News – Page 370
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Online onlyUS reinsurance tax bill branded ‘anti-consumer’
Coalition for Competitive Insurance Rates lobbies congress prior to hearings on protectionist legislation
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IFEX lists new futures contracts
New eastern seaboard and US north east wind futures have more trigger levels
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Swiss Re and Guy Carp close $200m cat bond
Collective pool in the US taps capital markets for hurricane risk
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Online onlyRenaissanceRe doubles net income
$271m income in Q2; reinsurer increases capacity for Florida portfolio
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Goldman and Deutsche issued subpoenas, say reports
Did banks have doubts about soundness of mortgage-related securities?
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US$150m cat bond closed for Hannover Re
BNP Paribas and Aon Benfield place bond at double planned size
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Online onlyRGA ‘back on track’ after rough time
CEO of specialist life reinsurer pleased with Q2 results
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AIG accelerates P&C spin-off
Troubled insurer launches special purpose vehicle to be headed by Kris Moor
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Online onlyCat bond market rebounding
David Priebe of Guy Carpenter and Co says 2009 has seen issuances worth $1.38bn
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Taiwan reinsurer’s outlook takes a hit
Central Re’s profitability impacted by economic climate, but still rated A- by AM Best
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Radian commutes $9.8bn of former Ambac re portfolio
Reduces Radian’s financial guaranty exposure by 10%; provides capital support for mortgage insurance business
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Miller launches Singapore fac reinsurance unit
More former Benfield recruits add to broker’s capability
