News
US to relax foreigner rule.
European reinsurers should from June find it easier to operate in the US following a recommendation ...
Lloyd's predicts £1.1bn loss.
Lloyd's expects to make a loss of at least £1.11bn ($1.6bn) for the 1999 year of account, following ...
ERC to cut 500 jobs.
GE Employers Re Corp. (ERC) is cutting over 500 jobs worldwide as part of a major restructuring. ...
Hannover Re sets up new reinsurer
Hannover Re has set up a new reinsurance subsidiary in Bermuda to write catastrophe business on a wor...
Cracking down.
As Dublin toughens up its regulation and supervision, Adrian Leonard advises (re)insurers to keep abreast of developments.
News in brief.
A UK parliamentary committee criticised heavily UK insurers over their approach to genetic testing a...
News in brief.
Sumitomo Marine Re (Europe) has been given a 'AA' (very strong) rating by Standard & Poor's. The whol...
Aviation rates start to rise.
The aviation insurance market made a loss for the fourth consecutive year in 2000, according to Grah...
Before and after.
The House of Lords has found that the duty of utmost good faith varies depending on the stage of negotiations between insurer and client, but John Butler (below) discovers that uncertainty still surrounds post-contractual duty.
Between the lines.
Jean-Jacques Henchoz tells Janina Clark how his finite reinsurance unit at Swiss Re is bridging the gap between traditional and non-traditional covers.
Willis goes public once again.
Willis, the UK (re)insurance broker taken private by buyout specialist Kohlberg Kravis Roberts (KKR)...
Zurich casts off reinsurer.
Zurich Financial Services is to spin off its subsidiary Zurich Re, which it describes as "an odd ma...
Appointment at Comite Europeen des Assurances.
Daniel Schante has been appointed secretary general and chief executive of the Comite Europeen des A...
Hurricanes likely to hit US.
The probability of a major hurricane hitting the US this year is "above average", according to forec...
News in brief.
The US property & casualty insurance sector is over-capitalised by 20-30% and the average risk-adjus...
Go for broke.
Those brokers that are already in the vanguard of alternative risk transfer are finding that the gains far outweigh the risks, says David Fanning.
A matter of timing.
Peter Chaffetz and Steven Schwartz consider who controls the clock in arbitrations.
News in brief.
Bill Walker, former president of Hannover Life Re, and Kaj Ahlmann, former vice-chairman of EW Blanc...
BMT buys Salvage Association.
The search for a purchaser for the Salvage Association, a leading marine casualty surveying organisa...
News in brief.
French insurer La Reunion Aerienne estimates paying $150m in settlement for the victims of last year...
Put the re into renewables.
Jeremy Golden predicts that (re)insurers may find a whole new source of revenue from the expansion of renewable energy.
News in brief.
Odyssey Re, a subsidiary of Fairfax of Canada, has filed for an initial public offering. The proceed...
Bridging the gap.
(Re)insurers are learning to work with financiers to reduce the risks of investing in developing countries and to make it easier to match infrastructure needs with funding, says John Sanders.
ART for everyone.
Alternative risk transfer products are gradually gaining acceptance. Janina Clark sees evolution rather than revolution in the market.