United States of America (USA)
Insurers and reinsurers to continue recovery in 2010
Insurers and reinsurers to continue recuperating from the problems of 2008, according to Swiss Re.
Total catastrophe losses fall in 2009
The total cost of natural catastrophes and man-made disasters in 2009 fell to $52bn from $267bn in the 2008, a survey from Swiss Re has shown.
AIG and Greenberg settle dispute
Insurer and former founder settle their feud in a multi-million dollar settlement.
AIG agrees to terms with CEO
AIG agrees to terms with its CEO Robert Benmosche.
One in four US mortgages 'underwater'
One in four US mortgages are in negative equity, a study by First American has shown.
QBE sued for bad faith claims handling
QBE is being sued for over $500m in Miami for bad faith claims handling practices
Swiss Re launches mortality bond covering H1N1
Swiss Re has entered into a transaction with VITA Capital IV to receive up to $75m of payments in the event of severe population mortality in US or the UK.
Marsh the broker for Pennsylvania nuclear radiation leak, sources
Marsh are the broker for the Three Mile Island nuclear plant where a radiation leak is currently being investigated according to sources.
Miller P&C specialist joins Howden
Mark Hutchinson appointed North Amercican director
S&P, Moody’s and Fitch in Ohio lawsuit
Ohio’s attorney general has filed a suit against Standard & Poors, Moody’s and Fitch, claiming that the agencies provided misleading credit ratings that cost state funds hundreds of millions of dollars.
NAIC lends support to federal insurance regulator
The National Association of Insurance Commissioners supports changes to proposed legislation to create a Federal Insurance Office in the US.
Smoker wins record payout
Florida judge awards ex-smoker $56.6m for medical expenses and $244m in punitive damages from maker of Marlboro cigarettes.
Tower names new CFO
William Hitselberger will join the Tower Group on December 8th 2009 as senior vice president before becoming chief financial officer in March 2010.
Ruling paves way for Katrina lawsuits against the US Army
Hurricane Katrina victims have been awarded damages in a lawsuit claiming a canal dredged by US Army engineers from New Orleans to the Gulf of Mexico destroyed a natural barrier to storm surge.
FHA may collapse as US struggles with recession
The Federal Housing Administration may collapse and thousands of regional banks may go under as the US continues to struggle with recession, sources attending a US conference have told Reinsurance.
Transatlantic Re raising capital
US reinsurer to raise $350m in bond offering
Manulife to raise $2.7bn to fund takeovers
Manulife, the US’s largest insurer by market value, plans to sell as much as $2.7bn in stock to build up capital and finance possible takeovers.
Flagstone Re launches Cat Bond
Flagstone launches new hurricane and earthquake Cat Bond Montana Re
Fed should have forced banks to take less for AIG swaps
The Federal Reserve should have used its leverage to force banks to take less than AIG's credit default swaps were worth.
Kentucky storms could cost $1.2bn - report
January's storms could be costly to insurers, the Kentucky Public Service Commission has reportedly said
Star Wall Street analyst turns negative on market rally
Meredith Whitney, a star banking analyst on Wall Street, is turning negative on the current stock market rally.
Munich Re America in new offering
Munich Re subsidiary offering new natural catastrophe loss from natural catastrophes.
Arch appoints president and CEO
Arch Reinsurance's Tim Olson has been promoted to president and CEO of Arch Reinsurance.
US storms may cost insurers 'hundreds of millions of dollars'
The US storms that wreaked havoc' across the US could cost insurers heavily, Guy Carpenter has said.