All Weekly Email Alert articles – Page 37
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US federal charter back on the agenda
The Treasury Department’s plans for regulatory reform are not backed by the PCI
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Reinsurers facing volatile year, warns Willis
Rates continue to soften over a wide range of classes and territories, finds April renewals report
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Glacier Re launches London-based insurer
Former QBE managing director Steven Price appointed to head up London office
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Allied World launches US reinsurer
The company has been capitalised with over $500m and is licensed to underwrite business in 49 states
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XL comments on Merrill Lynch lawsuit
Merrill Lynch is suing XL Capital Assurance and not XL Capital, contrary to "erroneous" reports
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JLT Re partners with UCLEI
University College London Environment Institute and JLT Re to develop analytical tools for the (re)insurance industry
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Analysis
WIF: You can’t fight the market
“Let’s not deny the cycle, but manage it better,” say industry leaders at the World Insurance Forum
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Record profits for acquisitive Scor
French reinsurer’s income reaches EUR407m after Converium acquisition and benign cat year
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Munich Re issues EUR170m cat bond
Cat bond issued through Queen Street programme; Securitises aggregate windstorm losses for the first time
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Eliot Spitzer resigns
The "Sheriff of Wall Street" steps down after sex scandal revelations
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Brit's Gibraltar reinsurer opens for business
Rockhampton Insurance will write some £60m of reinsurance business this year
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Record results for Hannover Re
German reinsurer sees profits surge by 42.6% despite a drop in premiums
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Berkshire to sell White Mountains stake
WTM will transfer certain runoff units and $751m in cash to Berkshire Hathaway
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White Mountains ratings unaffected by Berkshire deal
Berkshire will exchange its 16.3% stake in White Mountains for 100% of a WTM subsidiary
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Scottish Re delays results filing
The delay is due to subprime assessments and the life reinsurer's change in strategic focus
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Brit profits and premiums up in 2007
“Brit is built to weather storms and is positioned for outperformance,” says Douetil
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Buffett leapfrogs Gates to become world's richest man
Berkshire Hathaway boss and acclaimed Oracle of Omaha Warren Buffett is worth $62bn
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Scottish Re waves goodbye to another CEO
George Zippel to leave in July; board feels his contribution is "no longer considered viable" given subprime exposures
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The party is over, warns Buffett
Berkshire Hathaway’s underwriting profits dip in 2007; Buffett warns profit margins will fall “significantly”