Regulation
Situation for European insurers 'not comparable' to US - CEA
The European insurance and reinsurance federation CEA has said that the situation for European insurers is not comparable with that of institutions affected in the US.
Libero looking for alternative capital after Lehman collapse
The senior directors of Libero Ventures, which is 80% owned by collapsed investment bank Lehman Brothers, has said that it is looking for alternative capital in the wake of the collapse of majority owner Lehman Brothers.
UK Insurers with Lehmans exposure named
There are three UK listed insurance companies with direct exposure to US debt through substantial fixed-annuity books – Aviva, Prudential and Old Mutual – according to Keefe, Bruyette and Woods.
Financial crisis claims another scalp
Lehman Brothers Holding (“LBHI”), the US investment bank, has announced that it intends to file a petition under Chapter 11 of the US Bankruptcy Code.
Ernst and Young boosts London and Bermuda insurance team
Former QBE European operations director David Lang has joined Ernst and Young as a director in the London and Bermuda insurance team.
Appointment at RFIB Group
International Lloyd’s insurance and reinsurance broker RFIB Group has appointed Richard Spragg as managing director, financial products, non marine division - insurance.
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Appointment at XL Capital
XL Capital has made Jacob D Rosengarten executive vice-president and chief enterprise risk officer o...
CEA slams EU policymakers
CEA, the European insurance and reinsurance federation, has criticised European policymakers for failing to involve all stakeholders in today’s hearing on statutory audits.
Hull upheaval brings London opportunities claims Aon
The London marine insurance market should be ready to embrace new opportunities following the decrease in Norwegian hull appetite according to Aon.
Coastal flooded high-risk property insurance losses could double by 2030- Lloyds
Insurance losses from coastal flooding for high-risk properties could double by 2030, according to a new report published today by Lloyd’s and Risk Management Solutions.
CML slated by PPI provider
Senior heads should roll at the Council of Mortgage Lenders (CML) after failing to secure an equitable level of state protection for mortgage lenders in both the private and rented sectors, according to PPI specialist Burgesses.
Endurance adds to underwriting team
Endurance Specialty Holdings Ltd. (NYSE:ENH), a Bermuda-based specialty provider of property and casualty insurance and reinsurance, today announced several new leadership appointments in its international reinsurance operation servicing non-US clients.
Glacier Re promotes underwriters
Glacier Reinsurance, the Switzerland-based reinsurer, said it has promoted Ralph Bothe and Eduoard von Herberstein to the position of Senior Treaty Underwriter. They will continue to report to Glacier Re’s Chief Underwriting Officer, Dirk Turley.
Moody's places Scor's ratings on review for possible upgrade
French reinsurer Scor has has its insurance financial strength ratings put on review for a possible upgrade by ratings agency Moody's.
Russian reinsurer Unity Re gets 'BB-' rating from S&P
Russian reinsurer Unity Re has been given a 'BB-' long-term counterparty credit and insurer financial strength ratings and 'ruAA-' Russian national scale rating by ratings agency Standard & Poors with a stable outlook.
Fitch positive on outlook
Fitch Ratings claims its outlook on the global reinsurance sector remains stable. "Fitch believes th...
Fighting the good fight
CSR: Sustainability
Introduction - Industry movers and shakers for 2008
UK Loss Adjusting 2008
Stutz joins Brokerbility
Former Aon Director, Ian Stutz has joined Brokerbility as managing director.
RSA loses second senior figure
Following the resignation of Bridget McIntyre, RSA has lost its second senior member in as many days with the defection of Nigel Salisbury to Marsh.
FSA bans broker bosses
The Financial Services Authority has banned three directors of a London-based insurance business, BPS Insure Limited, for failing to inform the FSA that BPS had a deficit of approximately £3m in its client account and had misused client money.
European Parliament against compulsory legal protection insurance
With an overwhelming majority, the European Parliament today adopted a resolution whereby consumers should not be obliged to subscribe to compulsory motor legal expenses insurance, but that this option should remain voluntary.