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AIG Life company receives Qatar license
American International Group's (AIG) life insurer, AIG Life, was granted a license to conduct its group insurance operations from the Qatar Financial Centre (QFC).
30 April 2007
AXA pays premium to build UK distribution
The rising price for distribution channels was demonstrated with AXA’s recent acquisition of UK consolidator Smart & Cook Group Ltd.
30 April 2007
QBE raises $550mn to finance US acquisitions
Australian insurer QBE Insurance Group has confirmed a privately placed $550mn offering of hybrid notes to institutional investors.
30 April 2007
Aspen buys $1bn in securitised cat cover
Bermudian reinsurer Aspen Insurance Holdings Ltd returned to the capital markets with two securitisation deals last week that will provide it with over $1bn in hurricane and earthquake cover.
30 April 2007
RMS launches wind index
Cat modelling specialist Risk Management Solutions (RMS) has launched a new parametric index which it says will help draw more emerging capital markets players into the catastrophe risk arena.
30 April 2007
Willis exceeds forecasts despite declining rates
It could prove to be a tough year for brokers but Willis Group Holdings Ltd showed last week that it was still able to grow revenues and profits despite falling rates.
30 April 2007
Reinsurers win key "follow the settlement" dispute
A UK High Court has delivered a landmark decision favouring reinsurers in a dispute concerning "follow the settlement" clauses.
30 April 2007
Martello launched as Gibraltar PCC insurer
Martello Insurance PCC Limited, a protected cell company, has been launched in Gibraltar aiming to provide the "benefits and advantages of captive insurance, but at a lower cost".
30 April 2007
Lloyd’s parts company with senior exec
Steven Haasz - an influential figure in driving market reform at Lloyd's - resigned from the Corporation last week only days after the Society was upgraded to A+ by Standard & Poor's citing "unstoppable momentum behind improving London market business pro
30 April 2007
Profits strong, top line weakening as Bermudians post Q1s
Early reporting Bermudians delivered strong first quarter earnings last week but weaker top line figures as signs of premium growth slowdown in a softening market began to show.
30 April 2007
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