News
Scor stays in the black as income takes a plunge.
Scor's net income fell by a third in 1999, but despite the drop and a deficit of EUR89m ($85.8m) on ...
Record arbitration year.
Arbitration helped to resolve more than $1bn of property/ casualty insurance and self-insured claims...
Weight of evidence.
John Butler examines the issues surrounding the use of extrinsic evidence to support contract wordings that arose in the case of Kenecott Utah Copper Corp. & Others v Cornhill Insurance.
DIMA goes on-line.
The Dublin International Insurance and Management Association (DIMA) has launched a website to help ...
St Paul strengthens.
To cope with increasing business activity, St Paul Re has enlarged its non-traditional underwriting ...
Lat Am Re rated.
Latin American Re has been assigned 'A-' (strong) counterparty credit and financial strength ratings...
Be prepared.
Some insurers are still slow in responding to emerging risks. Among those who realise their potential impact, Adrian Leonard finds two clear courses of action: underwrite with the help of experts or exclude.
Adding value.
Cameron Andrews spent a day with St Paul Re and Swiss Re to experience the working life of an actuar...
Information interchange.
Internet technology is providing reinsurers with ways to share information both internally and externally. Roger Crombie reports.
Be in it to win it.
Entries for the British Insurance Awards must be submitted by 14 April, so anyone with a reinsurance...
Max Re hits $400m mark.
Bermudian start-up reinsurer Max Re had raised over $400m towards its target capitalisation of $600m...
Tiller's new track.
Life insurance veteran John Tiller (pictured) has been promoted to president and chief operating off...
Arig Re reports losses.
Bahrain-based Arig Re has reported underwriting losses of $104.9m for 1999 and a claims ratio of 147...
Lloyd's North American success.
Lloyd's was facing its final battle with Names in the UK courts last month (see comment on p5), but ...
Farming Partners.
Bermuda-based PartnerRe has expanded its agricultural reinsurance services with the addition of a te...
Virgin interest.
The British Virgin Islands proved popular as a captive location last year, issuing licences to 50 pu...
XL holding company for London.
Bermudian insurance group XL Capital is putting its (re)insurance operations outside the Americas an...
Gallagher wins control of Australian broker.
The slump in the Australian reinsurance market has led to the sale of 60% of the local, privately-ow...
Weathering the final storm.
Lloyd's is once more facing the unwelcome glare of intense national media interest now that the fina...
Odyssey loses Stirling suit.
New York reinsurer Odyssey Re has had its lawsuit against Bermuda-based broker Stirling Cooke Brown ...
On-line rating.
Scor has launched an internet-based system to help insurers evaluate commercial risks. Adrian Leonard looks at the considerable interest Astre has generated.
ESG set to sell stake in ailing healthcare division.
Bermuda-based ESG Re, which has reported a $42m net loss for 1999, is looking to sell a stake in the...
Fenelon to invest.
US Re's merchant banking arm, Fenelon Ventures, has made a further call for reinsurance and related ...
Brown joins BSX.
Former president of Centre Solutions David Brown has been appointed non-executive chairman of the Be...