Reinsurance
AIG owes $517m in reinsurance payments
California insurance regulator says must pay workers’ comp insurers in liquidation
2010 cat bond issues could reach $5bn, says Munich Re
Required spread expected to fall by 50 basis points up to the middle of the year
AIG, Zurich and Ace units named in Chinese drywall lawsuit
'Chinese' drywall suit names 14 insurers, including AIG, Zurich and Ace
New York Governor to push for insurance exchange
David Paterson pushing to revive NYIE
Omega board and Invesco in talks over 'compromise', sources say
Embattled Lloyd's (re)insurer's board and Invesco attempting to reach a compromise
ILS activity shaping up to remain high in 2010
This year ILS activity will remain high, RMS has said.
US P&C rates fall 4%, MarketScout
Property and casualty rates dropped an average of 4% in December compared with the same period last year according to the Dallas-based electronic insurance exchange.
Swiss Re 'could pay back Berkshire Hathaway by June', analysts say
Swiss reinsurer could pay back Berkshire Hathaway loan back by June 2010, JP Morgan says.
Aspen in $200m share buyback
Aspen cuts deal with Goldman Sachs to buy $200m of ordinary shares
Tysers appoints two divisional directors
David Soper and Richard Hodge poached from Rattner Mackenzie
Edward Snell 1965 - 2009
The directors of the IPS Group regret to announce the tragic and premature death of director Edward Snell on Christmas Day following a stroke.
Ace announces $390m cat losses for 2009
Ace said that it had been hit by $390m of catastrophe losses last year.
Towers Perrin and Watson Wyatt complete merger
Towers Perrin and Watson Wyatt become Towers Watson
Lloyd's insurers may be vulnerable to takeovers
Analysts at Shore Capital have said that a number of Lloyd's (re)insurers may be vulnerable to a takeover.
Crawford opens office in Abu Dhabi
Claims management company opens new office
Saudi insurer Tawuniya reports $8m loss from Jeddah flood
Company for Cooperative Insurance said it had estimated losses of $8m from flooding in Jeddah in November.
Markel International strengthens Asia Pacific team
Simon Moi joins the team in Singapore
Max Capital appoints global chief actuary
Bermudan reinsurer appoints Joe Monk to top actuary position
Renewable energy team moves to Torus
Energy insurer hires HSBC's renewal energy team
Swiss Re obtains $150m of earthquake protection through issuance of cat bonds
Swiss Re has obtained $150m protection for California earthquake risk through the Redwood Capital XI catastrophe bond programme.
Swiss Re enters $1bn letter of credit facility with JP Morgan
Swiss Re expands letter of credit facility with US banking giant.