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Banks consider bond insurer bailout
Connecticut attorney general Richard Blumenthal has subpoenaed bond insurers as part of a probe into the fallout from the US sub-prime mortgage crisis.
04 February 2008
AJ Gallagher shares buoyed by imminent reinsurance sale
Shares in AJ Gallagher & Co traded up last week after the company revealed it was divesting its reinsurance unit.
04 February 2008
Brown & Brown to launch London Market arm
One of the largest providers of business to independent wholesale London market brokers is poised to launch an EC3 operation called Decus Insurance Brokers Ltd.
04 February 2008
Towers Perrin strengthens reinsurance operations
Towers Perrin has strengthened its reinsurance team with three key appointments in Bermuda and France.
04 February 2008
Reserve releases drive Chubb earnings
Despite weaker market conditions, US insurer Chubb Corp saw its 2007 earnings grow on the back of strong reserve releases.
04 February 2008
AIG settles Spitzer related lawsuits
American International Group (AIG) settled lawsuits by nine states and the District of Columbia for $12.5mn last week that sprang from the former New York attorney general Eliot Spitzer's investigations...
04 February 2008
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
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