News
Price rules
Peter Le Beau finds that price remains the main consideration for buyers of life reinsurance in the UK, despite rapid change in the market.
Axa to run off US reinsurers
French (re)insurer Axa has put its US subsidiaries Axa Corporate Solutions Re and Axa Corporate Sol...
Mutuals sail rough seas
Higher reinsurance costs at this month's renewals will force P&I clubs to improve their underwriting, says Eric Alexander.
Retirement at Aon.
Harvey Medvin, chief financial officer of Aon, will retire in April after over 30 years on the US br...
Aggregation holds good
John Butler reports on a ruling that the express wording of a contract, though unusual, allowed an insurer to aggregate claims related to mis-sold pensions.
PXRe strikes quota share deal
Bermuda's PXRe Group has arranged $194m of quota share reinsurance with a new, special purpose Berm...
British Insurance Awards - Be a winner in 2003.
Now in their ninth year, the British Insurance Awards recognise the highest achievements by innovati...
Study tackles mast risks
A research organisation funded by the UK government and the mobile telephone industry has decided t...
India looks to licence brokers
India's Insurance Regulatory and Development Authority is believed to be considering at least 43 ap...
Rediary.
FEBRUARY 2003 12 Alternative Risk Transfer/Financing London, UK IIR Financial Training +4...
Passage to privatisation
India has been liberalising its non-life insurance market but is still fiercely protective of its reinsurance market. However, as John Sanders explains, further change is likely.
Scor sells Commercial Risk and names executives
Paris-based reinsurance group Scor is to sell Commercial Risk Partners (CRP), its Bermudian special...
Rebriefs - XL Capital.
Bermudian (re)insurance group XL Capital's weather and energy risk management products company Eleme...
Arig continues to seek capital
The Arab Insurance Group (Arig) of Bahrain said it was still talking to its shareholders about a po...
German terror pool faces closure threat
It should become clearer by early this month whether the new German terror pool Extremus has a future...
Annuity & Life in deal with XL.
Annuity & Life Re, the troubled Bermudian life reinsurer, has transferred five blocks of life reinsu...
Appointment at Endurance Specialty.
James Kroner has replaced Colleen Brennan as chief financial officer of new Bermudian (re)insurer En...
Sirius sale on hold at ABB
ABB is believed to have postponed its planned sale of Sirius, its Stockholm-based reinsurance compa...
Weather forecast
Experts are increasingly concerned about extreme changes in weather patterns. But to be forewarned is to be forearmed and the insurance industry in particular must use all the means at its disposal to prepare itself for the coming storm, urges Professor…
Restoration that holds water
Disaster recovery techniques are improving all the time and as the flood waters from the latest liquid assault on Europe subside and the specialists get to work, adv-ances in restoration knowl-edge and drying techniques can make all the difference, says…
Exposed to the elements
As the changing climate leads to more and more flooding, storm damage and other natural disasters, the industry must focus on training its staff to ensure there is enough expertise within the sector to cope with the extra demands being placed on it,…
H2GO expands
Following the successful development of trailer-mounted drying machines, which claim to dry water-dam...
Putting risks on the map
As aerial mapping technology becomes more sophisticated, insurance companies are using these predictive tools in innovative ways to understand and price risk. Jonathan Swift examines the impact of this across the industry.
Flood plans need co-operation
The ABI has proposed a pro-active plan to address the problems associated with flooding. Dr Edzard Romaneessen calls for co-operation from the government.