News
Munich Re.
Munich Re has increased its dividend for 1997-98 to DM 1.80 per share, up from DM 1.70. The company ...
CNA Re to grow business in Europe.
US reinsurer CNA Re is on the look-out for possible European acquisitions. Tim Madden, head of CN...
New US bank law stalls.
Financial services modernisation in the US is expected to suffer following the shock defeat of Repub...
IPC Re income halved.
The impact of Hurricane Georges has more than halved net income at Bermudian property catastrophe re...
Names force EGM over council representation.
A group of 600 Names has forced Lloyd's to call an extraordinary general meeting to vote on the futu...
Tig seeks a buyer.
Tig Holdings, parent company of Tig Re, could be sold following unexpected losses as a result of rei...
Old dogs learn new tricks.
David Fanning finds reinsurers seeking out new customers and new products as market conditions deteriorate.
Sedgwick deal closes.
Giant US broker J&H Marsh & McLennan's £1.25m ($2.1m) offer for UK broker Sedgwick (Re, November 199...
IRISC becomes REMI.
Insurance service provider IRISC has changed its name to Claims Management Group and created two ope...
Bermuda bids for IT supremacy.
Adrian Leonard previews the Bermuda Insurance Data Service, the market's latest electronic system.
Munich merges alternative units.
Giant reinsurer Munich Re has merged its alternative market units with that of its subsidiary Americ...
PartnerRe is hit by Georges.
Acquisitive Bermudian reinsurer PartnerRe suffered a drop in third quarter net income as Hurricane G...
All expenses paid ... or are they?
In the first case of its kind, a US jury has found that reinsurers are liable for declaratory-judgement expenses. Marvin Mohn reports.
Lloyd's opens door to captives.
Lloyd's is to admit captives from the beginning of next year following approval by its ruling counci...
Asian markets strive for recognition.
Asia has a huge maritime industry but continues to lack influence in the global arena, says Jeremy Golden. Will its response be a marine hull market to take on the world?
Trans Re promotion.
Paul Bonny has been promoted to executive vice-president of Transatlantic Holdings, the parent compa...
The International Underwriting Association.
The International Underwriting Association of London finally came into being last month when the Lon...
Floods dampen grounds for optimism.
Reinsurers at Baden-Baden received an uncomfortable reminder of the damage flooding can cause. Eric Alexander got his feet wet.
Operating on the right lines.
The multi-year, multi-line approach can improve efficiency and security, explains Lincoln Trimble.
Aon aims for Italy.
Acquisitive broker Aon is to buy Italian (re)insurance broking group Nikols Sedgwick for an undisclo...
Not so jolly roger.
Piracy is on the rise again - and shipowners and their insurers are more vulnerable than ever. Alex Beatty reports.
Tough talking in the US.
Insurers and reinsurers must manage their companies with "bifocal vision", with one eye on today and...
Terra Nova wins Moody's approval.
Bermudian and London market (re)insurer Terra Nova has been praised by rating agency Moody's for its...
Insurers fund Holocaust probe.
European insurers have established a $90m fund to provide assistance to victims of the Holocaust and...