News
Rebriefs - Swiss Re New Markets.
Swiss Re New Markets has launched forced outage insurance for North American power generators. The c...
US Congress looks at pool.
The US Congress was expected to decide by this month between a property and casualty terrorism reins...
Fraud no defence.
John Butler finds that not every case of dishonesty by an assured allows the insurer to avoid the policy or to reject a claim.
Crisis brings change.
Bermuda is already seeing the effects of 11 September as new companies are formed and existing companies deal with major losses and contemplate raising more capital. Janina Clark reports.
Joining forces.
Reinsurers are seeking capital and access to new markets and banks are interested in investment opportunities. David Fanning finds out whether the future lies in link-ups between the two.
Rebriefs - Max Re Capital.
Bermudian reinsurer Max Re Capital has approved the repurchase of up to $40m of its common shares, t...
Rebriefs - The Comite Europeen des Assurances.
The Comite Europeen des Assurances has received first responses to its questionnaire on terrorism co...
Appointment at The St Paul Companies.
The St Paul Companies has appointed Jay Fishman to succeed retiring chairman and chief executive Dou...
Appointment at RK Carvill.
Jonathan Turnbull has been appointed chief financial officer of reinsurance broker RK Carvill. He wa...
Converium starts up.
Zurich Re has begun operating as a stand-alone business under the name Converium as a prelude to its...
Captivating once more.
The search for alternative cover following the US terrorist attacks is likely to result in a reversal in the decline in Bermuda's dominance of the captive market, predicts Mairi Mallon.
Rebriefs - Miller Insurance.
Miller Insurance is offering stand-alone terrorism insurance following the 11 September attacks. The...
US checks Lloyd's.
US regulators are to investigate the financial health of the Lloyd's market, as a condition of a temp...
Ins-sure plans repository.
Ins-sure, the London market processing and claims settlement company, plans to have an electronic da...
Rebriefs - St Paul.
St Paul has officially opened a representative office in Beijing, China to liaise with regulators an...
Explosion at fertiliser plant in Toulouse.
An explosion at a fertiliser plant on the outskirts of Toulouse, southwestern France, on 21 Septembe...
Arch sets up $1bn reinsurer
Arch Capital of Bermuda is to set up a new reinsurer capitalised at $1bn. The insurance and financi...
Rebriefs - Royal & SunAlliance.
Royal & SunAlliance (RSA) has temporarily suspended its inwards reinsurance underwriting while it re...
More signs of life appear.
Restructuring in the world's (re)insurance sector is boosting the attraction of Bermuda as a home for life reinsurance, says Patricia Vowinkel.
Appointment at PartnerRe.
John Davidson has been made chief investment officer of Bermudian reinsurer PartnerRe and president ...
Rebriefs - The Axa Group.
The Axa Group is aiming to reduce its administrative expenses by 10%. Axa said it plans to cut its c...
Attack losses 'disappear'.
Up to $6bn of the losses from the 11 September attacks could 'disappear' from (re)insurers' financia...
Caribbean seeks reinsurance cut.
The Insurance Association of the Caribbean (IAC) is to try once more to get its insurer members to r...
Rebriefs - The International Underwriting Association of London.
The International Underwriting Association of London expected a new cyber liability working party to...