News
Turbulent times.
Despite high premiums and low loss levels in 2002, the aviation insurance industry remains extremely volatile. Eric Alexander hears the views of the Aviation Insurance Offices' Association.
Incisive Media acquires the Risk Waters Groups.
Reinsurance is pleased to announce that its parent company, Incisive Media, has acquired the Risk Wa...
Appointment at XL London Market.
Managing agency XL London Market, a subsidiary of XL Capital, has appointed David Whiter senior vice...
Profitable start to 2003 for Ace
Bermuda-based (re)insurer Ace had a good start to 2003, announcing a first quarter net profit of $247...
Swiss Re sells remaining stake in Partner Re
Swiss Re has announced that it is selling off its remaining stake in Partner Re. It will sell 8.3m sh...
Investment reshuffle at Swiss Re
Jacques Aigrain is taking over as chief investment officer at Swiss Re, with immediate effect. He rep...
XL Capital posts bumper first quarter results
XL Capital, the Bermuda-based (re)insurer, made a net profit of $239.9m in the first quarter of 2003,...
Von Bomhard to head Munich Re
Nikolaus von Bomhard is to succeed Hans-Jürgen Schinzler as chairman of the board of Munich Re from 1...
Life loss affects Converium's Q1 results
Swiss reinsurer Converium has seen losses from subsidiary Converium Life drag its first quarter 2003 ...
Partner Re issues $250m in securities
Bermuda-based Partner Re is issuing $250m in cumulative redeemable preferred securities. The company ...
Appointment at JMD
Steve Adams has joined as director of JMD Specialist Reinsurance Services. Previously with Marsh, h...
All the right connections
As competition escalates in the premium finance sector, companies are seeking to raise service levels. Many are making the connection between technology and greater customer and broker satisfaction, as well as using creativity and flexibility to build…
Appointment at ABS
Mark O'Mara has been appointed head of IT at vehicle repairer ABS. Previously the head of IT for We...
Chubb grants Hiscox renewal rights to Continental HNW business
US insurance giant Chubb has agreed to grant the renewal rights for its Continental European high n...
Insurers must lobby Parliament
Insurers must get much more involved in lobbying government if they want to have a significant infl...
Personal shake-up time
Norwich Union's action regarding personal lines brokers (see p48) seems sensible, recognising the c...
Appointment at HPI
HPI has appointed Simon Walker as managing director. The move is designed to support the growth and...
Driving directors out of the rough
Directors and officers can find themselves in the rough as their responsibilities become more onerous and the number of claims being made against companies, for which they are ultimately liable, rise. Simon Threadgold examines the current D&O sector's…
Norwich Union adds car and house products to portal
Norwich Union has added its Just Car and Your House products to the insurE-com Portal. Both product...
There is an alternative to raising premiums in the PL cover crisis
In the article Following EL into orbit? (Post Magazine, 10 April, p16) about the growing crisis in ...
FSA rules signal focus on corporate capital
Corporate capital will come under the spotlight as a result of plans by the Financial Services Auth...
Appointment at DWF
North-west law firm DWF has recently added 11 solicitors to its teams. Claire Shortall, Karen Ashto...
Lloyd's Names refuse to give up
Lloyd's Names are determined to continue their legal spat against Lloyd's, despite losing their lat...
Aquilo enters partnership with Stochastic
Aquilo has entered into a strategic partnership with Stochastic Financial Modelling to promote the ...