News
Munich American Re upgraded.
Rating company AM Best has removed life reinsurer Munich American Re from review and upgraded its fi...
Natural losses set to rise.
Losses from natural catastrophes will continue to rise as the number of events increases, predict th...
Non-events a possibility.
An occurrence is likely to be the same as an event, says John Butler. However, either could have different meanings in facultative reinsurance and catastrophe excess of loss cover.
Winterthur Re downgraded.
Rating company Standard & Poor's has downgraded its counterparty credit and insurer financial streng...
Corifrance shuts London contact office.
Paris-based Compagnie de Reassurance d'Ile de France (Corifrance) has shut its London contact office...
Confidence lifts Lloyd's capacity.
Capacity at Lloyd's has risen by £1bn ($1.48bn) for this year to £11.06bn, the biggest annual increa...
Lloyd's associations to merge.
Four Lloyd's market associations are to merge under the existing umbrella organisation the Lloyd's M...
Judging our genes.
The UK's decision to allow life assurers access to genetic test results for Huntingdon's disease sparked widespread criticism. Keith Sankey reports.
Getting out on top.
Ipe Jacob of Grant Thornton argues that solvent schemes of arrangement are often the best and most logical option for owners of (re)insurance entities or portfolios that have ceased to underwrite new business.
Bermuda to cut tax take.
The amount of payroll tax levied on international businesses in Bermuda is to be reduced by millions...
Clark joins CNA.
CNA Re has appointed David Clark vice-president of international treaty business, based in London. M...
Amlin secures support.
Insurer Amlin has secured £50m ($74m) of syndicated Letters of Credit to support its growth in under...
XL rebrands reinsurance.
Bermudian insurance group XL Capital is creating a global brand - XL Re - for its reinsurance operat...
Internet trading battle begins.
An internet-based reinsurance trading system set up by Gothaer Re of Germany has gone live in compet...
Balancing the balance sheet.
Adrian Leonard finds that financial reinsurance can do far more than just help companies meet their solvency targets.
Transatlantic buys 40% stake.
US company Transatlantic Re has bought a 40% stake for $30m in Kuwait Re, which writes mainly proper...
When worlds collide.
Peter Chaffetz and Steven Schwartz examine the conflicts between federal and state arbitration law.
Market looks up.
The US reinsurance market is on the mend. Adrian Leonard looks at pricing trends, the balance of payments and where $2.3bn of new premium came from.
Axa signs £60m Northern Rock deal
Axa has secured a further four year contract worth an estimated £60m with mortgage bank Northern Rock...
Lloyds ups bid for Abbey National
Lloyds TSB, which has a substantial general insurance operation, has bid £19.8bn for Abbey National. ...
Ex-employees in smear campaign
Disaster recovery company Belfor-Relectronic has accused ex-employees of mounting a dirty tricks camp...
Church captive for Bermuda
The African Methodist Episcopal (AME) Church is to channel all its worldwide insurance throught its o...
Roberts takes over at Thatcham
Peter Roberts has been appointed the new chief executive of Thatcham, the automotive research body. H...
Hiscox-Chubb talks collapse
Hiscox has rejected the approach by US insurance giant and shareholder Chubb to acquire the company, ...