News
Gib insurer to start writing ATE
Gibraltar-based Litcomp will start writing after-the-event insurance this month, following the compl...
West: call to cut preparation costs
Last week's Claims Club meeting looked at the progress of the Irish Personal Injuries Assessment Board, the Compensation Bill and claims representation within the Association of British Insurers
Domestic and General increase
Domestic and General has reported total group turnover grew by 11.25% to £124.6m in the first six mo...
Hurricane loss damage - Brit unveils extent of hurricane losses
Brit Insurance Holdings has announced that claims arising from Hurricane Wilma, net of reinsurance r...
SEC accounting probe provokes RenRe staff resignations
RenaissanceRe Holdings has announced the resignation of James Stanard, chairman and chief executive,...
Converium restates profits
Converium has announced that it is to restate its profits as it carries out an extensive internal re...
EU reinsurance directive approved
EU reinsurance directive
Montpelier Re reveals massive hurricane losses
Montpelier Re Holdings has reported a net loss of $875.1m for the three months to 30 September 2005,...
TRIA bill - US Senate passes TRIA extension bill
The US Senate has passed a bill to continue a programme of federal guarantees to cover losses from t...
New reinsurers - Bermuda reinsurer deluge continues
Bermuda hedge fund management company West End Capital is about to launch a new reinsurer, Flagstone...
Offshore reinsurance - Greenlight Capital Re arrives in the Cayman Islands
Investment manager Greenlight Capital has formed a new offshore reinsurance company, Greenlight Capi...
Ratings review - Rating agencies downgrade RenRe
Moody's Investors Service has lowered the senior debt rating on RenaissanceRe Holdings to Baa1 from ...
Moody's report weighs impact of Hurricane Wilma
Moody's has published a new report concluding that the add-on losses of Hurricane Wilma - one of the...
Underwriting team - Amlin Bermuda announces team
Amlin has announced that the underwriting team for its new $1bn Amlin Bermuda operation will be head...
Start-ups beware: does GE know something you don't?
Mark Geoghegan thinks that Swiss Re's purchase of GE Insurance Solutions (GEIS) shows that a soft market could reassert itself much faster than anyone currently imagines
New start-ups
Here is the full list of start-ups so far: BAAAFHHLNVCCG A stream of new start-up reinsurers, includ...
Asbestos agreement - Equitas agrees deal with GM
Equitas and General Motors Corporation have reportedly reached a comprehensive settlement agreement....
Ratings thumbs-up for Bermudian reinsurer New Castle Re
AM Best has assigned a financial strength rating (FSR) of A- (Excellent) and an issuer credit rating...
AIG delays report after discovering $500m hole in accounts
American International Group (AIG) has announced it will delay the filing of its Form 10-Q for the q...
Company relocation - Hiscox mulls over Bermuda move for parent company
Hiscox, one of the leading players in the Lloyd's market, is considering moving its parent company t...
Company acquisition - New Bermuda reinsurer to pick up Chubb business
Stone Point Capital has formed Harbor Point, a global reinsurance company that will be based in Berm...
Swiss Re acquires GEIS
Swiss Re has agreed to acquire GE Insurance Solutions (GEIS), the fifth largest reinsurer worldwide,...
US reviews national catastrophe insurance
US Catastrophe insurance summit
APRA paper discusses standards reforms
General insurance reform proposals