News
Sorema sets up in London.
French reinsurer Sorema, part of the Groupama-Gan group, is to open a London branch office. Alexi...
BT sells out to Rhine Re.
Bankers Trust is to sell its insurance units to Rhine Re, the Switzerland and Bermuda-based reinsure...
College of Insurance.
Maurice (Hank) Greenberg, chairman of American International Group, has been named 1998 Insurance Le...
Bonnie losses.
Preliminary estimates from the Property Claim Services unit of the Insurance Services Office put dam...
News of Eagle Star Re's future imminent.
Speculation surrounding London market reinsurer Eagle Star Re looked set to be silenced with an anno...
SPS capital boost.
French reinsurer SPS Re, a subsidiary of Axa Re, has had its paid-up capital increased by a Fr 149m ...
Appointment at CCR.
Jean-Paul Lasserre has been appointed executive vice-president of the Caisse Centrale de Reassurance...
No way out of price spiral, says S&P.
Reinsurance rates are expected to fall by 5-10% in almost all lines of business this year, according...
Victoria profits up.
German reinsurer Victoria Re - part of Munich Re's Ergo insurance group - boosted profits from DM 3....
Appointment at Hartford.
David Robb is to head the reinsurance operations of The Hartford Financial Services Group when John ...
Cologne Re in good health.
Strong growth in life and health reinsurance business boosted the performance of German reinsurer Co...
London loses its flagship position.
Japan became the world's largest marine insurance market by premium volume in 1996, knocking London ...
King leads buyout of African broker.
Reinsurance broker Peter King has led a management buyout of Christchurch-King, the specialist Afric...
Zurich Re buyout under way.
The proposed management buyout of the Zurich Group's London reinsurance subsidiary (Re, September 19...
Canadian chill.
Reinsurers will foot the bill for two thirds of the C$1.4bn ($0.9bn) cost of last January's Canadian...
US P&C income drops as cats bare their claws.
Greatly increased catastrophe losses caused the net income of the US property casualty industry to s...
Tig Re downgraded.
US reinsurer Tig Re has had its Standard & Poor's insurer financial strength rating lowered from AA-...
Appointment at Odyssey Re.
Jan Wangard is to become chief executive officer of Odyssey Re London with effect from next year, fo...
Appointment at LPC.
Joe Knoblauch has been appointed director of finance for the London Processing Centre (LPC), where h...
Thinking global, acting local.
Adrian Ballardie, head of Axa Re UK, tells Janina Clark about his preparations for a harder UK market.
Red ink to appear in Lloyd's results.
Over a quarter of syndicates underwriting at Lloyd's stand to make losses in 1998 and 1999, accordin...
Appointment at Guernsey Financial Services Commission.
David Johnstone has been named adviser to the director of insurance at the Guernsey Financial Servic...
Hiscox opens City cafe.
Hiscox, the London-based insurer, has opened a cafe in the City featuring the works of contemporary ...
Aviation faces a long haul.
Steve Breen of Risk Capital Re sees tremendous aviation industry growth on the horizon, but wonders if insurers will profit from it.