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  • Former RenaissanceRe Holdings Ltd executive Michael Cash has agreed to settle civil charges filed by the Securities and Exchange Commission (SEC) by paying a $130,000 fine and receiving a five-year ban...
  • Recently floated Bermudian (re)insurer Alea released a buoyant trading statement today (19 January 2004), highlighting strong renewals and good prospects for the year ahead.
  • American International Group’s (AIG) challenge of retaining its key management may have got tougher today (22 October) after the Obama administration’s pay tsar Kenneth Feinberg imposed brutal cuts on the salaries of its most senior executives.
  • European giants Swiss Re and Munich Re outstripped analysts' earnings forecasts for the third quarter, with both companies on course to surpass expectations for full-year profits.
  • Michael Segal, the founder of Chicago-headquartered independent insurance broker Near North, was sentenced to ten years in prison for purloining money from his firm. Segal, who was convicted in June 2004 of 26 counts of racketeering, fraud, and...
  • The California Earthquake Authority (CEA) has issued two tranches of catastrophe bonds, collateralising high-end property losses from personal and commercial lines in California.
  • German insurer Allianz AG announced a strong Q2 group profit last week after being boosted by a much-improved performance from its troubled banking arm.
  • Guy Carpenter has appointed Nick Frankland as its new head of Europe following the departure of the long-serving Geoff Bromley earlier this year.
  • Swiss Re, which reports its third quarter figures tomorrow (6 November) is expected to generate net attributable earnings of SFr1.01bn and pre-tax profits of SFr1.35bn - down from SFr1.55bn and SFr2.07bn respectively in the prior-year period...
  • Global insurer pleased with restructured London operations but Lloyd’s presence likely to diminish further.