China Mulls Creation of New Regulator for State Financial Sector August 3, 2011 By Benjamin Kang Lim and Koh Gui Qing China is considering a proposal to create a ministerial-level body to manage its state-owned banks and non-bank financial enterprises, two...
Insurers Interested in ING European, Asian Units August 2, 2011 By Douwe Miedema ING could get a far bigger pay-out if it ditched a plan to spin-off its Asian and European insurance units...
Validus Urges Transatlantic Talk About Takeover Offer August 1, 2011 Reinsurer Validus Holdings Ltd . Sunday urged target Transatlantic Holdings Inc to enter into discussions over its proposed takeover and...
Validus Touts ‘Superior Proposal’ for Transatlantic; Allied Says It’s a Done Deal July 29, 2011 There seems to be a slight divergence of views between Validus Holdings and Allied World over the current status of...
Ratings Recap: ECIC, Century (Guam), Al Fajer Re July 29, 2011 A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating...
Lloyd’s Appoints Steel New Open Form Appeal Arbitrator July 29, 2011 Lloyd’s announced the appointment of Sir David Steel as the next Lloyd’s Open Form (LOF) appeal arbitrator to hear salvage...
Fairfax Financial Profit Rises on Investments July 29, 2011 Fairfax Financial Holdings, which took a 9 percent stake in Bank of Ireland earlier this week, said Thursday its quarterly...
Rio-Paris Crash Probe Finds Air France Pilots Ignored Warnings July 29, 2011 By Tim Hepher French investigators said on Friday that the crew of Air France’s Rio-Paris flight which crashed into the Atlantic two years...
Lloyd’s Receives Approval for Reduced Collateral from New York July 29, 2011 Lloyd’s announced that it has received approval from the New York Insurance Department to post reduced collateral on reinsurance contracts....
Canada’s Top Court to Rule on Tobacco Liability July 29, 2011 Canada’s Supreme Court will decide Friday whether the federal government should be partly liable for damages, possibly amounting to many...