All Editorial articles – Page 67
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AIG fights for its life
Crisis talks with Federal Reserve to secure loan deal with Goldman Sachs and JPMorgan Chase
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Hurricane Ike ‘manageable’ for P&C industry
AM Best says hurricane season as a whole will put pressure on the market
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New Lockton COO in London
Stephen Reid was formerly with Marsh’s risk management practice
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New president for Catlin Canada
Michael Hansen, a 25-year veteran of aviation insurance, succeeds Michael Wills
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Senior appointment at Hannover Life Re
Paul Casey becomes new head of business development
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Typhoon Sinlaku landfall at CAT 2
Forecast to move towards Japan and weaken to a tropical storm.
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Prince Charles praises insurers on climate change
London Mayor describes City as ‘major bulwark against risk’ in new IUA publication
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Analysis
Another knock, another scramble for capital
AIG requests a $40bn loan from the Federal Reserve to turn around plunging market sentiment
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Lehman files for bankruptcy
Six months after fall of Bear Stearns, another Wall St giant falls. No federal bailout this time.
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Bank of America to buy Merrill Lynch
$50bn deal comes after weekend that changed the face of Wall St
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AIG in emergency assets sale
World’s largest insurer to sell $20bn in assets in scramble to avoid downgrade
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Subprime-related legal cases pile up
Number of subprime court cases in US now exceeds savings-and-loan crisis of early 1990s
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Ike touchdown in less than 24 hours
Losses above $15bn possible. Ike will be worst storm to hit the US coast since 2005 - Carvill
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Extreme rainfall may be underpredicted
Standard predictions of future changes in rainfall extremes may be underestimated, according to new scientific research
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China Re: foreign competition is forcing us overseas
President of the Chinese reinsurance giant describes challenges ahead
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Ike will be at least Cat 3
AIR assesses precedents as hurricane heads for central Texas coast
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Ike insured loss exceeds $200m so far
RMS issues estimate as concern about US landfall increases
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Lehman manager rejoins Transamerica Re
David O’Brien returns to the company’s senior management team