Reinsurance
Reinsurance market could turn this year – Lockton Re
Lockton market update report notes that the reinsurance market may be on the brink of a new shift in cycles despite strong 2009 reinsurer results.
Buffett loses $1bn after Goldman charge
The value of Warren Buffett’s options to buy Goldman Sachs shares fell by over $1bn after the SEC sued the investment banking giant on Friday, according to sister publication IFAonline.
US Congress extends National Flood Insurance Program
President Barack Obama has signed into law legislation that extends the National Flood Insurance Program (NFIP) through to 31 May.
China Pacific 2009 profit soars
China Pacific Insurance, China’s third-biggest insurer, said profit almost tripled last year after a rally in the domestic stock market lifted investment returns.
Munich Re takaful arm in talks with DIFC
Munich Re Retakaful is reported to be holding talks with the Dubai International Financial Centre to enter the UAE.
Start up lines up Deutsche Bank and Macquarie for UK float
Long Bay Re, a newly established Class 3 reinsurer registered under Bermuda law, has announced its intention to float on AIM.
Goldman Sachs charged with fraud by the SEC
Goldman Sachs Group was charged with fraud on Friday by the US regulator in the structuring and marketing of a debt product tied to subprime mortgages.
Ace Bermuda appoints new exec VP
Ace Bermuda, the Bermudian subsidiary of Ace, has said that Judy Gonsalves has been appointed executive vice president.
Air travel facing “greatest disruption since 9/11” – Civil Aviation Authority
A huge ash cloud from an Icelandic volcano continues to cause further air travel chaos across Europe, leaving hundreds of thousands of passengers stranded.
MetLife offers $13.5m to end contingent commissions investigation
MetLife has agreed to pay the US government to resolve an investigation into “improper” payments to a San Diego-based broker that sold the company’s coverage.
Air travel facing “greatest disruption since 9/11” – Civil Aviation Authority
A huge ash cloud from an Icelandic volcano continues to cause further air travel chaos across Europe, leaving hundreds of thousands of passengers stranded.
Aon Benfield looking for more acquisitions – Christian
Reinsurance interviewed Aon Benfield’s new co-chief executive Dominic Christian about why Andrew Appel moved across to Aon, what the future is for former Benfield CEO Grahame Chilton, and why the company is still looking to acquire.
Interview: Dominic Christian, Aon Benfield
Reinsurance interviewed Aon Benfield’s new co-chief executive Dominic Christian about why Andrew Appel moved across to Aon, what the future is for former Benfield CEO Grahame Chilton, and why the company is still looking to acquire.
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.