News
IRISC becomes REMI.
Insurance service provider IRISC has changed its name to Claims Management Group and created two ope...
Bermuda bids for IT supremacy.
Adrian Leonard previews the Bermuda Insurance Data Service, the market's latest electronic system.
Munich merges alternative units.
Giant reinsurer Munich Re has merged its alternative market units with that of its subsidiary Americ...
PartnerRe is hit by Georges.
Acquisitive Bermudian reinsurer PartnerRe suffered a drop in third quarter net income as Hurricane G...
All expenses paid ... or are they?
In the first case of its kind, a US jury has found that reinsurers are liable for declaratory-judgement expenses. Marvin Mohn reports.
Lloyd's opens door to captives.
Lloyd's is to admit captives from the beginning of next year following approval by its ruling counci...
Asian markets strive for recognition.
Asia has a huge maritime industry but continues to lack influence in the global arena, says Jeremy Golden. Will its response be a marine hull market to take on the world?
Trans Re promotion.
Paul Bonny has been promoted to executive vice-president of Transatlantic Holdings, the parent compa...
The International Underwriting Association.
The International Underwriting Association of London finally came into being last month when the Lon...
Floods dampen grounds for optimism.
Reinsurers at Baden-Baden received an uncomfortable reminder of the damage flooding can cause. Eric Alexander got his feet wet.
Operating on the right lines.
The multi-year, multi-line approach can improve efficiency and security, explains Lincoln Trimble.
Aon aims for Italy.
Acquisitive broker Aon is to buy Italian (re)insurance broking group Nikols Sedgwick for an undisclo...
Not so jolly roger.
Piracy is on the rise again - and shipowners and their insurers are more vulnerable than ever. Alex Beatty reports.
Tough talking in the US.
Insurers and reinsurers must manage their companies with "bifocal vision", with one eye on today and...
Terra Nova wins Moody's approval.
Bermudian and London market (re)insurer Terra Nova has been praised by rating agency Moody's for its...
Insurers fund Holocaust probe.
European insurers have established a $90m fund to provide assistance to victims of the Holocaust and...
Eckert to head CEA.
The Comite Europeen des Assurances, which represents the interests of European insurers, has elected...
P&C insurers at risk from shares.
The Japanese property and casualty (P&C) market has a much higher exposure to the stock market than ...
Capital Re examines credit card losses.
Capital Re could face heavy losses following allegations that a credit card company with which it wa...
Climate change talks "inconclusive".
The Buenos Aires round of talks on climate change held last month were largely inconclusive, accordi...
Willis goes private.
Broker Willis Corroon has returned to private ownership as the last stage in its acquisition by a co...
Aon Corporation.
Aon Corporation, the US holding company that includes giant broker Aon Group, as well as consulting ...
Balancing both sets of cover.
Does an aggregate extension clause have a role to play when the terms of inward and outward covers do not match? John Butler investigates.
Marine profits torpedoed and sinking fast.
Just three years ago the marine sector at Lloyd's was top of the class, now underwriters are struggling to break even. Alex Beatty reports.