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  • 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)...
  • 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.
  • Swiss Re’s newly formed Luxembourg hub has received an AA- rating by Standard & Poor’s.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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
  • 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.