Reinsurance

Insurer American Keystone shut down

American Keystone placed into receivership with the Florida Department of Financial Services and will be liquidated after the company’s latest financials were insufficient to buy reinsurance, regulators said.

PICC raises $732m

PICC Property & Casualty, China's largest non-life insurer in terms of premiums, has completed the issuance of RMB 5bn worth of ten-year subordinated bonds (circa $732m).

Aegon gets $650m boost

Dutch insurer Aegon has made $650m in regulatory capital available to its US operations by tapping future life insurance profits in a 10-year reinsurance transaction with JPMorgan Chase.

The full Monte

The 2009 Reinsurance/PricewaterhouseCoopers roundtable lunch saw some good-natured sparring between friends and rivals over the hot topics of the day - from the problems thrown up by AIG's troubles to Solvency II and US cage-rattling over Bermuda.

Missing the boat

Reinsurers have so far failed to appreciate the opportunity that regulatory reform is presenting them with, writes James Vickers

Hot climate

Our roundup of reader opinion shows rates are flattening, the economic crisis hasn't dampened your appetite for a new job and climate change is creeping up the agenda.

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