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  • German reinsurer Hannover Re is set to book around EUR100mn profit in the third quarter after winning a legal dispute over the taxation of income generated by subsidiaries.
  • Platinum Underwriters more than offset a $28.5mn hit from the earthquake in New Zealand with third-quarter reserve releases, but booked a 14 percent year-on-year drop in net income for the period to $93.7mn on sharply falling premiums.
  • The recent round of renewals saw little change in market conditions as the reinsurance market generally upheld underwriting discipline, according to a report released today (19 January) by broker Benfield.
  • An 11-strong group of reinsurers that includes Lloyd's of London and eight of the top ten global reinsurance groups used last week's Monte Carlo Rendez-Vous to launch a worldwide body to represent the industry with a unified voice.
  • Federal prosecutors are readying a grand jury to consider whether to indict American International Group (AIG)’s former head of Financial Products (AIGFP) Joseph Cassano, according to the Wall Street Journal.
  • US giant American International Group (AIG) continued the capital management theme as it reported a rise in its 2007 net income and announced an $8bn share buyback scheme.
  • Jan-Oliver Thofern, the recently appointed head of Aon Re Germany, will lead the reinsurance broker's combined German operations once Aon Corp’s acquisition of Benfield Group is completed later this year.
  • Jan-Oliver Thofern, the recently appointed head of Aon Re Germany, will lead the reinsurance broker's combined German operations once Aon Corp's acquisition of Benfield Group is completed later this year.
  • Russian insurance, investment and leasing group Oslo Marine Group Ltd (OMG) has established a London representative office headed by ex-Novae and CLM Insurance Fund plc executive, Keith Parker.
  • Benfield’s head of aerospace reinsurance, Stephen May, is set to leave the group only weeks after it was announced the company would be the co-broker on an innovative $250mn space consortium. According to the broker, May will leave the company...