News
S&P upgrades Odyssey Re's ratings.
Standard & Poor's (S&P) has upgraded Odyssey Re's rating to 'A-' (strong) from 'BBB+' (good). The ne...
Industry warms to research.
The greenhouse effect and global warming look certain to increase catastrophe losses, but (re)insurers are starting to get involved in monitoring the problem, says David Fanning.
Guy Carpenter appoints Keith Fenwick.
Keith Fenwick (right) has replaced Mark Harding as chief executive and regional manager of the UK op...
Fitch warns on cat bonds.
The first total loss for buyers of catastrophe-linked bonds could hit demand severely, even though i...
Brokers look for reform.
Marine (re)insurance brokers have noticed an improvement in the service from risk carriers, according to independent research for GE Frankona Re. Many brokers, however, still believe that there are shortcomings in the service, says the UK reinsurer's…
Swiss Re to create new credit insurer.
Swiss Re is to combine its NCM subsidiary with Gerling Credit of Germany to create a new credit insu...
Reinsurex seeks UK partner.
The property reinsurance broker Reinsurex Intermediary of New York expects to visit London this mont...
Aon becomes captive leader.
Aon is to overtake Marsh & McLennan as the world's largest captive manager with the purchase of Sins...
Moody's ratings.
Moody's has assigned 'Aa2' (excellent) ratings to Bermuda-based XL Capital's subsidiaries XL Re and ...
FSA appoints independent complaints commissioner
The Financial Services Authority has appointed Rosemary Radcliffe as independent complaints commissio...
Miller Fisher puts back preliminary results
Outsourcing group Miller Fisher has yet to set a date for its preliminary results despite the fact th...
NFU Mutual dismisses threat
NFU Mutual Insurance Society has said it will fight any attempt to take it over following reports in ...
Wellington upbeat going forward
Wellington Underwriting has recorded a slight rise in operating profit on continuing operations for ...
Equitable inquiry a cover up
Dr Vincent Cable MP, Liberal Democrat shadow trade and industry secretary, has hit out at "inquiry ov...
Groupama to move into high net worth arena
Insurer Groupama has signalled its intention to move into the high net worth market and has appointe...
Wren to acquire syndicate 429.
Lloyd's insurer Wren, part of Brit Insurance Holdings, is to acquire the right to manage syndicate 42...
Unit doubles Allison loss estimate
Insurers will have to pay $2.5bn for losses from tropical storm Allison in June this year, according ...
Domestic & General pushes ahead in Europe
Specialist domestic appliance insurer Domestic and General has reported just over a 6% increase in tu...
Chaucer predicts.
Lloyd's insurer Chaucer is forecasting improved results across the board for its syndicates for the ...
Appointment at Primary Insurance Group.
Primary Insurance Group has strengthened its account management team with the recruitment of Pete Bl...
Winds of change.
The Netherlands is seeing the introduction of new tax laws, which will have repercussions on the country's financial services sector. Jeremy Golden wonders whether the insurance industry will have the wind taken out of its sails.
SFO charges trio.
The Serious Fraud Office has charged three executives of Dublin-headquartered Merrion Reinsurance wi...
Axa Ireland trials safety motor scheme.
Axa Ireland has teamed up with Dublin-based broker O'Reilly Cullen Insurance and technology company ...
Fortis denies specific merger talks.
Benelux-based Fortis has said it plans to take a "pro-active role" in the pace-gathering process of ...