News
Scor ups its stake in IRP.
French reinsurer Scor plans to increase its stake in its Dublin-based retrocession vehicle, Irish Re...
Munich Re happy with capital.
Munich Re said it had no further plans to raise capital beyond last month's EUR3bn ($3.2bn) and £300...
No inducement.
The appeal court found that, despite allegations of non-disclosure and misrepresentation by Generali, Arig had to pay up, says John Butler.
Appointment at Zurich Financial Services of Switzerland.
Zurich Financial Services of Switzerland has appointed a new global head of group reinsurance. Thoma...
Ram Re completes third round of capital raising.
Bermudian guarantee reinsurer Ram Re has completed a third round of capital raising totalling $91.6m...
Diary.
MAY 2003 4-7 ISO 2003 PCS Catastrophe Conference Florida, US Insurance Services Office +1...
Chiltington Intrnational opens office in Chicago.
(Re)insurance consultancy Chiltington International has opened an office in Chicago, headed by Perry...
Appointment at Equitas.
Scott Moser became managing director of Equitas, the Lloyd's run-off company, on 1 April, and will s...
Appointment at GE Employers Re Corp.
GE Employers Re Corp. (ERC) has appointed Darren Harris claims director of its Canadian life and hea...
Reinsurers still keen for a taste.
The Japanese market may be a tough one, but foreign reinsurers continue to show an interest in it, says Jeremy Golden.
Mind the gaps.
With significant restrictions on the terrorism coverage offered under TRIA and massive hikes in premiums and deductibles across the board, the life of a US risk manager is far from easy. Janina Clark reports on the big issues discussed at last month's…
More hurricanes on the way.
Hurricane activity in the coming season is likely to be higher than the average, according to both t...
London-based (re)insurer Brit sees premiums grow.
London-based (re)insurer Brit saw its gross written premiums grow 77% over 2001 levels to £662.7m ($...
ERC given full licence to operate in South Korea.
GE Employers Re Corp. (ERC) has become the fourth foreign reinsurer to be given a full licence to op...
The FSA seeks comments on proposal.
UK regulator the Financial Services Authority (FSA) is seeking comments by 16 July on its proposals ...
Fast forwarding finality.
Business in run off has traditionally stumbled on for years, but industry insiders are optimistic that changing attitudes and new approaches are speeding up the process. As John Sanders explains, finality is increasingly seen as a realistic goal rather…
Sirius returns to profit in 2002.
Swedish reinsurer Sirius returned to profit in 2002, making a pre-tax profit of $11m after a $76m lo...
First-quarter 2003 catastrophe losses in the US.
First-quarter 2003 catastrophe losses will cost US property and casualty insurers a total of $1.46bn...
Chubb unlocks record profit
US-based reinsurer Chubb made a record profit of $224.6m in the first quarter of 2003, a 13.3% increa...
Appointment at Manulife Re Europe.
Paul Sauve will become the managing director of Manulife Re Europe on 1 June. Mr Sauve has worked fo...
Goshawk adds to the capital of Goshawk Re.
London (re)insurer Goshawk has added $65m to the capital of its Bermudian reinsurance arm Goshawk Re...
Willis plans further stock sale.
Broker Willis Group is planning a possible sale of up to $500m of securities. The firm, which tra...
Appointment at JMD Group.
Steve Adams has joined JMD Group as the director of JMD Specialist Reinsurance Services. He was prev...
Asbestos reserving gaps grow.
Asbestos is driving a growing wedge between the levels of reserves held by insurers and reinsurers, ...