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AIG and AXA linked as Pru board rebuffs Aviva
Insurance giants AIG and AXA have been linked with counter-bids for UK insurer Prudential plc following the takeover move by compatriot Aviva plc last Thursday (16 March) night. In a statement to the London Stock Exchange this morning (20 March)...
20 March 2006
Groupama downgraded by S&P after missing coupon payment
Standard & Poor's (S&P) has downgraded French mutual insurer Groupama after it announced that it would not pay its next coupon on some of its junior subordinated debt.
09 October 2012
Swiss Re Europe receives AA-
Swiss Re’s newly formed Luxembourg hub has received an AA- rating by Standard & Poor’s.
10 September 2007
Manila flooding unlikely to be insurance event
Last week's flooding in the Philippines capital Manila and surrounding provinces is understood to have caused little in the way of insured losses, according to RMS.
13 August 2012
Haiti CCRIF payout will be $7.7mn
The Haitian government will receive a $7.7mn payout from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) after a magnitude 7.0 earthquake devastated the country.
19 January 2010
Another ILS fund in pipeline…
Broking giant Aon Corp is marketing a dedicated insurance linked securities (ILS) fund, following Amlin and Benfield into the $8-10bn ILS fund management sector, our sister publication Trading Risk revealed.
07 July 2008
Distribution deal forms part of HSBC Marsh UK sale terms
Marsh will enter into a long-term strategic distribution deal with HSBC as part of its agreement to buy the banking giant's insurance broking arm.
09 December 2009
JLT receives China approval
UK-listed Jardine Lloyd Thompson Group plc (JLT) announced on 18 May that it has become the latest Western broker to receive approval from regulators for a Chinese (re)insurance broking operation.
22 May 2006
Scale of allegations stuns industry
As predicted by Insider Week two weeks ago (see Insider Week No.142), the campaigning New York attorney-general Eliot Spitzer is suing Marsh over its long-established practice of charging insurers commissions in return for placing business with
18 October 2004
Swiss Re quota share still begs questions
Swiss Re's 20 percent, five-year P&C quota share reinsurance deal with Berkshire Hathaway continues to intrigue, despite the Zurich-headquartered reinsurer providing greater detail with its 2007 results last month.
10 March 2008
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