000
Price Forbes to launch in Bermuda
Independent UK broker Price Forbes & Partners is planning to launch in Bermuda in the second quarter of this year.
23 April 2008
Montreal Convention called into question by aviation liability ruling
A UK judge's ruling on the preliminary issues in a passenger aviation claim could have far-reaching ramifications for insurers, after it was decided that the Montreal Convention may not provide an exclusive remedy in awarding compensation for air disaster victims.
26 April 2010
Mission liquidation yields additional $121mn
The liquidated estate of US workers' compensation insurers Mission Insurance Companies yielded a further $121mn for policyholders, bringing the total amount distributed to approximately $1.5bn.
13 January 2009
Byrne cashes out $24mn share in Flagstone Re
Flagstone Re founder Mark Byrne, who stepped down as executive chairman of the Bermudian earlier this week, will receive a $2.2mn cash "goodbye" and has already cashed in $24mn worth of his original investment in the (re)insurer.
27 May 2010
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