News
Hannover Re rates boost
Hannover Re gave a much-needed boost to the the (re)insurance industry when it said that it expected...
Berkshire Hathaway profits sink
Berkshire Hathaway's insurance operations saw underwriting profits sink. The insurance operation, w...
Guy Carpenter acquires Collins
Guy Carpenter has agreed to acquire John B Collins Associates (Collins), a privately-held company th...
AIG loses $61.7bn in fourth quarter
AIG revealed that it had lost $61.7bn in the fourth quarter of 2008 and more than $99bn for the whol...
Perfect partners
Where will the (re)insurance sector turn to next for capital? Paul Lumbis covers the recent developments in the capital markets and explains why private equity will continue to be an important ally for the industry
Mad month for Swiss Re
Reinsurance giant Swiss Re saw its ratings downgraded by all three major ratings agencies after it r...
MAX and IPC to merge
Bermudian (re)insurers IPC Holdings and Max Capital said they are to merge in the first big deal of ...
Lloyd's insurers' rights issues push
Catlin, Beazley and Hardy Underwriting moved to raise millions of pounds worth of funds last month t...
Swiss Re downgraded by AM Best
Troubled Swiss reinsurance giant Swiss Re has been downgraded by ratings agency AM Best.
BGL group appoints director to lead new acquisitions team
The BGL Group has appointed a director to lead a new team within the business, to focus on potential market acquisitions.
Admiral expects increase in pre-tax profits
Admiral Group is expected to report an increase in pre-tax profits to between £193m and £202.5m for 2008.
Hartford downgraded by S&P
Standard & Poor's has lowered its counterparty credit rating on troubled US insurer Hartford Financial Services Group.
Gen Re in $72m settlement with Ohio Attorney General
General Reinsurance Corporation (Gen Re) has agreed to pay $72 million to settle investors' claims as part of the state of Ohio's securities litigation against insurance giant AIG.
HBoS and Lloyds TSB increase insurance profits
Halifax Bank of Scotland's general insurance profits increased to £365m compared to £232m the previous year, although the business as a whole made a £10.8bn loss.
Takaful institutions feeling 'less disruption' from global financial crisis - S&P
Gulf Islamic financial institutions (IFIs) and takaful companies are feeling the repercussions of the current global financial market disruption less than most of their conventional counterparts because Sharia law prohibits interest-based financial…
Hiscox makes management changes
Hiscox has said that Charles Dupplin, currently chairman of Hiscox's art and private client division and director of mergers and acquisitions, will succeed Rob Childs as chief executive of Hiscox Bermuda. Charles will take up this new role in April 2009,…
Helphire reports £59.3m loss
Helphire has reported a pre-tax loss of £59.3m (2007: £19.4m profit) for the six months ended 31 December 2008.
Hardy in £40.3m rights issue
Hardy is to raise £40.3m through a placing and open offer.
Hardy in £40.3m share placing
Hardy, the Lloyd's (re)insurer became the latest of its Lloyd's companies to raise money when it unveiled a £40.3m share placing on Friday.
AIG in "controlled break-up", says report
AIG is considering a break-up in an effort to keep it insured, according to a report in the Financial Times.
AIG strongly considering life insurance spin-off
AIG, the US insurer, is talking to staff about plans to spin off some of its life units if is not able to sell them, Reinsurance has learned.
AIG considering break-up - FT
AIG, the stricken US insurer, is considering a break-up in an effort to keep it insured, the Financial Times has reported .
Reinsurers wresting back initiative in 2009, says Cooper Gay
Reinsurers have begun 2009 determined to wrest back the initiative from a period of softening rates and savagely declining investment returns, according to (re)insurance broker Cooper Gay.
Lloyd’s opens Polish office
Lloyd's has opened its representative office in Poland, after securing a licence to write business last year.