News
Fenelon to invest.
US Re's merchant banking arm, Fenelon Ventures, has made a further call for reinsurance and related ...
Brown joins BSX.
Former president of Centre Solutions David Brown has been appointed non-executive chairman of the Be...
Better than a cure.
The World Bank's ProVention Consortium aims to increase the penetration of insurance in emerging markets and to reduce the human and economic cost of natural disasters in the developing world. Cameron Andrews reports.
Rising costs of natural and man-made disasters.
Catastrophes are becoming far more devastating and costing insurers much more, according to Swiss Re...
RAA widens intake.
The Reinsurance Association of America (RAA) is to expand its affiliate class of members - which is ...
CNA to sell life business.
US insurer CNA has put its life insurance and reinsurance operations up for sale in a move to focus ...
US state plan criticised.
Three US congressmen have called for a halt to a plan for a government catastrophe reinsurer, claimi...
Pado promoted.
Michael Pado (pictured) has become president of Axa Re Life, the New York-based subsidiary of the Ax...
Sydney Re v-p.
James Haggerty has been appointed vice-president and manager of the accident and health operations o...
Jardine Lloyd Thompson benefits from ART boost.
Jardine Lloyd Thompson (JLT), the UK-based broker, has reported a 60% increase in its revenue from a...
Amlin announces profit.
Amlin has announced a profit after expenses on the syndicates of its two Lloyd's managing agencies, ...
Doomed to distinction.
QBE is one Australian reinsurer determined to avoid extinction. Bob Grant, general manager of its European Operations, tells John Sanders his strategy for success.
Watson Wyatt opens.
Consultant Watson Wyatt has launched a new insurance practice in Ireland. Michael Murphy, a senior c...
Ace sells ESIS.
Ace Europe has sold ESIS International, its marine survey subsidiary, to Cargo Solutions. Cargo Solu...
Sale of Brazil's state-owned reinsurer.
Reinsurers hoping for a stake in Brazil's reinsurance market had more than the carnival to celebrate...
Lloyd's syndicate for Copenhagen Re.
Copenhagen Re is to launch a Lloyd's syndicate later this year to write annual premiums of over £40m...
Signet Star quits Latin America.
Low rates and high losses have forced US reinsurer Signet Star Re to pull out of Latin America and t...
Scor opens in China.
Scor has opened a representative office in Beijing. The French reinsurer, which has written treaty a...
Wren-managed syndicates made losses.
Two out of the five Wren-managed syndicates made losses in 1997, the Brit Insurance subsidiary has a...
US insurer pays £1bn for Gartmore
Ohio-based insurer Nationwide Mutual has outbid CGU to buy fund manager Gartmore. It has agreed to ...
New syndicate for Copenhagen Re
Copenhagen Re will launch a Lloyd's syndicate this October, expecting annual written premiums of over...
GE and Prudential in £10m Internet investment
GE and the Prudential have led a £10m investment in Vavo.com, the European portal aimed at the over 4...
Claims costs hit Munich Re
The reinsurers in the Munich Re group recorded their worst year ever last year, according to provisio...
Fortis launch date.
Fortis Insurance is formally launched on Monday with a raft of new products for brokers. The new UK ...