Reinsurance
Munich Re issues $80m cat bond
Munich Re has obtained cover for US hurricane and European windstorm risks amounting to $80m from Irish SPV EOS Wind, which placed a catastrophe bond in the market.
Munich Re issues $80m cat bond
Munich Re has obtained cover for US hurricane and European windstorm risks amounting to $80m from Irish SPV EOS Wind, which placed a catastrophe bond in the market.
CCIR praises EU for blasting US reinsurance tax proposals
The Coalition for Competitive Insurance Rates (CCIR) has commended the European Union for "speaking out against a controversial tax proposal” on affiliated reinsurance included in President Obama's 2011 budget proposal.
US financial reform delayed
In a setback for the Obama administration, Senate Democrats failed to muster enough votes on Wednesday to end debate on the overhaul of financial regulation, delaying a vote on passage.
AIA acquisition includes Thai bond risk
Prudential will take on $7.37bn of Thai sovereign debt in a deal to buy AIG’s Asian unit, according to a regulatory filing.
Flagstone adds $50m to buyback program
Flagstone Reinsurance said on Tuesday that its board has added $50m to its share-repurchase program.
Omega sees Q1 GWP growth
(Re)insurer Omega Insurance Holdings has reported an 18% growth in GWP for the first quarter of 2010 to $124.5m (2009: $105.5m.)
Reinsurers being pushed into M&A – Becker
Marty Becker, chief executive officer of Alterra Capital, said reinsurers are pushed to consider mergers and acquisitions by clients and investors, who prefer carriers with larger capital bases.
BIBA 2010: Willis CEO questions FSA's "grandfathering" of Quinn
Willis chief executive Joe Plumeri has questioned the Financial Services Authority's role in the problems revolving around Quinn Insurance.
Miller poised to join international broking network
Assurex Global is poised to appoint Miller as one of two new UK partners, after a long search to replace HSBC Insurance Brokers.
Accounting - Currency & exchange rates: Currency affairs
The insurance market is increasingly becoming a multinational multi-currency industry and this can bring benefits. But, as John O'Neill reports there are also dangers associated with this in the current climate.
Lloyd's China granted licence to write direct insurance
Lloyd’s China has been granted a licence by the China Insurance Regulatory Commission to write direct insurance in addition to their existing reinsurance licence.
Miller poised to join international broking network
Assurex Global is poised to appoint Miller as one of two new UK partners, after a long search to replace HSBC Insurance Brokers.
Lloyd's China granted licence to write direct insurance
Lloyd’s China has been granted a licence by the China Insurance Regulatory Commission to write direct insurance in addition to their existing reinsurance licence.
JLT shakes-up board
Jardine Lloyd Thompson Group has changed its board in the wake of Jim Rush and William Nabarro retiring.
E&Y warning over emerging markets
Emerging markets continue to offer growth but insurers need to keep this in perspective according to a panel at Ernst and Young's global insurance conference in Paris.
E&Y warning over emerging markets
Emerging markets continue to offer growth but insurers need to keep this in perspective according to a panel at Ernst and Young's global insurance conference in Paris.
The insurance sector needs to evolve, says Aon Germany chairman
The insurance sector needs to evolve and reform what it currently offers to better reflect client needs, Ralph Liebke, chairman and CEO of Aon Germany, has told delegates at a conference in Paris.
Swiss Re: Insurers should not ignore 'the elephant in the room'
Against the backdrop of the upcoming regulatory framework in Europe – Solvency II – Swiss Re has outlined how it believes insurance risk managers can shape their companies’ risk management culture in the post-crisis world.
Swiss Re: Insurers should not ignore 'the elephant in the room'
Against the backdrop of the upcoming regulatory framework in Europe – Solvency II – Swiss Re has outlined how it believes insurance risk managers can shape their companies’ risk management culture in the post-crisis world.
Hardy CEO admits 2010 profits will be "diminished" after Q1 losses
Hardy Underwriting said it expects to increase gross written premium volume for the 2010 financial year to more than £300m (2009: £242m).
Prudential starts $21bn delayed offering
Rights' offer to fund the purchase of AIG’s Asian unit, AIA, after a 12-day delay has fuelled speculation that the deal will fail.
Explorers reach North Pole after 60 day survey trek
A team of three British explorers described as 'the world's toughest' reached the North Geographic Pole today ending a 60 day scientific survey across the floating sea ice of the Arctic Ocean.
Max and Harbor Point become Alterra
The closing of a merger of equals between Max Capital Group and Harbor Point has finalised with the resulting company to begin trading as Alterra.