All Editorial articles – Page 66
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Another Ike estimate revised down
EQECAT says Hurricane Ike cost $8bn-$12bn, not $8bn-$18bn
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Financial nat cat
Investment losses bigger than Gustav, almost as big as Ike, for one insurer
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SWIFT in landmark data deal with reinsurers
Swiss Re, Munich Re, SCOR, ACORD and major brokers are involved
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RGA reveals exposure to AIG and Lehman
Reinsurer held investments in notes and preferred securities
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Next on the block
Morgan Stanley reported to be in merger talks with Wachovia. Short-selling by speculators.
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HBOS assets "likely" to be sold off - analyst
After Lloyds TSB comes to the rescue of HBOS in a £12bn takeover, asset sales seem on the cards
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AIG to be "broken up and sold off" - leading industry figure
Nathan Skinner reports from the IRM conference on reaction to the Fed bailout of AIG.
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Aspen declares $38m Lehman exposure
Investment amounts to less than 0.7% of the insurer’s total portfolio
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AIG issues statement on Asia
After Fed bail out, AIG moves to quell fears of Asian sell-off.
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AM Best downgrades Lehman Re
Reinsurer not included in bankruptcy petition, but could be significantly impacted
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Munich Re declares EUROS 350m Lehman exposure
Four Lehman cat bonds also placed on credit watch negative by S&P
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Ike could be 3rd biggest storm loss in history
Fitch: hurricane adds more weight to heavy losses for US (re)insurers
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US insurer's turmoil 'not reflected in Europe'
CEA aims to reassure markets over European insurers after AIG and Wall Street developments
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Analysis
Marine insurance: opportunities and threats
Lloyd's franchise director warns the tide is changing for the international marine and energy sector
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‘Cracks appearing’ in marine market
Lloyd’s franchise director points to signs of an end to the shipping boom