Reinsurance
Broker on the look out for teams after being granted Lloyd's status
Independent Services Group, the London-based reinsurance service provider today said its subsidiary, Independent Broking Solutions, had received approval to be a registered Lloyd’s Broker.
New Irish Regulator challenges Quinn to "show me the money"
The new Financial Regulator Matthew Elderfield yesterday challenged Quinn to “show him the money”.
New Irish Regulator challenges Quinn to "show me the money"
The new Financial Regulator Matthew Elderfield yesterday challenged Quinn to “show him the money”.
Insurance industry must do more to combat piracy – House of Lords
A report released from the House of Lords has said that the insurance industry “must accept a greater degree of responsibility” in the fight against piracy
FTSE 100 reaches highest level since 2008
On Wednesday afternoon the FTSE 100 broke 5800 for the first time since 2008, fueling speculation that the UK is seeing a sustained upturn in its economy.
FTSE 100 reaches highest level since 2008
On Wednesday afternoon the FTSE 100 broke 5800 for the first time since 2008, fueling speculation that the UK is seeing a sustained upturn in its economy.
Securities lawsuit filings drop and dismissals surge - Advisen
New credit crisis suits plunge, but financial firms still are in plaintiff attorneys’ crosshairs according to a report by Advisen.
Guy Carpenter announces new executive appointments
Chris McKeown to lead Guy Carpenter’s North America operations and Andrew Marcell relocating to London to assume global role
Ace Tempest Re appoints head of international
Steve Roberts has been promoted to managing director of Ace Tempest Re International, which includes operations in London, Zurich, Sao Paulo and Shanghai.
AIG: Bernstein erred in reserve-shortfall estimate
AIG told US regulator that Sanford C. Bernstein’s review of its claims-paying resources relied on faulty analysis.
Quake kills up to 400 in China’s Qinghai province
Thousands are feared injured after a magnitude-6.9 quake hit western China's Qinghai province.
XL Capital next Bermuda acquisition target - analysts
Analysts predict that XL Capital will be the next reinsurance acquisition target emerging from the island.
RFIB adds two in "talent" push
Lloyd’s insurance and reinsurance broker RFIB has announced the appointments of Charles Vermont as a broker in its specialty division and Jeannette Smith as associate division director to its North American division.
Cooper Gay on the up
Cooper Gay has reported group revenue growth to £100.5m (2008: £77.9m), an increase of 29%. EBITDA grew 8% to £19.9m (2008: £18.4m).
AIG CEO Benmosche received $2.7m for 2009
Robert Benmosche received $2.7m in compensation for 2009 as the bailed-out insurer began selling assets to repay government loans
Berkshire Hathaway insurance profits may fall – Barclays
Warren Buffett’s Berkshire Hathaway may post declining returns on equity through next year on reduced insurance earnings, said Jay Gelb, an analyst at Barclays.
Fairholme becomes biggest AIG investor after US government
Fairholme Capital Management has acquired about 15 million shares of AIG in a bet on a rebound of the bailed-out insurer.
Greenberg seeks to end civil fraud case
Former AIG chief exec Hank Greenberg has asked a judge to dismiss a civil fraud lawsuit brought by New York's attorney general, who is seeking to hold him personally liable for a sham reinsurance transaction.
Munich Re reduces stake in Swiss insurer with €119m share sale
Munich Re has sold part of its stake in Swiss insurance group Helvetia Holdings, reducing its shareholding from approxoimately 8.2% to under 3%.
Munich Re reduces stake in Swiss insurer with €119m share sale
Munich Re has sold part of its stake in Swiss insurance group Helvetia Holdings, reducing its shareholding from approxoimately 8.2% to under 3%.
Cooper Gay revenue grows 29%
Cooper Gay has reported its annual results for the financial year ending 31 December 2009.
BMS poaches Guy Carpenter ILW specialist
BMS has appointed Stefano Nicolini, as senior vice president concentrating on industry loss warranty (ILW) business.
Beazley changes reporting currency
Lloyd's insurer Beazley is to change its reporting currency to US dollars for the 2010 financial year onward.
AIG unit unwinds CDS positions
AIG has unwound its remaining CDS swaps with Goldman Sachs according to newswire Reuters.