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Converium agrees collateral reduction on its letter of credit facility
Converium announced last week (3 October) it has agreed a collateral reduction on its letter of credit facility.
09 October 2006
Industry reveals extent of Lehman exposures
The global (re)insurance industry has been counting the cost and revealing its total exposure to failed US investment bank Lehman Brothers, which filed for bankruptcy protection on 15 September.
22 September 2008
FSA hints at get tough approach to PSAs
The UK regulator Financial Services Authority has hinted that it may take a more robust approach over broker commissions in the light of Eliot Spitzer’s allegations against Marsh last week.
18 October 2004
R&SA shows underlying strength, but US doubts linger
Royal & Sun Alliance (R&SA) released analyst beating interim results last Thursday (11 November) as its ongoing operations continue to prosper.
15 November 2004
Aon launches global placement tool
Broker Aon Global UK has launched a compliance tool for buyers of global (re)insurance programmes.
09 June 2008
Key quartet quit Heritage
Heritage Underwriting Agency plc - bought by Argonaut Group International Holdings earlier this year - has been hit by the sudden departure of a group of senior executives led by Nick Jones, who heads up its...
07 July 2008
Groupama chairman resigns for 'personal reasons'
The chairman of the French mutual insurer Groupama resigned last week. Jean Baligand, who had been chairman of the insurer’s mutual board since 1996, resigned “due to personal reasons”.
23 August 2004
Marsh hit by more job cuts
Broker Marsh looks set to announce more job redundancies as the result of an ongoing cost-cutting programme.
21 February 2005
Schwarzmann takes $1bn Lehman role
Last month The Insurance Insider predicted PwC partner Dan Schwarzmann’s time was likely to become more scarce following his elevation to head the firm’s Business Recovery Service Practice, just as the Western economies teeter...
07 October 2008
Scottish Lion sold after Bear collapse
Uncertainty over Bear Stearns' proposed acquisitions of Scottish Lion and its subsidiary Scottish Eagle has been resolved with the run-off insurers' sale to...
30 May 2008
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