Reinsurance
Swiss Re launches mortality bond covering H1N1
Swiss Re has entered into a transaction with VITA Capital IV to receive up to $75m of payments in the event of severe population mortality in US or the UK.
Two out as Glacier completes strategic review
Morten Pahle replaces Steve Price as UK boss in shake up.
Marsh the broker for Pennsylvania nuclear radiation leak, sources
Marsh are the broker for the Three Mile Island nuclear plant where a radiation leak is currently being investigated according to sources.
Torus adds to US and UK casualty teams
Torus appoints Charles Stauber VP and head of casualty claims. Alison Timson also appointed assistant vice president for US casualty.
Climate near “tipping point”, Allianz
Clemens von Weichs, head of Allianz’s reinsurance unit, says (re)insurers have a vital role to play.
Capita insurance services boss to join Xchanging
Former Hiscox ops boss Pell looked after the outsourcing giant's Lloyd's business.
ABI expects Cumbria flood bill not to top £100m
Insurers have received 1000 claims so far.
Marsh to begin due dilligence on HSBC Insurance Brokers next week
Broking giant to be given access to HSBC's books next week.
S&P, Moody’s and Fitch in Ohio lawsuit
Ohio’s attorney general has filed a suit against Standard & Poors, Moody’s and Fitch, claiming that the agencies provided misleading credit ratings that cost state funds hundreds of millions of dollars.
NAIC lends support to federal insurance regulator
The National Association of Insurance Commissioners supports changes to proposed legislation to create a Federal Insurance Office in the US.
Tower names new CFO
William Hitselberger will join the Tower Group on December 8th 2009 as senior vice president before becoming chief financial officer in March 2010.
Low interest rates could topple insurers, Baloise
Continued low interest rates could cause some insurers to collapse according to the chief executive of Baloise.
Marsh targets HSBC Insurance Brokers to close gap on Aon
Speculation mounts that another mega broking deal could be afoot.
Tokio Marine joins forces with Edelweiss Capital
Tokio Marine to invest $117.6m in life insurance joint venture with Indian Edelweiss Capital
Munich Re expects Solvency II sales boost
Munich Re expects a sales boost 2011/2 as Solvency II forces primary insurers to buy more reinsurance cover
Inflation not necessarily bad news for reinsurers – Guy Carpenter
George Carrington, head of the international casualty specialty practice at Guy Carpenter, claims monetary inflation will enable European long-tail (re)insurers to improve their cash flow
Toa Re and China Re enter co-operation pact
Japan's Toa Reinsurance has teamed up with state owned China Reinsurance in a bid to enhance the two reinsurers' market development.
Ruling paves way for Katrina lawsuits against the US Army
Hurricane Katrina victims have been awarded damages in a lawsuit claiming a canal dredged by US Army engineers from New Orleans to the Gulf of Mexico destroyed a natural barrier to storm surge.
FHA may collapse as US struggles with recession
The Federal Housing Administration may collapse and thousands of regional banks may go under as the US continues to struggle with recession, sources attending a US conference have told Reinsurance.
Transatlantic Re raising capital
US reinsurer to raise $350m in bond offering
XL to set up non-life insurer in China
Bermudian insurer to set up Chinese insurer
Flagstone Re launches Cat Bond
Flagstone launches new hurricane and earthquake Cat Bond Montana Re
IAG rises as QBE again linked with bid
Rumours of Australian giant merger will not go away.
Hardy reports £56.4m leap in GWP in 2009
Bermuda domiciled business says improvement led by property and non marine business.