Commercial
AIG CEO: we can see the finish line after $3bn credit agreement
AIG has confirmed that it has entered into 364-day and 3-year bank credit facilities totaling $3bn (£1.94bn)split evenly between the two.
High Court of Justice sanctions business transfer
The High Court of Justice has sanctioned the transfer of insurance and reinsurance business from Aviation & General Insurance Company, a subsidiary of Ruxley Ventures, to Tenecom, a member of the Berkshire Hathaway group of companies.
High Court of Justice sanctions business transfer
The High Court of Justice has sanctioned the transfer of insurance and reinsurance business from Aviation & General Insurance Company, a subsidiary of Ruxley Ventures, to Tenecom, a member of the Berkshire Hathaway group of companies.
Flagstone Re and RMS in $210m placing
Flagstone Reassurance Suisse SA and Risk Management Solutions have confirmed the successful placement of $210m of multi-peril Montana Re 2010-1 Notes, the second offering sponsored through the Montana Re shelf program.
Flagstone Re and RMS in $210m placing
Flagstone Reassurance Suisse SA and Risk Management Solutions have confirmed the successful placement of $210m of multi-peril Montana Re 2010-1 Notes, the second offering sponsored through the Montana Re shelf program.
S&P predicts Russian insurer will diversify in PL
Standard & Poor's has assigned its 'BB-' long-term counterparty credit and insurer financial strength ratings to Russia-based Energogarant JSIC.
S&P predicts Russian insurer will diversify in PL
Standard & Poor's has assigned its 'BB-' long-term counterparty credit and insurer financial strength ratings to Russia-based Energogarant JSIC.
Munich Re begins to spend €2.5bn energy investment pot
Munich Re, via its asset manager MEAG, has concluded a significant investment deal involving wind power plants in Germany.
Munich Re begins to spend €2.5bn energy investment pot
Munich Re, via its asset manager MEAG, has concluded a significant investment deal involving wind power plants in Germany.
AIG fined for misreporting $2.12bn of workers comp premium
AIG and its workers compensation insurance affiliates have agreed to pay $100m (£65m) in fines to insurance regulators in all 50 states and the District of Columbia for alleged premium under-reporting, acting Pennsylvania Insurance Commissioner Robert L…
Fitch has negative outlook for Russian insurer
Fitch has affirmed OJSC Rossiya Insurance Company's Insurer Financial Strength (IFS) rating at 'B-' and national IFS ratings at 'BB-(rus)' and removed the ratings from rating watch negative. The outlook for both ratings is negative.
Fitch has negative outlook for Russian insurer
Fitch has affirmed OJSC Rossiya Insurance Company's Insurer Financial Strength (IFS) rating at 'B-' and national IFS ratings at 'BB-(rus)' and removed the ratings from rating watch negative. The outlook for both ratings is negative.
Ceiops warns of challenging times for underwriters if low yields continue
The Ceiops second bi-annual 2010 financial stability report has found that most insurers have solvency margins that allow for additional shock absorption capacity.
Ceiops warns of challenging times for underwriters if low yields continue
The Ceiops second bi-annual 2010 financial stability report has found that most insurers have solvency margins that allow for additional shock absorption capacity.
Santa's insurance bill reduced by £5m over two years claims broker Aon
Santa may be dusting off the sleigh, making sure the reindeer are in tip-top shape and asking his elves to put in overtime to finish off all the presents to make sure every child across the globe gets a present.
XL issues roof collapse warning
Insurer XL has warned businesses to reconsider their adverse weather risk management plans as snow continues to wreak havoc across the UK.
Tawa swoops for Oslo Re UK run-off business
Tawa has entered into a share purchase agreement to acquire 100% of the issued shares of Oslo Reinsurance Company (UK) from Oslo Reinsurance Company AS for a consideration of £4m.
Tawa swoops for Oslo Re UK run-off business
Tawa has entered into a share purchase agreement to acquire 100% of the issued shares of Oslo Reinsurance Company (UK) from Oslo Reinsurance Company AS for a consideration of £4m.
Giles CEO hails "industry leading margin" as earnings fall 13%
The Giles Group has reported that its turnover and EBITDA (excluding non recurring items) both decreased for the year ended 31 August 2010.
Brit appoints PI underwriter
Brit Insurance has named Mark Figes as class underwriter for its international professional indemnity division.
Catlin the latest insurer to up NZ quake loss estimate
Catlin has today announced an estimate of the financial impact of the 4 September 2010 New Zealand earthquake.
One in three businesses unsure of extent of cover
Some 34% of businesses are unclear if their insurance would cover every eventuality should they need to make a claim, research from Allianz has revealed.
Canopius appoints property underwriter
Canopius Group has appointed Andrew Ealey as property treaty underwriter.
Guy Carpenter and Willis join forces with Aon for oil liability consortium
Guy Carpenter and Willis Re are working alongside Aon Benfield as placement advisors to a new sudden oil spill consortium, which aims to deliver larger liability limit coverage for deepwater drilling in US waters.