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AIRROC growth highlights run-off acceptance in US
The Association of Insurance and Reinsurance Run-Off Companies’ (AIRROC) third annual Rendez-Vous began today (15 October) in New Jersey with a record number of delegates in attendance.
15 October 2007
MMC sells Kroll in $1.1bn cut price deal with former CEO
Marsh & McLennan Companies (MMC) has agreed to sell its underperforming corporate investigations arm Kroll Inc in a heavily discounted $1.13bn all cash deal to Altegrity - the firm run by its former CEO Mike Cherkasky.
07 June 2010
S&P: Upgrades likely if European insurers sustain performance
If the European insurance sector can sustain healthy balance sheets and profitability, upgrades are likely in 2006, said rating agency Standard & Poor's (S&P) in its latest report card on the industry released today (18 April).
18 April 2006
AIG stock plummets to below $9; Buffett now in rescue talks
American International Group's (AIG) share price has fallen a further 30 percent in pre-market trading to below $9 this morning as investors digested the collapse of Lehman Brothers this weekend amid fears that the Federal Reserve may be reluctant to step
15 September 2008
CHI cat futures storm into 2009
The Chicago Mercantile Exchange (CME) has traded $30mn notional limit of its CHI hurricane cat futures in the first weeks of 2009, as reinsurance broker Carvill withdraws from the initiative which it founded in 2007.
04 February 2009
Chaucer latest Lloyd’s insurer to suffer from weak dollar
UK-listed Chaucer Holdings plc became the latest Lloyd’s insurer to announce a decline in profits due to the weak dollar when it released its interim results today (11 September).
11 September 2006
Industry counts rising cost of floods
Loss estimates continue to flow in as the (re)insurance industry feels the impact of UK floods that could cost carriers in excess of £3bn.
30 July 2007
Names resist Munich Re buyout overtures
The Lloyd's Names on Munich Re-backed Syndicate 318 have resoundingly rejected the reinsurer's offer to buy up 100 percent of capacity for the 2012 year of account.
04 August 2011
Independent trial draws to a close
The trial of three former Independent Insurance executives is drawing to a close in London with the jury expected to start considering its verdict by 21 October, according to the Serious Fraud Office (SFO).
04 October 2007
Platinum scales back cat aggregates
Bermudian reinsurer Platinum Underwriters posted solid 2008 results last week, which saw it navigate the dual trials of Hurricane Ike and the second half investment meltdown relatively unscathed.
23 February 2009
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