News
Trenwick and LaSalle to merge
US based Trenwick Group Inc. and Bermudian catastrophe reinsurer LaSalle Re Holdings are to merge to ...
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Swiss Re holds second auction.
Only a few transactions were completed during Swiss Re's first week-long internet auction of catastr...
Unum quits.
UnumProvident Corporation is to stop writing reinsurance through its Lloyd's subsidiary, Duncanson &...
Madsen promoted.
Fred Madsen, executive vice-president of Nac Re's casualty division, has been promoted to the positi...
The test of time.
Reinsurers may have to show prejudice to get redress against insurers for late notice of possible losses. Peter Chaffetz and Philip Goodman report.
Floyd costs $1.8bn.
The estimated insured damage from last September's Hurricane Floyd has been revised upwards from $1....
Lock up your assets.
Protected cell companies have been catching on in Guernsey despite doubts over their legal status. Steve Butterworth reveals who is using them and why.
XL Capital's net income falls.
XL Capital's net income in the quarter to the end of September 1999 fell 2% year-on-year to $137.4m....
More retention forces change.
Reinsurance treaty volumes are falling as Europe's swelling insurance groups rationalise their progr...
Forecasters predict less hurricane activity.
US reinsurers can look forward to less hurricane activity this year than last if the early forecasts...
Ace reshuffle.
Insurance group Ace has announced two changes at its holding company, Ace Ltd, and a restructuring o...
1999 at a glance.
TABLE 1: REINSURANCE MERGERS & ACQUISITIONS - 1999 COMPANY (country) BUYER (country) ...
Reinsurers finally allowed into India.
The Indian (re)insurance sector has been opened to private domestic and foreign companies, breaking the monopoly enjoyed by the state-owned General Insurance Corporation (GIC) for over 25 years, writes Vivek Raghuvanshi.
American Re secured against cats.
American Re Securities has closed a $182m issue of catastrophe-related securities to protect America...
A life of change in Asia.
Janina Clark finds Pierre Ozendo, head of Swiss Re's Asia division, facing big challenges in South-east Asia.
A helping hand.
A campaign in the UK aims to encourage the use of rehabilitation to reduce the costs of bodily injury claims. Janina Clark reports.
Names battle on over tax.
The middle of this month should see a final ruling by the City General Commissioners in London on a ...
Max Re seeks capitalisation to open in Bermuda.
A new Bermudian reinsurer, Max Re, was due to be capitalised late last month, ready to start writing...
Marsh to pay quarterly dividend.
Marsh will pay a quarterly dividend of $0.45 per common share on 14 February to those holding shares...
Ren Re and Overseas.
Bermudian reinsurers Overseas Partners and Renaissance Re have gone into partnership to underwrite p...
ALM chief.
Anthony Young is to join the Association of Lloyd's Members next month as chief executive. He was pr...
Wrapping up the loose ends.
Schemes of arrangement have overcome many supposed obstacles to become a way of winding up solvent run-offs, says Ipe Jacob.
Paying for inattention.
In the light of Aneco Re v Johnson & Higgins, John Butler considers a broker's liability for breach of duty.