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Cooney returns with Aon Capital Markets role
Aon Corp has hired the former Max Re chief executive Bob Cooney as managing director of its Capital Markets division, the unit which provides structured finance and capital markets products to the (re)insurance industry.
04 February 2008
AXIS US admitted lines launch assigned A rating
AXIS Capital's newly launched US admitted property and casualty (P&C) insurer has been rated A by Standard & Poor's (S&P).
04 February 2008
Target price downgrade for Axa despite strong earnings
Despite strong results, Axa SA has received a target price downgrade from Collins Stewart analyst Tim Young after concerns about continuing dollar weakness, asset market turmoil and the possible acquisition of Friends Provident.
04 February 2008
Supreme Court rulings to boost insurers' defence against sub-prime litigation
Two recent decisions in the US Supreme Court will aid professional liability insurers defending themselves against claims and litigation stemming from the sub-prime mortgage crisis, according to Chubb Corp vice chairman John Dengan.
04 February 2008
D&O rates steady despite sub-prime, survey says
The sub-prime mortgage crisis has had little impact on availability, cost or policy conditions of directors' and officers' (D&O) and errors and omissions (E&O) policies, according to a survey of financial sector risk managers and CFOs.
04 February 2008
SocGen suit may hit D&O
The biggest fraud in investment banking history, at French bank Société Générale, may still result in a loss for the bank's insurers, as employee shareholders filed a lawsuit against unnamed directors at the firm.
04 February 2008
Willis MMC merger talk hushed by Duperreault appointment
The arrival of Brian Duperreault at the helm of Marsh & McLennan Cos (MMC) has been welcomed by the investor community - and reduced the likelihood of an imminent takeover bid by Willis Group Holdings, according to analysts.
04 February 2008
Rating agencies hint at gloomy 2008; is capital about to become scarce once again?
Rating agencies - those all-powerful arbiters of insurers' destinies - are getting restless and it is not just the monoliners who are in their sights.
04 February 2008
St Paul UK rebrands as Travelers
St Paul Travelers' UK operations are following the lead of its US parent company and rebranding as Travelers.
04 February 2008
R&Q releases £11mn from legacy London market reinsurer
Recently listed legacy specialist Randall & Quilter Investment Holdings plc (R&Q) is to release £11mn in capital from its Chevanstell Ltd unit.
04 February 2008
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