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Allianz frees itself from Dresdner Bank in EUR9.8bn deal
Allianz has finally shed its under-performing banking unit Dresdner Bank for up to EUR9.8bn to German banking group Commerzbank.
01 September 2008
Chaucer forecasts improve
Lloyd’s insurer Chaucer revealed improved syndicate forecasts for both the 2003 and 2004 years of account, together with positive progress on the current year of account, as it released a trading update last Thursday (18 August).
22 August 2005
Kiln boosts capacity
Lloyd’s insurer Kiln has announced increased capacity for 2005 and stable or improving forecasts for open years for all four of its managed syndicates.
29 November 2004
Xchanging acquires RebusIS at last
After months of speculation, Xchanging has finally acquired insurance IT provider RebusIS creating a combined group with revenues of $360mn and 1800 employees.
01 February 2004
South of England P&I Club loses liquidation battle
The South of England P&I protection and indemnity club has been put into liquidation after a bitter court battle with the Bermuda Monetary Authority (BMA) over its solvency and corporate governance.
24 November 2011
Swiss Re dealt S&P downgrade
Giant European reinsurer Swiss Re was today (28 July) downgraded by rating agency Standard & Poor’s (S&P), lowering its financial strength and long-term counterparty credit ratings from AA+ to AA. The outlook remains stable.
28 July 2003
NZ rates may triple, Standard & Poor’s predicts
Ratings agency Standard & Poor's (S&P) has predicted that New Zealand reinsurance pricing may more than triple at the July renewals after the Christchurch earthquake losses
24 June 2011
Senior Guy Carp exec quits to join Catlin
Guy Carpenter global Fac chief Mark Newman has resigned his post to head (re)insurer Catlin's Asia Pacific rim operations.
14 April 2008
Gerling under review: Hannover Re interested
Rating agency A.M. Best has placed the financial strength rating of A- (Excellent) of Gerling Global and its core subsidiaries under review with negative implications.
01 October 2002
Industry demands joined-up approach to regulation
Grahame Chilton, Benfield Group CEO, has made an impassioned plea for a more joined-up approach to international regulation as he said the current fragmented structures are generating greater costs and complexities...
25 March 2008
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