News
Fitch to withdraw Swiss Re rating over disclosure issues
Fitch Ratings has withdrawn its ratings on Swiss Re and its subsidiaries.
Lloyd's insurer to seek listing on the LSE
Lloyd's insurer Lancashire has announced plans to list next year.
Edwards Angell Palmer & Dodge opens Hong Kong office
Law firm Edwards Angell Palmer & Dodge has opened a Hong Kong office by entering into an association with Hong Kong law firm Lister Swartz effective 1 October.
AM Best: AIG still under review with negative implications
All financial strength ratings, issuer credit ratings and debt ratings are unchanged and remain under review with negative implications for AIG and its subsidiaries, according to AM Best.
AM Best says AIG credit ratings unchanged
US ratings agency A.M. Best has said that all of AIG's financial strength ratings, issuer credit ratings and debt ratings are unchanged and remain under review with negative implications after the company outlined its future strategy on Friday.
Ace declares net after-tax Q3 losses
ACE Limited, the Switzerland-domiciled (re)insurer, said that announced today that estimated net after-tax losses in the third quarter for the Ace Group of Companies from catastrophes, including Hurricanes Gustav and Ike, will amount to approximately …
Liddy: There will be "no erosion" in AIG's pricing and underwriting to win business
AIG chief executive Edward Liddy has hit back at suggestions the insurer is pricing business cheaply to retain it given its recent difficulties.
Liddy admits AIG has slipped eight points on D&O
AIG chief executive Edward Liddy has outlined how the insurer is fighting to keep corporate customers so that it can "fight another day"
AIG's Liddy: we will favour 'brand name' buyers for assets
AIG chief executive Edward Liddy has told an investors conference that it will favour "brand names" in selling its businesses.
THB to fund further acquisitions with £7.5m investment
Broker THB has raised £7.5m through an agreement with investors to subscribe for 2 750 000 new ordinary shares at a price of 70p per share.
Trio quit Liberty Syndicates for Pembroke
Liberty Syndicates has lost a team of three headed by divisional underwriter Quentin Prebble, Reinsurance has learnt.
Harborpoint given UK licence
Harborpoint, the Bermuda-based (re)insurer, has been given its long-awaited UK licence, Reinsurance has learned.
AIG to retain P&C businesses
AIG has said that it plans to retain its US property and casualty and foreign general insurance businesses, and to retain a continuing ownership interest in its foreign life insurance operations.
Underwriting agency targets regions
Commercial insurance underwriting agency APC has launched the next phase of its development to expand its regional presence across England and into Northern Ireland and Wales, the company announced today.
AIG to sell US life insurance units - report
AIG, the stricken US insurer, is to sell its US life insurance business, according to press reports.
Aon Re Global makes appointment
Aon Re Global has appointed Jon Steed to its Aviation Consultancy and Reinsurance Services.
Expedia signs five-year insurance deal
Expedia, the online travel service, has expanded its exclusive deal with travel insurance and assistance specialist Mondial Assistance. The extended contract will see Mondial provide innovative travel insurance solutions in 13 countries across Europe,…
Ace appoints underwriter
Ace Global Markets has appointed Russell Burgess as an underwriting manager for its Accident and Health division, the company said.
CFC launches technology product
CFC Underwriting has launched an insurance policy that tailors all elements of cover for technology companies.
Compensation scheme to cover savers’ claims up to £50,000
The Financial Services Authority (FSA) has today increased the compensation limit for bank deposits from £35,000 up to a total of £50,000 for each customer's claim. This increase applies from Tuesday 7 October 2008.
THB gets reinsurance license in Brazil
Specialist broker THB Group today announced that the financial authorities in Brazil have formally authorised the application for its wholly owned subsidiary, PWS Brasil Corretora de Resseguros, to operate as a reinsurance broker in the Brazilian market.
Majority of risk managers considering AIG alternative says Advisen
Seventy-one per cent of risk managers will be considering an alternative to AIG at renewal, a report from US insurance research company Advisen has revealed.
Homeserve awards £4.5m contract
Homeserve has awarded a £4.5m telematics deal to Eagle-I Holdings.
Munich Re CEO says company may look at AIG assets
Munich Re chief executive Nikolaus Von Bomhard has said he expects to be approached by AIG about possibly buying some of its Asian operation.