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Swiss Re shares fall after loss announcement
Swiss Re's shares lost 20 percent of their value in just four weeks following the firm’s shock SFr1.2bn ($1.1bn) mark-to-market loss from credit default swap exposures.
06 December 2007
Lloyd's to start 2008 with over £15bn capacity
Capacity moderately down as start-ups offset de-emptions
06 December 2007
Marsh drives 'enhanced commissions' in US
In addition to recent brokerage increases by its UK and European operations, Marsh is in discussions with carriers to introduce "enhanced commissions" in its US middle market and small commercial business.
06 December 2007
MGAs grow in popularity
Additional commissions are only one of a number of new initiatives being imposed by brokers as they seek to protect their revenues in the current soft market conditions.
06 December 2007
Insider Comment - Dan who?
The Insurance Insider believes Marsh has made an excellent capture with its new chief executive, Dan Glaser
06 December 2007
Marsh UK considers landmark outsourcing deal
Marsh UK is mulling a major overhaul of its embedded legacy burden with the outsourcing of its entire back office, The Insurance Insider can reveal.
06 December 2007
Arch PA team sues Danish Re
Members of a personal accident (PA) team dismissed by Imagine Group's Danish Re after handing in their notice are suing the reinsurer for unfair dismissal.
06 December 2007
AIG executives sued by shareholders over sub-prime
American International Group (AIG) executives including CEO Martin Sullivan and CFO Steven Bensinger have been named in a suit filed by shareholders over the firm’s handling of its exposure to the sub-prime crisis.
06 December 2007
Insurer credit spreads spike on security fears
Credit default swap (CDS) spreads for European insurance companies have again leapt, reflecting renewed sub-prime fears over insurance security.
06 December 2007
If this is 'incubation', market on track for a monster birth
Analysts and commentators are becoming more confident in offering predictions on the estimated level of sub-prime related losses in financial markets and (re)insurance markets alike, with most agreeing that the worst news has yet to emerge.
06 December 2007
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