News
Ace buys more Lloyd's capacity.
Acquisitive Bermudian insurer Ace has bought all the ordinary share capital of Limit (No.9) Ltd, a c...
Winning on aggregate.
John Butler explodes the myths about aggregate extension clauses, which began in the first half of the century with the 'Coca Cola clause'.
Hoping for a new dawn in the East.
The development of political and social structures in the Far East is being impeded by the current financial crisis in the region, with further growth under serious threat. Martin Stone reports.
Insurers invest in Stockton Re.
Three insurers have taken a stake in Stockton Holdings, parent of Bermuda-based specialty reinsurer ...
New Lloyd's agency.
Omega Underwriting Agents, a new Lloyd's managing agency, has been formed to manage syndicate 958, w...
Bombs away?
Alex Beatty finds out how the prospect of peace in Northern Ireland is affecting the UK terrorism insurance market.
Lloyd's settles dispute.
Lloyd's has agreed an out-of-court settlement with Richard Rogers, the architect of its 1 Lime Stree...
From unrest to settlement.
One man's political instability is another's commercial opportunity. Paul Davidson surveys the political risk (re)insurance market.
No peace for Names.
Lloyd's Names have had a rough ride over recent years. Massive losses and acrimonious court cases we...
Litigation to the point of excess.
Three recent cases illustrate confusion over the role of excess carriers in litigation, says Linda Dakin-Grimm.
Concentrating on capacity.
Lloyd's corporates can now do bilateral deals outside the traditional capacity exchange auctions to consolidate their portfolios. Robert C.B. Miller explains how.
New IIL officers.
The Insurance Institute of London has elected Dieter Losse, deputy chairman of reinsurance broker Be...
Jersey Commission.
Jersey has established its own Financial Services Commission to oversee the regulation, development ...
New Axa Re CEO.
Adrian Ballardie has become managing director and chief executive of Axa Re UK. He has been with Axa...
CCR buoyant despite drop in state income.
Decreased state-guaranteed reinsurance business checked premium income at French reinsurer Caisse Ce...
JLT Re changes.
Reinsurance broker Jardine Lloyd Thompson Re has appointed John Lloyd as chairman and Michael Brookm...
Salvage Association seeks change.
The Salvage Association will have to go to the Privy Council to seek changes to its charter and rule...
India to allow foreign stakes.
India's coalition government appears to have come round to the view that foreign companies should be...
An industry in revolution.
New pockets of instability worldwide have meant new opportunities for political risk insurers, and the market is strengthening, says Kit Brownlees.
US boost for Munich Re.
The world's largest reinsurer, Munich Re, saw profits soar by 65% to more than DM 1.1bn ($600m) in 1...
Living on the edge of the Asian danger zone.
Australia's insurance industry remains relatively healthy, despite the proximity of the Asian financial crisis. Jeremy Golden reports.
Shareholders approve dividend payment.
Shareholders of Swiss Re approved a dividend payment of SF 44 ($29) per share at the company's annua...
AmRe consolidates services arms.
American Re is forming a subsidiary, Am-Re Global Services, to bring together its worldwide reinsura...
Ruling on the waves.
Fears of an underwriting dilemma caused by non-compliance with the new ISM code appear to have been unwarranted, says Eric Alexander.