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Hannover reports strong renewals
German reinsurance giant Hannover Re has hailed the 1 January renewals a success, despite falling rates.
11 February 2008
SEC targets hedge funds for investigation
The US Securities and Exchange Commission (SEC) plans to turn its sights to the hedge fund community as a target for future investigations into business practices, a spokesman said last week.
11 February 2008
Reserve releases boost Bermudians
Sustained profit performance bolstered by prior-year reserve releases emerged as a common theme among Bermudians reporting fourth quarter and full year 2007 results.
11 February 2008
International News Digest
DE Shaw-backed $250mn start-up gets A- rating; AM Best affirms New Castle Re; Banks consider bond insurer bailout; SCOR free of monoliner exposure...
11 February 2008
London News Digest
ECF figures improve after re-audit; P&I reinsurance structure static, but costs rise; Lloyd's capacity static for 2008; THB finalises PWS deal...
11 February 2008
Alea chief outlines run-off strategy at Lloyd's
Despite what some believe is over-capacity in the sector, Alea chief Mark Cloutier is confident that by setting up the latest reinsurance-to-close (RITC) syndicate at Lloyd's...
11 February 2008
Swiss Re launches $85mn cat bond
Swiss Re has closed its $85mn GlobeCat transaction, providing one year of cover for Central American earthquake and six years for Californian earthquake and US windstorm.
11 February 2008
Sub-prime 'poetic justice' for investment banks, says Buffett
Warren Buffett has accused major investment banks of being the architect of their own downfalls through the collapse in the US sub-prime mortgage market.
11 February 2008
European reinsurers report strong renewals
European reinsurers Munich Re and Hannover Re both declared 1 January renewals a success, despite falling rates.
11 February 2008
AJ Gallagher shares buoyed by imminent reinsurance sale
AJ Gallagher & Co's (AJG) confirmation last month that it was putting loss making reinsurance broker Gallagher Re up for sale has been welcomed by analysts.
11 February 2008
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