News
Appointment at Aon
Aon has appointed Shaun Cooper as network risk consultant. Mr Cooper previously worked in underwriti...
CMGL hires disease expert
CMGL has hired Jim Prew as head of disease claims, following a stint managing the disease claims uni...
Appointment at JK Buckenham
JK Buckenham, the reinsurance broking platform of the Hyperion Insurance Group, has appointed Ian Sm...
Appointment at TT Club
The TT Club has appointed Laurence Jones as manager of risk assessment. Based in Sydney, Australia, ...
Swiss Re calls for claims index as Kyrill costs forecast at $5-10bn
Swiss Re is advocating the establishment of a market-loss index for natural-catastrophe risks to aid...
RAA calls for single US reinsurance regulator
The Reinsurance Association of America (RAA) has called for the US to have a single reinsurance regu...
Bermuda hikes registration fees 260% to pay BMA staff
The Bermudian government has passed a bill increasing Bermuda Monetary Authority (BMA) fees for bank...
Paris Re launches new Bermudian sidecar
Paris Re, the Trident III-backed company that recently took on Axa Re's business, has formed a new B...
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...