All News articles – Page 360
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NAIC to ease rules for life insurers
$25 to $30bn could be freed by changes proposed by American Council of Life Insurers
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Ex-AIG Re chief sentenced to four years in jail
Christian Milton, a British former AIG executive, was found guilty of ‘finite reinsurance’ fraud involving AIG and Gen Re
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Online onlySwiss Re (GB) CEO joins Canopius
Tim Carroll becomes underwriting director at the Lloyd’s firm
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Carvill’s US staff ‘taking accounts with them’
Individual brokers preparing for new roles at other companies as Carvill winds up
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Investment losses hit Max's 2008 figures
Net operating loss estimated at $2.65-$3.00 per share. Investment losses offset good underwriting results.
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Tropical cyclone Dominic to strike Australia
Dominic could strike the north coast of Western Australia with Tropical Storm force
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Scottish Re (US) downgraded
Moody’s action follows news that Hannover Re will buy a portion of Scottish Re’s business
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New president for Aegon Americas
Mark Mullin, a 22-year veteran of Aegon, was formerly executive vice president for Aegon USA
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Three Japanese insurers to merge
New largest non-life insurer in Japan to be formed by Mitsui Sumitomo, Aioi Insurance and Nissay Dowa
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PartnerRe expects $2.1bn of renewal business
Figure relates to non-life business – 60-65% is thought to have been renewed
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Online onlyHannover Re buys life portfolio from Scottish Re
$1.2 bn per annum portfolio makes Hannover Re fifth-biggest individual life reinsurer in the US.
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Online onlyValidus raises Ike estimates by 40%
Hurricane now estimate to have cost the company $235m instead of $165m
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Online onlyBids for AIA expected within weeks
AIG expects bids for American International Assurance towards the end of February, according to report
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Arch Capital Group expands underwriting platform
Arch Re Europe launched; Lloyd's managing agent and syndicate planned
