News
Towers Perrin buys Claytons
US reinsurance broker Towers Perrin Re has significantly increased its size and established a Londo...
US grapples with WTC
Issues from 11 September 2001 dominated the US legal scene in 2002 but courts reached other significant decisions. Michael Knoerzer, Larry Schiffer, Gordon Hwang and Eileen Kennelly of LeBoeuf, Lamb, Greene and MacRae go behind the headlines.
Czechs suffer record fire loss
A $75m business interruption and property damage claim arising from a fire that destroyed a chemica...
Wanted: new parents
A significant number of the world's reinsurers must be feeling pretty unloved at the moment. Pa...
News in brief - Euclidian will write more reinsurance
Lloyd's (re)insurer Euclidian will write more reinsurance in the 2003 underwriting year at its synd...
(Re)insurers face reported loss
(Re)insurers face a reported loss of about EUR300m as a result of the failure of a Russia-launched ...
Rising waters, rising losses
Recent events have focused attention on the possible frequency and severity of floods. Adrian Leonard reports on the latest catastrophes and investigates the potential and pitfalls of flood modelling techniques.
Appointment at Alea North America
Jim Roberts has been appointed to the new position of executive vice-president and chief underwriti...
Catlin raises funds to back underwriting
Catlin Westgen Group has completed the raising of $532m to back its underwriting at Lloyd's and at ...
Appointment at Liberty syndicate 282
Liberty syndicate 282 has taken on three experts in reinsurance and retrocession business from Gerl...
News in brief - Fallin earnings at Converium
Falls in earnings at the Swiss, US and German operations of reinsurer Converium, due mainly to rese...
US terror bill slows renewals
The long-awaited approval of a federal US backstop for terrorism cover is delaying 1 January renewa...
Rebriefs - French group Axa drops search
French (re)insurance group Axa has dropped its search for a 'partner' for its reinsurance unit, Axa...
Struggling ERC faces sale
The future shape and ownership of GE Employers Re (ERC), the world's fifth largest reinsurer, is un...
Reinsurers stick to their guns
Reinsurers are determined to claw back losses by pushing through rate increases at 1 January, but the price rises will not be enough to solve the market's woes, says Janina Clark.
Diary
JANUARY 2003 30 - Modernising Lloyd's: The Blueprint for Change London, UK IBC +44 19...
News in brief - St Paul of the US completes transfer
St Paul of the US has completed the transfer of its continuing reinsurance business, along with $12...
Appointment at Swiss Re
John Coomber (left) is to succeed Walter Kielholz as chief executive of Swiss Re on 1 January. Mr K...
Berkshire boosts stake in aviation
Berkshire Hathaway has tightened its grip on the aviation and space insurance markets by taking a 4...
Business not quite as usual
Business interruption claims could account for 25-30% of the losses associated with 11 September. Due to their complexity and scale, however, it will be years before the final figure is known. John Sanders discovers that the event has spurred (re…
Rebriefs - Equitas to increase asbestos reserves
Equitas, which reinsures Lloyd's, said that it might have to increase asbestos reserves at the end ...
What next?
Swiss Re thinks water availability is the next big thing and Benfield Greig is monitoring asteroids...
Rebriefs - Endurance authorised to write insurance in the UK
Bermudian (re)insurer Endurance Specialty has been authorised to write commercial (re)insurance in ...
Appointment at Danish Re Group
Kaj Ahlmann (right) has joined the Danish Re Group as executive chairman. He will continue as chair...