News
Pakistan to consider terror pool.
The Securities and Exchange Commission of Pakistan (SECP) is expected to submit a detailed proposal ...
Enron losses uncertain.
The collapse of Houston-based energy company Enron, which filed for Chapter 11 bankruptcy protection...
E-man makes a case.
Alex Letts, chief executive of the on-line exchange RI3K, tells John Sanders why (re)insurers should introduce e-commerce into their day-to-day business.
ReBriefs - Court case against Merrion Re executives is adjourned.
The court case against three executives of Ireland's Merrion Re at Southwark Crown Court in the UK h...
RePeople - Appointment at Odyssey America Re.
Odyssey America Re has appointed Stephen Van de Graaf senior vice-president of non-traditional busin...
St Paul Re cuts to stem losses.
US (re)insurer St Paul is aiming to halve its reinsurance losses in 2002 by exiting unprofitable lin...
Big but bearable.
(Re)insurers' estimates of their losses from the terrorist attacks in the US on 11 September are large, but Robert CB Miller says that the industry, particularly the London market, can cope.
Arig provides Arig Re capital.
Arab Insurance Group (Arig) is transferring its subsidiary Arig Re into the parent company to give i...
Heed the warnings.
With their third quarter results hit hard by losses from the World Trade Centre attacks, reinsurers ...
Tough times in the US.
Janina Clark finds US renewal negotiations running late, as reinsurers demand tough conditions and price increases.
Turbulent times.
The aviation (re)insurance market has been hit by the massive losses of the past year. Stacy Shapiro predicts big changes to come out of the renewal season.
Picking up the bill.
(Re)insurers are anxious to see whether the US government will provide the industry with a financial safety net for next year's terrorism coverage. Patricia Vowinkel reports on slow progress on Capitol Hill.
RePeople - Appointment at Trenwick International.
(Re)insurer Trenwick International has appointed David Clark as a property treaty underwriter. He wa...
RePeople - Appointment at Lloyd's.
John Hamblin has taken over as active underwriter on Cathedral syndicate 2010 at Lloyd's from Elvin ...
Copenhagen Re seeks capital to resume writing.
The first European reinsurer victim of 11 September, Copenhagen Re, is seeking capital to enable it ...
Converium IPO complete.
Zurich Financial Services (ZFS) has completed its initial public offering of 35 million shares in Co...
New capacity could curb premium rises.
Capital is expected to continue to flow into the reinsurance market despite analysts' warnings that a...
France covers terror cost.
The French government is to pay terrorism insurance losses above EUR1.5bn a year, through the state-...
RePeople - Appointment at Ace.
Evan Greenberg (pictured) is the new vice-chairman of the Bermudian group Ace, with responsibility f...
Lloyd's capital sets record.
Lloyd's (re)insurance market will have a capacity of £12.3bn ($17.6bn) in 2002; the highest figure e...
Few deals are done.
October's renewals gathering at Baden-Baden in Germany was a particularly low-key affair, says Eric Alexander, with attendees focusing on terrorism concerns following the 11 September attacks in the US.
ReBriefs - Investigation of Lloyd's by US Attorney's office is
An investigation of Lloyd's by the US Attorney's Office for the Southern District of New York has cl...
RePeople - Appointment at Scor.
Romain Durand, president and chief operating officer of the life operations of French reinsurer Scor...
US courts set precedents.
Our old friend Unicover popped up again in US courts in the past year, but Michael Knoerzer, Larry Schiffer and Stephen Kennedy of law firm LeBoeuf, Lamb, Greene and MacRae also found plenty of other important judgements.