News
Rebriefs - Amlin.
Lloyd's (re)insurer Amlin plans to spend £44-49m ($68-75m) to buy out the Names on its syndicate 200...
Appointment at Maritime London.
Maritime London, which promotes London's marine services including (re)insurance, has appointed Tony...
Surplus profits surge.
In a hard market surplus lines writers come into their own. Patricia Vowinkel finds a market in which premiums, profits and reinsurance rates are all on the rise.
Looking after number one.
Names at Lloyd's may be in decline but at least one Name has played the cycle to their advantage, providing lessons for all London market participants, says Robert CB Miller.
Axa forms reinsurer.
Axa group of France has split its Axa Corporate Solutions subsidiary into three units, following for...
Opus Re put into run-off.
Bermudian reinsurer Overseas Partners (OPL) has given up its attempt to find a buyer for its US oper...
Appointment at Wellington Re.
Wellington Re has recruited a team of US casualty underwriters. Mike Clifton, Ian Oakley and Stephen...
Alien reinsurers face wait.
European reinsurers look likely to have to wait at least another six to nine months before they know...
Blurred boundaries.
There is an urgent need for the UK's Financial Services Authority to clarify the law as it applies to alternative risk transfer, argues Alex Booth.
General Re still in red.
Berkshire Hathaway's reinsurance subsidiary, General Re, needs further increases in premium rates an...
Get modelling or miss the boat.
Two years ago Steve Mathews argued that the main reason for heavy losses in the marine market was non-technical underwriting, rather than overcapacity. Since then, he says, there have been improvements but not nearly enough to ensure long-term…
Rebriefs - Brit Insurance.
Brit Insurance has combined its Lloyd's and non-Lloyd's underwriting operations under the name Brit ...
Appointment at Ace.
The Bermudian (re)insurer Ace has appointed Evan Greenberg, the chief executive of Ace Tempest Re an...
Bermudians make mark.
At least half a dozen of Bermuda's new (re)insurers look set to figure in Reinsurance's ranking of th...
Results in brief.
Odyssey Re of the US recorded a 58% increase in net written premiums in the first half of this year ...
Future looks fine for finite.
Reports of the death of finite reinsurance have been greatly exaggerated. Adrian Leonard checks the pulse of finite, finds it still beating and says that good judgement should keep it alive.
EU will rule soon on airline cover.
The European Commission (EC) will hold its last formal hearing on 4 September on whether to recommen...
Rebriefs - XL Capital.
Henry Keeling, chief executive of the reinsurance arm of Bermudian company XL Capital, is to focus o...
Trenwick International downgraded.
Trenwick International, part of Bermudian (re)insurer Trenwick, has had its ratings lowered by Standa...
Gerling withdraws from US non-life reinsurance.
Gerling Group of Germany is withdrawing from the US non-life reinsurance market and has put its main...
Fairchild findings.
John Butler examines the reasons that have now been given for the House of Lords' decision in the Fairchild v Glenhaven asbestos case.
Appointment at PXRe.
Guy Hengesbaugh, former president and chief executive of LaSalle Re, has joined PXRe as president of...
US to merge terror bills.
Committees appointed by the US Senate and the House of Representatives were working during the Augus...
Liable to get much worse.
Huge payouts in medical malpractice cases, concerns about the increase in claims on errors and omissions policies and staggering losses on directors' and officers' cover add up to serious headaches for professional liability (re)insurers, says Patricia…