News
Sirius posts positive results
Sirius Group today announced its Interim Results for the six months ended 30 June 2001 showing a 12.3...
Lloyd's predicts loss of £1.3bn
Lloyd's has estimated its net exposure from the 11 September US attacks at £1.3bn ($1.9bn). The est...
AIG offers aviation cover
American International Group (AIG) is to lead a consortium to offer aviation war risk and hijacking l...
Lloyd's puts figure on US attack losses
Lloyd's has estimated its net exposure from the 11 September US attacks at £1.3bn ($1.9bn). The est...
Ace increases estimate to $550m
Ace has increased its estimated exposure to the impact from the September 11th terrorist attacks from...
More woe for SVB
Lloyd's insurer SVB has posted an operating loss of £37.1m for the first six months of the year, and ...
Hiscox expects £20m hit
Hiscox said it expected the World Trade Center tragedy to cost £20m when it unveiled its interim resu...
Lloyd's downgraded despite "manageable" estimates
Ratings agency A.M. Best has downgraded Lloyd's market rating, from A (Excellent) to A- (Excellent), ...
Asian market is looking up.
Jeremy Golden advises (re)insurers to look carefully into the opportunities that are materialising in Asia's healthcare markets.
Ace Tempest Re recruits three underwriters.
Ace Tempest Re, the reinsurance arm of Bermuda's Ace Group, has recruited three underwriters in Lond...
Income remains static.
The need for substantial rate increases was implicit in the presentation on marine premium income by...
Zurich Re sticks to flotation plan.
Zurich Financial Services still plans a stock market flotation of Zurich Re by the end of this year ...
Rates rocket in the aviation market.
Airlines faced huge increases in premiums after underwriters gave them seven days' notice of cancell...
New angle on control of risk.
A 1993 truck factory fire sparked off greater awareness of risk assessment in Russia, but risk management still has a long way to go, discovers Adrian Leonard.
Agent power is disputed.
Expect more reinsurers to go to court with claims that their agents exceeded their authority, say Peter Chaffetz and Steven Schwartz.
Danish Re gives up on plan.
Danish Re has given up on its plan to merge its Lloyd's operations with Newmarket Underwriting. The ...
US moves to set up pool.
The terrorist attacks in the US on 11 September look likely to lead to the US government proposing a ...
Euro will give cargo a lift.
Transport underwriters should view the introduction of the euro in 12 European countries in 2002 as ...
Dignity in adversity.
Last month was undoubtedly one of the most difficult and traumatic the (re)insurance world has ever ...
Carvill America's new office.
Treaty reinsurance broker Carvill America is setting up an office on the west coast of the US. It ha...
Cyber risk could be a hit.
(Re)insurers are having to learn fast to cope with the complex demands thrown up by the fast-growing cyber risk markets, says David Fanning.
Money in the bank.
Banks may traditionally have been seen as the enemy, but reinsurers are finding that links with them can prove lucrative. David Fanning looks at some effective marketing alliances.
Oracle Re to cease operations.
Bermudian reinsurer Oracle Re is to cease operations and commute all its reinsurance agreements. Ora...
Appointment at XL Capital/Risk Management Solutions.
Gerling Group Financial Products Europe has lost at least three of its seven-strong London team. Man...