American International Group, Inc. said today it intends to sell in a public offering the remaining 9,192,662 shares of common stock of Transatlantic Holdings, Inc. owned by American Home Assurance Company, an AIG subsidiary.
Gen Re came out on top, with Munich Re America a close second as the "best overall" reinsurers in a survey of ceding companies by Flasp?hler Research Group.
Most reinsurers have far more capital than a year ago, capacity is abundant, but problems lie ahead for the marketplace, one reinsurance brokerage predicted.
Insurers that delayed their reinsurance purchases didn't get any notable late-December bargains from disciplined reinsurance underwriters, but soft pricing trends continued for Jan. 1 renewals.
Most reinsurers have far more capital than a year ago, capacity is abundant, but problems lie ahead for the marketplace, Holborn reinsurance brokerage predicted.
Insurers didn't get any notable late-December bargains from disciplined reinsurance underwriters, but soft pricing continued for Jan. 1 renewals--and remains in place for the foreseeable future, reinsurance executives said.
Lovells LLP, a firm with a large insurance practice, and Hogan & Hartson LLP, a Washington-based law firm said their respective partnerships have approved the merger of their international firms.
Max Capital Group Ltd. said it has promoted Executive Vice President David Kalainoff to the post of president of reinsurance operations for Bermuda and Ireland
Eleven top reinsurers have established the Global Reinsurance Forum (GRF) to lobby decision makers on matters affecting the reinsurance industry worldwide.
The chief executive officers of 11 major reinsurers meeting here announced the formation last week of the Global Reinsurance Forum, an international trade organization to represent their industry.