News
Standards help to light the way.
Creating insurance data standards may not seem that important to many firms, says Rick Gilman of Acord, but they need to take another look at what can be achieved.
Benfield drops its suffixes.
(Re)insurance broker Benfield has dropped its Greig and Blanch suffixes and will now simply be known...
Alea Group of Bermuda makes net profit.
Alea Group of Bermuda made a net profit of $55.8m in 2002, up from a loss of $22.2m a year earlier. ...
Regulator may still halt sale of Gerling Global.
An appeal by Germany's financial regulator against a court ruling that it could not stop a proposed ...
Insolvency law still unclear.
Firms that write both insurance and reinsurance in the UK still had, as Reinsurance went to press, n...
Liable to rise.
A shake-up in aviation liability requirements in the European Union could mean more business for (re)insurers, or a move away from commercial cover, according to Nicholas Hughes and Fernando Albino.
The ASP allows members to share resources and ideas.
Providers of services to (re)insurers could soon be sharing out work, thanks to the formation of the...
Insurance woman of the year.
Fiona Luck (left), executive vice-president of XL Capital's group operations, has been named 2003 in...
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…
No inducement.
The appeal court found that, despite allegations of non-disclosure and misrepresentation by Generali, Arig had to pay up, says John Butler.
Profit proves elusive.
There is little cause for celebration in the space market although (re)insurance rates have increased, says Vic Wyman.
The Bahrain Monetary Agency asks for comments.
The Bahrain Monetary Agency has asked for comments by 11 May on proposed rules that would allow capt...
Lloyd's fights insurers on Central Fund.
Lloyd's has started arbitration proceedings against six (re)insurers that are withholding payment fo...
Dark days.
The aviation (re)insurance market is once more up in the air, as war and terror risks remain high and international tensions rise over state aid for buyers of aviation cover, says Vic Wyman.
Ram Re completes third round of capital raising.
Bermudian guarantee reinsurer Ram Re has completed a third round of capital raising totalling $91.6m...
When minds meet.
Peter Chaffetz and Steven Schwartz consider Canada Life v Guardian and the fine line between contracts that are void and those that are ambiguous.
Asbestos reserving gaps grow.
Asbestos is driving a growing wedge between the levels of reserves held by insurers and reinsurers, ...
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.
Appointment at Manulife Re Europe.
Paul Sauve will become the managing director of Manulife Re Europe on 1 June. Mr Sauve has worked fo...
reweb - First seen on the Reinsurance website www.insurancewindow.net
- London-based insurer Wellington made a pre-tax profit of £30.9m ($48.2m) in 2002, compared with 20...
Globaltime hinges on politics.
Politics, rather than insurance, will now decide the future of a proposal for a global aviation (re)...
Home of the very brave.
It takes a strong nerve to be active in the US (re)insurance market these days - whether as a buyer ...
Converium working with group of banks.
Swiss reinsurer Converium is working with a group of banks to set up an $800m syndicated letter of c...
The ASP allows members to share resources and ideas.
Providers of services to (re)insurers could soon be sharing out work, thanks to the formation of the...