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QBE shares slump as results miss targets
Shares in Australian (re)insurer QBE Group slumped after the company missed analyst profit estimates for 2007.
03 March 2008
AIG rescues $2.5bn SIV
American International Group became the latest financial institution to bail-out a structured investment vehicle (SIV) when it came to the rescue of its $2.5bn vehicle, Nightingale Finance.
28 January 2008
Gen Re to pay finite forfeiture
US reinsurer General Re is to pay the US government the $5mn fee it received for a sham finite reinsurance contract with American International Group, according to reports.
07 April 2008
CIGNA takes further $300mn on VADBE exposures - Reinsurance legacy continues to haunt…
CIGNA’s inability to hedge its exposures to variable annuity death benefit contracts (VADBEs) have cost the embattled US health insurer a further $300mn.
21 July 2003
Hiscox waits on approval for Panther Re start-up
Listed insurer Hiscox is awaiting Lloyd’s approval for its planned Bermudian sidecar, which, Insider Week can reveal, will be called Panther Re.
23 October 2006
Arch acquires Ariel Re’s Zurich credit and surety business
Arch Re Europe - a subsidiary of Arch Capital - has acquired Ariel Re's orphaned credit and surety reinsurance business.
03 March 2012
Standard & Poor’s downgrades 10 syndicates, upgrades 2
Lowered LSAs reflect poor performance and pipeline losses In the second yearly review of its Lloyds Syndicates Assessments (LSAs), rating agency Standard & Poor's has lowered its assessments on 10 syndicates and raised two, reflecting on the “poor oper
01 September 2003
Canopius takeover proposal carried by Omega shareholders
After a torturous M&A process, Omega finally looks set to be sold to Canopius after over 90 percent of the votes cast on the relevant motion were in favour of the deal.
07 June 2012
Insider Publishing launches new title
Insider Publishing Ltd, the publisher of Insider Week and The Insurance Insider, has launched a new publication that focuses on the life insurance, investment and pension industries.
14 March 2005
Calls grow for US tort reform
Pressure for comprehensive legal reform in the US has grown with the American Bar Association (ABA) voting to back asbestos limit caps and the asbestos reform bill was introduced in the US Senate. This after President Bush called for changes to medical ma
01 February 2003
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