All Online only articles – Page 110
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S&P adapts takaful rating strategy
Change was needed to address the growth of the Islamic market
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CEO of Qatar Insurance Services announced
James Sutherland was formerly director of (re)insurance business development at the QFC
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LIIBA has ‘sharpened focus’ for brokers
Group now has 120 members, representing 98% of the London market
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EU gives €12.5m boost to Caribbean cat pool
Contribution brings total non-member donations to more than US$65m.
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Berkshire Hathaway given negative outlook
S&P assessment also applies to related entities; ratings are affirmed.
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XL puts UK/Ireland life reinsurance into run-off
Decision follows strategy of prioritising property and casualty business
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Obama seeks powers to close any non-bank financial company
US President wants authority to wind down "any institution that poses a systemic risk"
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BER proposals announced
European Commission plans to exclude standard policy conditions and security devices from the Block Exemption Regulation (BER) renewal
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AIG staff to repay $80m of bonuses
New York Attorney General says he hopes to recoup $80m of the $165m bonuses paid by AIG on 15 March
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DIFC says it has not granted licence to Lloyd's
Dubai International Financial Centre issues clarification
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Lloyd’s delegates may prefer Qatar
Underwriters’ positive response fuels debate over Arabian Gulf base for Lloyd’s
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Catlin appoints investment officer
Patrick Wills set to join from hedge fund advisory company
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Qatar's insurance venture
Qatar continues to pours natural resources wealth into financial sector. Growth strong despite world recession.
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Qatar committed to insurance growth
Yousef Hussain Kamal, Qatar's Minister of Finance and Economy, reveals insurance plans
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Arabian insurance ‘rendezvous’ kicks-off
Qatar MultaQa event hears of opportunities for growth in $7bn Gulf insurance industry
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Aon Benfield signs outsource deal with Xchanging
New seven-year contract for additional services incorporates support for merged operations.
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Berkshire Hathaway debt ratings downgraded
However, insurance and reinsurance ratings of 'AAA' remain the same
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Swiss Re to pay Buffett 12% interest
Troubled reinsurer received CHF 3bn ($2.5bn) investment from Berkshire Hathaway
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Run-off 'can release value', survey finds
PricewaterhouseCoopers survey finds European insurers are increasingly looking to run-off in the current economic crisis