News
Ward Evans opens new offices.
Commercial broker Ward Evans has opened a new London office as part of an expansion drive that will ...
CGNU exits London market
CGNU has agreed to sell its Lloyd's managing agency Marlborough Underwriting Agency to the Berkshire ...
It might not follow.
Peter Chaffetz and Steven Schwartz consider a case that highlights ways in which reinsurers can avoid following the settlements of their cedants.
Ace opens branch in Gibraltar.
Ace has opened a branch in Gibraltar to underwrite commercial risks and create products specifically...
Equitas in IT deal.
Lloyd's run-off company Equitas has outsourced its IT services to ITNET in a deal worth £35m ($51m) ...
Stock market opens up.
The proposed revision of Bermuda's restrictions on foreign ownership has had a mixed response. Mairi Mallon listens to the views of the island's indigenous and international business communities.
CNA's rethink.
CNA Re is changing its structure, organising itself along business lines rather than by geographic r...
Ex-Cigna Re staff return.
Staff from Cigna Re Europe, which closed earlier this year, have staged a comeback to the London mar...
A woman's place ....
Mairi Mallon talks to some of Bermuda's most successful women, who insist their rise to the top has been helped by the island's relaxed and supportive attitude to women in the workplace.
Chiyoda pulls out of London market.
Chiyoda Europe has put its London market reinsurance business into run-off. The company, part of ...
US p&c claims fall.
US property/casualty insurers face their lowest bill for third-quarter catastrophe losses in 11 year...
Legal move.
Michael Skay, former senior vice-president and deputy general counsel of PartnerRe, has joined New Y...
Three businesses merge into holding company, Trenwick Group.
Shareholders of Trenwick Group, LaSalle Re and LaSalle Holdings have approved the merger of the thre...
XL Capital to provide weather risk.
Bermuda-based XL Capital has formed a unit to provide weather risk (re)insurance and financial produ...
LPSO launch.
Lloyd's Policy Signing Office (LPSO) is to launch a central service centre in January to assist mana...
OPL completes buy.
Bermuda-based Overseas Partners has completed its acquisition of Reliance Re, which will be renamed ...
Cox exits marine market.
Lloyd's-based Cox Insurance has withdrawn from the marine market, transferring the renewal rights on...
Market drives down profit.
Good, but not good enough is the prognosis for European motor treaty markets in the coming renewal. Adrian Leonard reports.
A real trial.
Last year, Bermuda played host to one of the largest and most expensive insurance trials in history. Dorothy Cory-Wright reviews the case.
In the eye of the storm.
International reinsurers are put off by the hurricanes and other natural perils that dog the Caribbean, so efforts are being made to create a reinsurance pool and improve risk management in the region. David Renwick reports.
Island needs IT innovation.
Mark Brockmeier argues that Bermuda's risk carriers should adopt an approach to information technology as innovative and flexible as the products they sell.
Remote access.
Bermuda may be small, but the brave new world of remote software service providers could put it at the heart of (re)insurance IT. Roger Crombie reports.
Tax battle put on hold.
The threat of punitive tax regulation on US carriers ceding to Bermudian parents is far from a dead issue, says Adrian Leonard.
Weathering the storm.
While the outlook for the Bermuda (re)insurance market has improved, there are still storm clouds on the horizon. Cameron Andrews reports.