United States of America (USA)
Randall & Quilter makes acquisition
Run-off specialist acquires 70% of US company.
Scor and Allianz close World Trade Centre dispute
The dispute between two insurance giants over WTC payments is over, Scor says.
MMC in $400m settlement
MMC reaches settlement for securities class action lawsuit
AIG property-casualty arm will lose sales rather than cut rates
Chartis, the UK arm of AIG, claims it will lose sales rather than cut rates to unprofitable levels, contrary to claims by rivals that it’s under-pricing insurance
LIU expands red24 contract
Liberty Mutual says that it will expand its contract with red24 to add kidnap and ransom to list.
MMC makes US broker acquisition
MMC acquires Insurance Alliance through one of its subisidiaries.
Swiss Re enters life reinsurance deal
Swiss reinsurer enters deal with US life reinsurer Reassure America Life.
Fitch happier about reinsurance sector
Ratings agency turns upbeat about reinsurance sector
Endurance appoints Zurich excess casualty specialist
(Re)insurer Endurance has announced that Doreen Miller has joined Endurance Worldwide Insurance as a senior vice president, U.S. Excess Casualty, in the large account retail practice.
Bear Stearns execs found not guilty of fraud
Two Bear Stearns executives found not guilty of fraud, saving them 20 years in jail.
US financial reform bill proposed
A new financial services regulatory reform bill has been proposed in Congress.
Transatlantic Re outlook upgraded by AM Best
Ratings agency AM Best happier on the prospects for US reinsurer
Liberty's director of underwriting departs
Liberty's director of underwriting Tom Corfield has left the company Reinsurance has learned.
Berkshire Hathaway third quarter earnings triple
Warren Buffett's investment vehicle has said that third quarter earnings have tripled
US Gulf of Mexico bracing for Hurricane Ida
Hurricane has already killed 124 in El Salvador and is beating a path towards the oil fields in the Gulf of Mexico
US health bill passes through House of Representatives
The US health bill that will reform the US healthcare industry has been passed by the US House of Representatives
AIG reports $455m profit
Benmosche claims performance has stabilised
Lloyd's underwriters concerned about dam draw down - sources
Lloyd's underwriters are looking into the possible drawdown of the Hanson Dam in the Western US with some concern, Reinsurance has learned
Berkshire Hathaway placed on ratings watch negative
Berkshire Hathaway has been placed on ratings watch negative by Fitch
Catlin UK premium falls 5%
GWP increases 1% after forex adjustment
Markel International profit back in black
Combined ratio improves 45 percentage points in Q3 results
Munich Re profit surges
German reinsurance giant's third quarter net income surges
Max Capital continues Bermudians' upward trend
Max Capital is the latest Bermudian (re)insurer to show heavy profits in the third quarter.