News
Aviation pool grows.
European (re)insurers Munich Re and Zurich Financial Services are to join specialist aviation and ae...
Hurricane Georges.
Hurricane Georges looks set to cost insurers and reinsurers around $2.5bn, according to US insurance...
Asian Re posts profit, but only just.
Asian Re succeeded in achieving a small net operating profit in 1997, despite the financial crisis i...
Steel Burrill Jones' market falls 60%.
Broking and consulting group Steel Burrill Jones' London market marine and reinsurance brokerage fel...
Pitching to those without a plan.
Janina Clark discovers that life and pensions players see distribution as the key to future product sales.
Zurich pulls plug on London market.
Zurich Financial Services (ZFS), one of the world's 10 largest reinsurance groups, is to cease reins...
Key cases in a critical year.
Legal issues may have been overshadowed by competition, consolidation and alternative risk transfer over the past year, but our comprehensive review is still essential reading.
Cats will bite profits, warns Munich Re.
The world's largest reinsurer has warned of a drop in reinsurance profits and a deterioration in its...
Sedgwick merger gets US approval.
Broking giant Marsh & McLennan's $2.1bn acquisition of UK broker Sedgwick (Re, October 1998, p3) loo...
Jobs cut at Lloyd's.
The Corporation of Lloyd's is to cut 300 jobs from its insurance services business unit in a shake-u...
Exel dips as Mid Ocean joins.
Revenues at Bermudian (re)insurer Exel dropped by a quarter in the third quarter of this year. The t...
Hanover Re to buy back shares.
German reinsurer Hannover Re is to buy back 10% of its shares following approval of the move by shar...
New energy syndicate for Lloyd's.
US mutual energy insurer Aegis has set up a Lloyd's syndicate to write international energy risks. ...
Kidnappings on the increase, warns Hiscox.
The worsening global economic situation is creating a boom in kidnappings, according to Lloyd's insu...
Scor backs new reinsurer for French mutuals.
France's largest reinsurer, Scor, is to provide the technical expertise behind a new reinsurance com...
Swift exit from Hiscox.
Gloria Davies has been recruited by Ace UK at Lloyd's just weeks after joining Hiscox. Ms Davies has...
Fighting to build on firm foundations.
The French reinsurance market looks good on paper, but the end of a run of low losses and other market developments may cause problems, reports Adrian Leonard.
Prices rise at Lloyd's auctions.
The total capacity traded during this year's Lloyd's auctions fell slightly as the cost of capacity ...
Hard work but high hopes.
Alex Beatty talks to Werner Bugl, Munich Re's man in Singapore, about tough times in Asia.
An uncertain world.
Any reinsurers who still believe that they can look to scientists for certainty were reminded last m...
A market on thin ice.
Eric Alexander reports from this year's IUMI conference, where (re)insurers voiced concerns about the marine market's ability to absorb heavy losses.
Lloyd's index.
Instrat, a subsidiary of UK broker Sedgwick, has launched the first global underwriting index based ...
Employers captures Eagle Star Re.
Eagle Star Re, one of the London market's biggest reinsurers, has been bought by G.E. Capital's Empl...
Czech floods hit reinsurers.
Czech non-life insurers increased their reinsurance cessions by almost a quarter last year, with pre...