News
Appointment at Colemont Global Group
Jorma Hanoken has been named managing director of Colemont Global Group's new Finland-based insuranc...
Appointment at Sequel Business Solutions
Jerry Adley has been made account development manager at Sequel Business Solutions. Mr Adley has mor...
Appointment at Distribution Technology
Tony Kennedy and Paul Chedzey have joined Distribution Technology's client management team as client...
RenRe first-quarter 2006 profits up
RenaissanceRe Holdings has announced that it made $195.7m in first-quarter operating income, up on t...
Controversial UK ruling saves insurers "tens of millions of pounds"
In a controversial ruling, the House of Lords, the UK's highest court of appeal, has decided to cut ...
Swiss Re funding for GEIS purchase on track to go forward
Swiss Re has stated that it is on track to complete its external financing for the acquisition of GE...
AIG Q12006 income hit by charges
American International Group (AIG) has announced that its net income for the first three months of 2...
Validus goes for 75% Q/S with new sidecar
Class of 2005 start-up Validus Re has announced that it has done a two-year sidecar collateralised q...
Liberty Mutual hit by Spitzer lawsuit
New York Attorney General Eliot Spitzer has filed a lawsuit against Liberty Mutual, alleging that th...
Chanchu pounds coast of South China
Southern China is clearing up after Typhoon Chanchu swept along the coast. The typhoon came ashore ...
RMS hurricane model re-certified for Florida
Risk Management Solutions (RMS) has announced that the Florida Commission on Hurricane Loss Projecti...
Fitch says new catastrophe risk an-alysis ups capital needs by 5-15%
Insurers with catastrophe exposures are facing a possible 10% increase in their overall capital requ...
Cat bonds - you've never had it so good
Mark Geoghegan predicts that 2006 will be a high-water mark for this form of high finance
D&O rates continue to slide, as shown in Willis Index
Directors' and Officers' (D&O) liability insurance rates in the London market were largely unaffecte...
PXRE storm losses prompt lawsuits
A class action has been filed against PXRE alleging that the company misrepresented its losses from ...
Max Re faces Nasdaq de-listing due to finite probe
Max Re Capital has tentatively announced its results for the first quarter of 2006, stressing that t...
JLT expands into China insurance market
Jardine Lloyd Thompson (JLT) has commenced operations as an insurance and reinsurance broker across ...
US securities class action settlements rising
The number of securities class actions filed in the US against foreign companies in 2005 fell by 34%...
PXRE hangs on by slim thread as 65% of business lost
Reporting first-quarter results, Jeffrey Radke, president and chief executive of troubled Bermudian ...
Half of insurers ready for Solvency II
The majority of European insurers believe that Solvency II will improve their companies' risk- and c...
Hannover Re happy with Q1 performance
Hannover Re has expressed 'considerable satisfaction' with its start to the new financial year. "Wit...
Moody's gives Odyssey a stable outlook
Moody's Investors Service has revised its rating outlook for Odyssey Re Holdings, and its rated insu...
Market association formed by legal expenses insurers
The Legal Expenses Insurance Group has been established by a number of leading legal expenses insurers and intermediaries. In a statement today, the LEIG said it will "protect and advance the rights of claimants to justice and fair levels of compensation…
AMG acquires Sigma Claims Solutions
Loss adjuster Ashworth Mairs Group has acquired Sigma Claims Solutions, the company’s first purchase, seven months after a management-buy-out in October 2005.