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SCOR closes Atlas IV transaction
French reinsurer SCOR SA successfully closed its EUR160mn Atlas IV cat bond transaction, taking its tally of insurance linked securities deals to five.
03 December 2007
Willis acquires Ital Re
Willis Group Holdings announced today that it has agreed to acquire the Italian reinsurance broker Ital Re SpA, for an undisclosed sum.
27 October 2003
Insurers settle WTC claims, but disputes grind on
Seven insurers reached a $2bn settlement with World Trade Center (WTC) developer Larry Silverstein last week bringing to an end more than five years of litigation between the parties.
29 May 2007
Core reserves short by $30bn, says Moody’s
In a new report, ratings agency Moody’s has suggested that core reserves (i.e. reserves excluding asbestos and environmental liabilities) for the insurance industry may be short by as much as $30bn.
26 January 2004
White Mountains sees earnings fall
Earnings fell 11 percent at Bermudian (re)insurer White Mountains Insurance Group, to $103mn, as the group announced what chairman and CEO Ray Barrette described as "OK" second quarter results.
06 August 2007
RISK UK loses underwriting staff
Controversial Lloyd’s based MGA Risk UK has lost its senior underwriter Hugh Rivington less than a year after it was accused of conspiracy to defraud by its former backer, German reinsurer R+V Versicherung.
12 January 2004
SVB increases loss estimate by 50 percent
Embattled Lloyd's insurer SVB are the latest carrier to increase their loss estimates to the 11 September attacks.
01 December 2001
US P&C industry reserve short-fall improving
On the back of strong reserve building in recent years, the short-fall in US property & casualty reserves has declined to circa $80bn estimates industry analysts Morgan Stanley.
01 May 2004
WorldCom borker Marsh gets liability blues
Marsh, the world's largest insurance broker, has been sensationally dumped by Aetna on placing its own liability cover.
01 June 2002
Insurers settle WTC claims, but disputes grind on
Seven insurers have reached a $2bn settlement with World Trade Center developer Larry Silverstein bringing to an end more than five years of litigation between the parties.
24 May 2007
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