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Sub-prime fallout hits issuers, but insurers escape direct hit
Rating agencies and other analysts have provided welcome reassurance over (re)insurers' direct exposure to the ongoing sub-prime turmoil.
07 September 2007
AIG to create UK insurance giant
Who is the world's largest insurer - both in terms of market value and income - without a UK commercial insurance company?
07 September 2007
Canopius emphasises caution with $250mn Bermuda launch
The timing of Canopius Group Ltd's launch of a $250mn, class 3 Bermudian reinsurer, Canopius Bermuda Ltd, has raised eyebrows when rates are peddling downwards.
07 September 2007
Marsh in push for extra revenues
Less than a year after Spitzer's departure, brokers are looking for additional revenues. But who will actually be paying?
07 September 2007
Temple appeals QBE ruling
Underwriting agency Temple Legal Protection has appealed to the High Court after QBE Europe was given the right to manage its book of after-the-event insurance.
07 September 2007
ILS market should weather sub-prime storm
Despite fears that the insurance-linked securities (ILS) train could be de-railed by the recent turmoil in the financial markets, investor interest is expected to grow over the next 12-18 months...
07 September 2007
Countrywide sub-prime lawsuit may lead to D&O claim for ACE
Fears that the sub-prime debacle may impact the insurance industry are beginning to materialise as a lawsuit brought against US mortgage bank, Countrywide Financial may turn into a directors’ and officers’ (D&O) claim...
07 September 2007
Lehman Bros to launch new ILS venture
Banks may begin to warehouse (re)insurance risk as securitisation momentum continues
07 September 2007
Premium up but profit down as Catlin absorbs merger costs
Bermuda-based (re)insurer Catlin Group reported 29 percent first-half premium growth following its acquisition of Wellington Underwriting, but profits fell as a result of the deal's expenses.
06 September 2007
Benfield profits down despite Corporate Risk growth
Although revenue growth impressed at Benfield Group Ltd’s Corporate Risk business (BCR), shares in the broker fell as the John Lapsley-headed division reported a trading loss of £4.6mn for the first half of 2007.
06 September 2007
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