News
Aviva changes not-for-profit range
Aviva has launched its modified charity package for the not-for-profit sector.
Second graduate intake starts at Cunningham Lindsey
Cunningham Lindsey has picked five new trainees out of more than 500 applicants for the second year of its graduate recruitment programme.
S&P: Capital balance must be struck
Mark Coleman, analyst at Standard & Poor's, has told Reinsurance that while the ratings agency encourages strong capital reserves, there is a balance that must be struck.
Aon Benfield predicts key considerations for (re)insurers in 2010/11
Inflation and pricing are key considerations for (re)insurers in 2010/11, according to Aon Benfield, which released its 2010 Insurance Risk Study, quantifying systemic risk across the global insurance industry.
PWC: Expect more solvent schemes
At the Monte Carlo rendez-vous, Pricewaterhouse Coopers told delegates it expects the number of insurers and reinsurers entering solvent schemes to grow.
Quinn: sale "not impacted" by UK decision
Quinn has responded to the Central Bank and Financial Regulator’s decision today not to allow its insurance business to re-enter the UK commercial lines market.
Markel extols value of ECF
A pilot project led by Markel International has found the time taken for lawyers to recover fees from insurers can be "slashed" using the Electronic Claims File system.
Reinsurance capital set to become more accretive than ever at January 2011 renewals
Aon Benfield has released its 2011 Reinsurance Market Outlook report, which reveals that, despite regionally significant catastrophe events thus far in 2010, the supply of reinsurance capital continues to grow at a faster rate than insurers’ demand for…
Mutual warns of rise in sheep rustling
Cornish Mutual has warned the high price of lamb could lead to a marked increase in claims for sheep rustling.
Report finds "convergence" between Lloyd's and Bermuda markets
Lloyd’s and Bermuda represent distinct and different approaches to underwriting, but that their work practices and risk evaluation methods are showing signs of convergence.
Randall & Quilter buy from Guy Carpenter
The Board of Randall & Quilter has announced that, subject to regulatory approval, the group has agreed to acquire the Reinsurance Solutions Limited businesses’ from Guy Carpenter and Marsh for $10m in cash.
IFB extends Cheatline facility
The Insurance Fraud Bureau has increased the operational capacity of its Cheatline facility.
Cooper Gay partners with UMACS
Cooper Gay has entered into a partnership with Underwriting Management and Actuarial Consultancy Services to provide quantitative reinsurance reviews and capital modelling services to Cooper Gay’s clients.
“Need for improvement in insurance regulation” Swiss Re warns
A study from reinsurer Swiss Re has found that despite the insurance industry's performance during the financial crisis, the turmoil exposed “flaws” in the way insurers are regulated.
Fineos release softens impact of ECF2 delays
Fineos Corporation, a provider of core software solutions for London Market, insurance and government social insurance, today announced the launch of a range of enhancements to its claims solution, in the face of the stated delay in the launch of the…
Glacier Re CFO resigns
Glacier Reinsurance has appointed Andreas Zdrenyk to the position of chief financial officer with immediate effect.
Guy Carpenter: carriers “sacrificing” long term returns
During the firm’s third annual briefing in Monte Carlo, Henry Keeling, president and CEO of Guy Carpenter’s international operations, led a panel discussion on key industry issues, including determining the best use of excess capital in today’s…
AM Best upgrades Scor rating
AM Best Europe has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit ratings to 'a' from 'a-' of Scor and its subsidiaries.
GC launches global P&C report
Despite spiralling losses, global reinsurance rates generally declined through the 2010 reinsurance renewals, according to Guy Carpenter.
Lloyd's chief calls on industry to engage with regulators
Lloyd’s chief executive Richard Ward has called for the reinsurance industry to take active role in regulatory debate.
WCM appoints independent non-executive
Lloyd’s managing agent, Whittington Capital Management, has appointed Jim Ramage as an independent non-executive director.
Hannover Re to "benefit" from Solvency II
Property and casualty reinsurance market pricing continues to soften according to Hannover Re, but prices and conditions are for the most part still acceptable.
Questgates supports Environment Agency ground water initiative
Questgates is supporting the Environment Agency’s latest ground water initiative as a headline sponsor of the Isle of Thanet Groundwater and Industry Workshop on 15th September.
ECIC strikes deal with Acturis
The Electrical Contractors’ Insurance Company has teamed up with insurance technology company Acturis to deliver a range of online tradesman products.