Claims
Miller starts facultative reinsurance unit
As reported by Reinsurance Magazine, Miller, the UK's leading specialist independent insurance and reinsurance broker has started up a facultative reinsurance unit.
Amlin Fortis buyout 'expensive' - JP Morgan
Analysts at JP Morgan have said that Amlin's purchase of Fortis Corporate Insurance from the Dutch government for €350m was "expensive".
Amlin makes acquisition
Lloyd's (re)insurer Amlin said it has agreed to buy Belgo-Dutch property and casualty insurer Fortis Corporate Insurance (FCI) from the Dutch Government for €350m.
Aon launches Terrorism Threat map
Aon Crisis Management has launched a Terrorism Threat Map following a shift in Islamist terrorist activity from the Middle East to South Asia.
AIG to sell Argentinian consumer finance operations
AIG has said that it has entered into an agreement to sell of all its consumer finance operations in Argentina.
Heritage Managing Agency renamed Argo International
Argo, the Bermudian (re)insurer, has said that Heritage, its Lloyd's managing agency, has been renamed Argo Managing Agency Ltd. and will conduct business under the brand name of "Argo International".
Insured losses from crashed Air France plane may reach $1bn
The Air France passenger plane that went missing over the Atlantic Ocean may result in $1bn of insured losses, Guy Carpenter has said, quoting the UK reinsurance press.
Senior exec resigns from Axis - sources
Richard Housley, chief executive of Axis Capital's specialty line division has resigned from the Bermudian reinsurer, Reinsurance has learned.
Key Aon Benfield broker moves to Towers Perrin - sources
Aon Benfield has seen one of its key brokers resign to go to Towers Perrin, Reinsurance has learned .
Hardy makes Bermudian appointment
The Company is pleased to announce the appointment of Paul Bailie as Managing Director of Hardy Bermuda Limited, the group's Managing General Agent in Bermuda.
AIG unit United Guaranty appoints new CEO
AIG's mortgage guaranty insurer United Guaranty has appoint Eric Martinez Jr as its new chief executive.
Reinsurance rates up 10-15% at 1/6 - Aon Benfield
Aon Benfield, the (re)insurance broker, has said that reinsurance renewals at June 1 rose 10-15%.
MMC unit sells business
Kroll, the risk consulting arm of Marsh & McLennan, said it has sold its US government security clearance screening business, Kroll Government Services, to private equity firm Veritas Capital for an undisclosed sum.
Insured value of crashed Air France plane said to be nearly $100m
The value of the Air France plane which vanished over the Atlantic may have been nearly $100m, sources told Reinsurance.
Loss adjuster unveils new Irish office
Merlin Professional Claims Services has opened a new regional office in Clarendon Dock, Belfast as part of its strategy to create up to 10 regional offices at key locations across the UK. Similar regional offices have recently opened in Leeds, Warrington…
Texas politicians unanimously approve windstorm compromise
The Texas House unanimously approved a compromise on a windstorm insurance system overhaul Sunday night, the Houston Chronicle has reported.
Florida reinsurance renewals at 1/6 up by 15%, but still lower than expected
Florida reinsurance rates jumped by a lower-than-expected 15% at the June 1 renewals.
Exit strategies
Commutation
Care costs conundrum
Catastrophic Personal Injury
Equitas solution for Lloyd's Names
Equitas has confirmed plans for the final step toward achieving its objective of delivering finality...
AM Best turns gloomy on Mapfre subsidiary
A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of A+ (Superior) and issuer credit rating (ICR) of "aa-" of Mapfre Re, the reinsurance subsidiary of Spanish (re)insurance giant Mapfre (Spain)...
Tightening of the reinsurance market expected - MMC
A further tightening of the market is anticipated as the Florida property-catastrophe reinsurance renewal comes to a close at June 1, with rates expected to be slightly higher than the 13-to-14% increase experienced at April 1, a panel of experts from…
New York Insurance Dept chief to resign
Governor David A. Paterson has said that the Superintendent of the New York State Insurance Department, Eric R. Dinallo will resign his position and become the Henry Kaufman Visiting Professor of Finance at New York University's Stern School of Business.
Argo brings over senior underwriter from Markel
Argo Pro, a specialty professional underwriting division of Bermudian (re)insurer Argo Group's Excess & Surplus Lines segment, said that Mark Brown has come on board as vice president of its environmental department.