News
Benfield Corporate Risks spoils 2006 results party celebrations
(Re)insurance broker Benfield stunned the financial markets by unveiling a dismal performance from i...
Atlantic hurricane season forecast for 2007 'worst ever'
Climatologists at Tropical Storm Risk (TSR) have increased their forecast for Atlantic hurricane act...
Greenberg gets the all-clear from Starr
Former AIG boss Maurice 'Hank' Greenberg has been given a clean bill of health by a report commissio...
Guy Carpenter in Central American payments probe
Mark Geoghegan reports on broking giant Guy Carpenter's investigation into allegations of improper payments in Central America
Hannover Re completes $1.3bn Merlin securitisation
Hannover Re has claimed a first in transferring risks deriving from so-called reinsurance recoverabl...
Companies let figures do the talking
SELECTION OF 2006 RESULTSCompany Net Combined Return on ...
Validus gears up with $700m in credit deals
'Class of 2005' Bermudian start-up (re)insurer Validus has unveiled credit agreements aggregating $7...
Hannover Re's post-Praetorian plans
Hannover Re's senior management unveiled a seven-point plan following the release of its 2006 annual...
Caribbean catastrophe fund launched
The World Bank has launched a catastrophe fund to provide emergency insurance cover following an ear...
American Re-opened wounds spoil Munich Re 2006 result
Giant reinsurer Munich Re's bumper 2006 results masked substantial further reserve increases at its ...
XL authorises $1bn share buyback
Bermudian (re)insurer XL has announced the authorisation of a $1bn share repurchase programme. XL s...
White Mountains appoints new chief
Allan Waters has succeeded Tom Hutton as chief executive of Bermuda-domiciled reinsurer White Mounta...
JLT launches joint venture with broker
Jardine Lloyd Thompson and interdealer broker ICAP have embarked on a joint venture to operate in ar...
$300m payouts to Holocaust survivors
Holocaust survivors and their heirs have been awarded more than $300m in valid insurance claims foll...
China gives Lloyd's the green light
Lloyd's has received a formal licence from Chinese regulators for its new reinsurance company based ...
Lloyd's launches Malay operation
Lloyd's has opened a new subsidiary in Malaysia, Lloyd's Labuan Limited. Lloyd's chairman Lord Leven...
Tokio Marine sets up life reinsurance on Isle of Man
Millea, the Japanese parent company of Tokio Marine, has teamed up with JP Morgan to form an Isle of...
Swiss Re in legal entities restructure
Swiss Re has announced it is forming three legal entities in Luxembourg in an efficiency drive ahead...
Arch unveils $1bn buyback facility
Bermudian (re)insurer Arch has authorised the purchase of up to $1bn of its common shares through a ...
BSU revamp travel policies
BSU has made several improvements to its annual multi-trip and single trip travel insurance products.
NU steps in as plug pulled on RSA/Primary deal
Norwich Union is understood to have taken over from Royal and Sun Alliance as capacity provider to Primary Group in a five year deal.
Aon comments on TK Maxx hacking issue
Following hackers stealing the credit card details of 45 million TK Maxx customers, Aon has commented on the implications and what businesses should be doing to avoid such incidents.
Aon sees reinsurance costs flat-to-falling at 1/6, 1/7
Analysts at giant reinsurance broker Aon Re Global are predicting that reinsurance rates on line for personal lines, standard commercial lines and complex commercial lines are likely to be flat to lower during mid-year 1st June and 1st July renewals of…
London mutual to go live on 2 April
The London Authorities’ Mutual Limited is set to go live on 1 April.