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  • Despite increased interest in D&O cover and the inclusion of executives’ personal assets in last year’s high profile Enron and WorldCom settlements, premium rates in the sector fell for the second consecutive year in 2005, according to...
  • Insurer’s refusal leads to default on up to $183mn of CSFB Flashpoint bonds, but will the tactic backfire? According to the industry quip, AIG's unofficial motto is “make a claim, and we'll sue you”; a cheap shot at the world's largest insurance compa
  • Malawi and Caribbean countries may be the next to access the World Bank's new ILS template for developing nations, after the $290mn MultiCat Mexico 2009 transaction closed.
  • Starr Aviation Agency, the managing agency ultimately controlled by former American International Group chief executive Maurice "Hank" Greenberg, has found a head aviation underwriter to spearhead the company's London market operations.
  • Bermudian (re)insurer Validus Holdings Ltd has increased the size of its pending initial public offering (IPO) to $350mn following its $382.2mn acquisition of Lloyd's based Talbot Underwriting Holdings.
  • Strong p/c performance could see Munich Re overtaken
  • French reinsurer Scor has issued EUR75mn of new shares as its contingent capital deal with investment bank UBS triggered on rising first-quarter catastrophe loss estimates
  • ExxonMobil could be facing a $1bn+ legal payout after a Maryland jury ordered the oil major to pay punitive damages to the victims of a gasoline spill in 2006
  • Hannover Re has announced today (3 February) the completion of a $370mn catastrophe bond deal providing it with extra capacity for underwriting catastrophe risks.
  • The proposed Schemes of Arrangement for the 14 WFUM Pools Scheme Companies was sanctioned by the UK High Court on 17 September.