News
CICA's rating under review by Moody's
The A1 (good) insurance financial strength rating for Combined Insurance Company of America (CICA) co...
Swiss Re has strongest chance of survival in finance sector
Swiss Re is the fittest company in the financial services and insurance markets, according to researc...
Homer and Philip head up Folgate Partnership
Andy Homer, former chief executive of Axa Insurance UK, and Tim Philip, formerly of Benfield Group, h...
Odyssey Re is reorganising its London market division.
Odyssey Re is reorganising its London market division. It currently underwrites business in London t...
Second cash call for Names.
Syndicates at Lloyd's are asking for £564m ($799m) from their corporate and private members in the s...
City must mend its ways.
Recent research by Cambridge University's Centre for Business Research suggests that London's position as the leading (re)insurance centre is far from secure. Pravin Jeyaraj reports.
Lloyd's Japan moves authority.
Lloyd's Japan, the agency that holds the Lloyd's licence in Japan, is moving its underwriting author...
Fair beginning to work on possible reinsurance pool.
The Federation of Afro-Asian Insurers & Reinsurers (Fair) is beginning work on a possible reinsuranc...
Storm causes estimated $265m property damage.
A storm that ravaged US states from Oklahoma to New York from 30 January to 1 February caused an est...
Rates increase for P&I clubs.
Marine mutual protection and indemnity (P&I) clubs were expected to win rate increases of 20-30% in ...
ART is appreciated more.
As rates harden and capacity dries up some captives are showing renewed interest in more exotic risk transfer methods. Will any boost in ART business just be temporary, asks John Sanders.
Appointment at Swiss Re UK.
Ruurd de Fluiter (pictured) will take over from Martin Albers as chief executive of Swiss Re UK in J...
Congress is clear.
In the second part of their review of the emergency Air Transportation Act, Peter Chaffetz and Fred Reinke find that arbitration cannot easily be sidestepped.
Advice has a risk.
John Butler follows up last month's analysis of the House of Lords ruling in Aneco v Johnson & Higgins with a look at what the decision means in general for a broker's duty of care.
Reinsurers rack up reserves.
Premium income grew substantially for many reinsurers in 2001 but their bottom-line results for the f...
Brighter outlook cheers market.
The last few years may have been relatively slow for the captive sector but 2002 is shaping up to be a boom year. Captives and their managers are likely to have a busy time ahead of them, says Tony Dowding.
Terror pools under debate.
The UK government said it expected to outline changes to its terrorism reinsurer Pool Re by early Ma...
Converium Insurance to write primary crop insurance.
Converium Insurance (North America), part of Swiss reinsurer Converium, is to write primary crop ins...
New firms flood into Bermuda.
The number of new reinsurance companies formed in Bermuda to take advantage of the post-11 September...
Pacific possibilities.
Japanese firms have been setting up captives in Hawaii, but they could soon be tempted by an onshore location, the southern island of Okinawa. Jeremy Golden reports.
Yasuda Fire & Marine and Nissan Fire & Marine to merge.
Yasuda Fire & Marine Insurance and Nissan Fire & Marine Insurance have agreed the terms of a merger ...
OPL expects to sell staff and Opus Re.
Bermudian reinsurer Overseas Partners (OPL) is confident of finding buyers for its accident and heal...
US or them?
Following in the footsteps of Vermont and Hawaii, other US states are now setting themselves up as captive domiciles. Patricia Vowinkel takes a trip round the US to see if they can compete with more traditional offshore locations.
Appointment at US-based CNA re.
Debra McClenahan (pictured) has succeeded Bill Adamson as chief executive of US-based CNA Re. CNA sa...