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Chinese insurer buys stake in Fortis
Ping An Insurance, China's second largest life insurer, has bought 4.18 percent of Benelux financial services group Fortis, at a cost of EUR1.81bn.
29 November 2007
Groupama poised to launch Euro cat bond
Groupama SA is expected to be the next European insurer to launch a cat bond with its proposed securitisation of EUR200mn of French windstorm risk.
28 November 2007
Catlin takes $75mn hit on sub-prime investments
Catlin Group Ltd expects to take a $75mn charge against the value of sub-prime-related securities in its investment portfolio, the (re)insurer revealed in a trading statement this morning (28 November).
28 November 2007
Towergate agrees £95mn deal for Broker Network
UK mega consolidator, Towergate Partnership has agreed a £95mn cash offer for Yorkshire-based Broker Network Group today (27 November).
27 November 2007
Ri3K streamlines prices
London-based electronic trading platform Ri3K is streamlining charges for its services in response to "market criticisms" over the firm's pricing structure.
26 November 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.
26 November 2007
JLT share bounces back after buyback news
Jardine Lloyd Thompson (JLT) saw its share price climb almost ten percent in the last week following the firm's announcement of a share buyback programme.
26 November 2007
Endurance AM Best rating returns to pre-Katrina level
Endurance Specialty Insurance Ltd was upgraded to A by AM Best last week, returning the Bermudian (re)insurer's ratings to their pre-Katrina level.
26 November 2007
Industry can dodge credit crunch but not a recession
Non-life insurers should escape the global credit crunch but not contagion from a possible economic stagnation or recession, according to research from Morgan Stanley.
26 November 2007
SCOR launches EUR160mn Atlas IV cat bond
French reinsurer SCOR SA will add to its Atlas suite of cat bonds with the EUR160mn Atlas IV bond, which is due to close on 27 November.
26 November 2007
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