News

BMO picks up AIG Life business

In a formal announcement yesterday, that came as a shock to very few, American International Group Inc. said it will sell its life insurance subsidiary …

Kingsway Financial Averts Leadership Challenge

Kingsway Financial president Shaun Jackson has averted a leadership showdown-and held onto the company’s top spot after settling a challenge from an outside group of …

Reinsurance Pricing Firming: Aon Benfield Report

Reinsurance pricing for the January 1, 2009 treaty renewals are showing signs of firming, particularly for catastrophic covers, Aon Benfield reports. In its latest Reinsurance …

Recovery will come late in 2009

Economic forecasts and pontification have bump celebrity gossip off of the front page since mid-September, but when top economists from the five biggest banks get …

Recession Still Pinching Insurers: Celent Report

Global bankers may be announcing the recession’s end, but insurers are slower to agree, even though they’re more positive about the industry’s longer-term …

Global Reinsurance Pricing On the Rise

Global property catastrophic reinsurance pricing rose year-on-year by 8% for the latest January 1 treaty renewals, with casualty reinsurance rates increasing by 5% …

Hard Market Imminent, says Advisen Report

The insurance industry is nearing the bottom of the commercial pricing cycle, and is poised for the return of a hard market, according …

RIMS 2009 Puts Spotlight on Risk Management

The U.S.-based Risk and Insurance Management Society Inc. (RIMS) has picked Orlando, Florida as the destination for the organization’s 2009 Annual Conference & …

AIG Passes Portfolio to Lexington

Organizational changes at AIG Commercial Insurance will stream its public entities casualty insurance business through its Lexington Insurance Company unit.
The company announced the portfolio—which services …

New Credit, but Outlook Dips for Swiss Re

Deteriorating capital market conditions have taken a toll on at least one ratings agency’s financial outlook for reinsurance giant Swiss Re.
Although the company retained its …

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