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There are 68,938 results that match your search.68,938 results
  • AIG sues Greenberg and Smith for $1bn
    Giant US insurer American International Group (AIG) filed a $1bn lawsuit against its former CEO Maurice “Hank” Greenberg and ex-CFO Howard Smith last week.
    18 June 2007
  • TRIA hearing due this week
    The US Congress is due to discuss an extension to the federal Terrorism Risk Insurance Act (TRIA) that is scheduled to expire at the end of the year.
    18 June 2007
  • TAWA redundancies latest changes in UK run-off sector
    UK run-off management company Tawa announced a round of redundancies within its 90 staff in London last week, fuelling sentiment that the discontinued business sector is heading towards greater consolidation and streamlining of its resources.
    18 June 2007
  • Glacier issues $75mn wind and quake bond
    Swiss reinsurer Glacier Re joined the list of carriers accessing the capital markets with a $75mn offering under a shelf programme providing it with retrocession cover from windstorm and earthquakes.
    18 June 2007
  • Lancashire contingent capital deal likely to usher in new wave
    “Class of 2005” insurer Lancashire Holdings Ltd is likely to be the first of a number of insurers structuring contingent capital deals after it co-operated with investment bank JP Morgan to launch a financing deal last week that would allow it to tap the
    18 June 2007
  • Aspen Re chooses Zurich for European hub
    Aspen Re, a subsidiary of UK (re)insurer Aspen Insurance Holdings Ltd, has announced plans to open a major office in Zurich, to act as the hub for Aspen’s European reinsurance activity.
    18 June 2007
  • State Farm to launch giant cat bond
    US insurer State Farm is set to place a giant $4bn cat programme, consisting of both bonds and loans, to provide retrocessional protection for one of its subsidiaries. The company has formed a special purpose vehicle, called Merna Re, which will provide
    18 June 2007
  • Allstate launches $2bn Willow Re programme
    A flurry of (re)insurance activity in the capital markets last week ended with US giant Allstate Insurance launching a $2bn shelf catastrophe programme through a Cayman Island-based special purpose reinsurer Willow Re.
    18 June 2007
  • Aspen follows G6 with peer-to-peer trading
    Aspen Re has become the first reinsurer to follow in the footsteps of the G6 with the launch of a live peer-to-peer electronic trading platform.
    18 June 2007
  • Fortress says Alea bid is now unconditional
    New York based hedge fund Fortress Investment Group said last week its offer to buy defunct run-off insurer Alea Group Holdings Ltd had gone unconditional after receiving irrevocable undertakings from 61 percent of shareholders.
    18 June 2007
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