News
Full of surprises.
Russia has restrictions on foreign (re)insurers, a reputation for financial impropriety, a changing taxation system and only a theoretical commitment to liberalisation. Yet foreign firms are keen to tap the potentially huge market.
Stern with Sterling.
Lloyd's has revoked the licence of syndicate 529, managed by Sterling Underwriting Agencies. The syn...
No deal for American Re.
New Jersey-based American Re's proposed acquisition of United National Group (UNG), the Pennsylvania...
Worth their weight in gold.
Reinsurance chiefs may seem to command huge salaries, but compared with investment bankers they are a bargain. John Sanders finds out what the market's executives are earning and what skills are needed to make it to the top.
Correction.
The news story 'Premiums leap at Latin American Re', which appeared on p9 of the July issue of Reins...
Lloyd's auctions.
£265m ($395m) of Lloyd's capacity has changed hands in the first three auctions of syndicate capacit...
Storms prompt review of reinsurance buying.
The effects of last December's European windstorms could be long-lasting, prompting significant chan...
Appointment at Guy Carpenter.
Guy Carpenter, the reinsurance broking arm of Marsh, has appointed Andrew Bustillo to the newly crea...
Sax replaces Max.
Lloyd's chairman Max Taylor (pictured) has announced that he will not stand for a second term of off...
Avoiding the vanilla.
Last year's catastrophes are taking their toll on reinsurers' results and rates still refuse to harden significantly. Richard Willsher asks whether the future for reinsurers lies away from selling the vanilla-flavoured reinsurance cover of old.
Paris crash liability could top $300m.
A German lawyer is to seek compensation, which could total more than $300m, in the US for the famili...
Quakes shake up the market.
It is a year since the first of two earthquakes devastated areas of north-western Turkey. Muzaffer Aktas reports on a year of significant change in Turkey's (re)insurance market.
Europa opens treaty office in Dublin.
Europa Re has opened a subsidiary in Dublin to write non-marine treaty reinsurance. Europa Re (Du...
Appointment at ABI.
Bob Scott, group chief executive of CGNU, has succeeded Sandy Leitch, chief executive of Zurich Fina...
Can't get the staff.
Reinsurers are aiming to recruit new blood, but attracting the right sort of graduate and setting up suitable training courses is not easy. Cameron Andrews reports.
Appointment at LPC.
Jane Wallace has been appointed head of IT at the London Processing Centre (LPC), the premiums and c...
Advantage insurance.
Financial guarantee insurers should be making the most of the price advantage over banks that is created by rules on capital. George Sandars reports.
Ace moves.
Rating agency Standard & Poor's has revised its outlook on the companies in the Bermuda-based Ace Gr...
The ultimate in run-off.
Adrian Leonard finds finality easier to achieve with Slip, a processing system developed specifically for run-off.
Into the breach.
Foreign investment in emerging market utilities can itself create political risk. Maria Kielmas looks at recent problems and considers the need for breach of contract cover.
Polygon goes on hunt for new owner.
The five airlines that own aviation insurer Polygon Insurance of Guernsey are looking for an insurer...
Appointment at Lloyd's.
Lloyd's has appointed Joseph Gunset as general counsel with responsibility for Lloyd's licensing and...
Appointment at Cadwalader, Wickersham & Taft.
Lawrence Brandes (left), together with three other former partners of Rosenman & Colin - Clifford Sc...
US east coast under tidal wave threat.
Water trapped under high pressure in the seabed off the New Jersey coast of the US could escape sudd...