All Top News Stories of The Week articles – Page 11
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Subprime: D&O losses to reach $2bn
The true impact will not be felt until 2008 or 2009, warns Guy Carpenter
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Allianz launches cat bonds for European windstorm
S&P rates the first issuances under the newly-established €1bn Blue Fin programme
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Guy Carpenter replaces poached fac team
Mark Newman, Hugh Powell and John Trace are named co-leaders of GCFac
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Swiss Re Q3 income dips
Swiss Re's premiums were down by 4% in the third quarter of 2007
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Greenberg reveals interest in AIG
Does Hank Greenberg have designs on the company he led for 40 years?
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Willis board backs $1bn buyback
This authorisation replaces the company’s previously announced $1bn buyback plan
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UK run-off company goes insolvent
Highlands Insurance Company has gone into administration
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Endurance reveals drop in reinsurance premiums
The premium decline is down to the non-renewal of unprofitable business, says the company
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Talbot opens shop in Singapore
Insurer launches "Talbot Asia" in Singapore; Jeremy Austen appointed CEO
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MAPFRE enters US market with Commerce buyout
The Spanish reinsurer will buy the US non-life insurer for $2.2bn and gain 10% of its premiums from the US
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Law firms plan strategic merger
Kendall Freeman and Edwards Angell Palmer & Dodge will merge on 1 January 2008
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Online onlyMunich Re in Indian joint venture
Joint venture gives ERGO Group access to Indian primary insurance market
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Munich Re buys MSP Underwriting
Acquisition sees it acquire a 47.3% of Lloyd’s Syndicate 318
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Ark strengthens casualty team with Aspen hires
New Lloyd’s syndicate Ark has hired David May and Andrew Aldwinckle
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Swiss Re acquires part of Resolution
£2.35bn deal conditional to Standard Life offer being completed
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Hannover Re establishes Bermudan life operation
Hannover Life Reassurance Bermuda has equity base of €120m
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Ace Q3 net income jumps 13%
Despite record profits, reinsurance net premiums written declined 24%
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XL takes Q3 subprime knock
XL profits are down 21% primarily due to exposures to the global credit crunch
