News
Munich Re's ratings upgraded to 'AA-'
Standard & Poor's (S&P) has raised its long-term counter-party credit and insurer financial-strength...
Atrium launches space consortium at Lloyd's
Atrium is broadening its space coverage as part of a realignment of its underwriting activities in 2...
Hannover Re raises $106m to support risk securitisation
Hannover Re has raised a further $106m from investors to support its 'K5' risk securitisation as unv...
Advent Re given licence to trade
Advent Re has received its Class 3 reinsurer licence from the Bermuda Monetary Authority and was cap...
III sees increased US competition and capacity in 2007
US insurers have repaired their balance sheets and are lowering rates for most drivers, many homeown...
Start-ups to join IPO bandwagon
An additional three Class of 2005 start-ups have joined the rush to raise capital by floating in New...
Former director and CEO resumes lead of White Mountains
White Mountains has reshuffled its senior management, with Ray Barrette simultaneously succeeding Ja...
James to leave Lloyd's for Lockton
Julian James, director of worldwide markets at Lloyd's, is leaving the market to join broker Lockton...
UK support helps Lloyd's achieve record capacity
Limited-liability Names and UK-listed corporates have been the mainstay support in helping Lloyd's i...
Swiss Re launches new mortality bond
Swiss Re has launched a $705m mortality-catastrophe bond via vehicle Vita Capital III, the third suc...
Harbor Point launches $250m retro vehicle
Class of 2005 Bermudian start-up Harbor Point has formed New Point Re, a retro sidecar company capit...
Foreigners out!
With the door closing to non-Bermudians, Mairi Mallon reviews the explosive political rows over work permits for foreign residents
The man who turned Bob Clements down
Mairi Mallon spoke to legendary Lloyd's property underwriter Les Rock for an outline of what Bermuda's latest immigrant has in store for the $1bn Ironshore direct insurance start-up
State Farm jury's $2.5m may trouble Katrina reinsurers
A US jury has awarded $2.5m in punitive damages to a couple who sued State Farm Fire & Casualty for ...
Ace Tempest Re forms new Canada-based underwriter
Ace Tempest Re Group has formed Tempest Re Canada, a wholly owned managing underwriter that will wri...
Chilton dismisses Nymex contracts
Benfield chief executive Grahame Chilton has dismissed the forthcoming Nymex-CME 'Re-Ex Index' trada...
AM Best rates Asia Capital Re 'A-'
AM Best has assigned a financial-strength rating of 'A-' (Excellent) and an issuer-credit rating of ...
Renewals 2007: A multi-colour perspective
This year, we have divided our report on renewals into three key sections: the numbers, the answers ...
This is the week that was
A two minute look at some of the major stories reported in Post Magazine tomorrow, including Aon in liability move; mutual insurer gets thumbs up; insurers dealt twin claims blow; Liv Vic bags Britannia and UK brokers face new transparency probe. Click…
Broker bosses in Companies Act warning
Directors of insurance intermediaries were yesterday warned of the impact, and pitfalls, of the new Companies Act 2006.
FSA – recognises industry’s solution to market certainty
The Financial Services Authority (FSA)announced that the insurance industry has met the challenge laid down to achieve a solution to contract certainty in the UK. This has resulted in a more efficient market for buyers, brokers and insurers and brought…
Marsh hires client service manager for Japanese business
Marsh has appointed Rob Wendin to lead its Japan client services team in Europe, Middle East and Africa.
Florida governor imposes rate cap
An emergency rule forcing property insurers in Florida to freeze rates has been approved.