News
Rebriefs - Royal & SunAlliance.
Royal & SunAlliance (RSA) has temporarily suspended its inwards reinsurance underwriting while it re...
More signs of life appear.
Restructuring in the world's (re)insurance sector is boosting the attraction of Bermuda as a home for life reinsurance, says Patricia Vowinkel.
Appointment at PartnerRe.
John Davidson has been made chief investment officer of Bermudian reinsurer PartnerRe and president ...
Rebriefs - The Axa Group.
The Axa Group is aiming to reduce its administrative expenses by 10%. Axa said it plans to cut its c...
Attack losses 'disappear'.
Up to $6bn of the losses from the 11 September attacks could 'disappear' from (re)insurers' financia...
Caribbean seeks reinsurance cut.
The Insurance Association of the Caribbean (IAC) is to try once more to get its insurer members to r...
Rebriefs - The International Underwriting Association of London.
The International Underwriting Association of London expected a new cyber liability working party to...
Expensive declarations.
Declaratory judgement actions can be costly, so who foots the bill? Peter Chaffetz and Steven Schwartz investigate.
Tradition fights changes.
As reinsurers reel from the US terrorist attacks, many will view Italy as a quiet, traditional backwater, but, explains John Sanders, that does not necessarily make it an easy country for reinsurers to do business in.
Rebriefs - Aon.
Broker Aon has set up a task force to advise clients on the best use of captives in the hardening ma...
Friendly and flexible.
Extraordinary times can lead to extraordinary behaviour. The unprecedented events of 11 September ha...
Bermuda gets supervisor.
Bermuda has created the new position of supervisor of insurance as the first move towards creating a...
Court allows Jaffray appeal.
The UK Court of Appeal has granted 220 Lloyd's Names permission to appeal against the High Court jud...
Rebriefs - Lloyds.
Rating company Fitch has estimated that Lloyd's will make losses of £1.5bn ($2.2bn) in the 1999 open...
Former Aon chief is new Accidentcare CEO
Mike Eve, the former chief executive of Aon Risk Services, has been named as the new chief executive ...
Ace issues legal proceedings against Charman
Bermudian insurer Ace has started legal proceedings against former Ace chief executive John Charman....
Government reaffirms commitment to terrorist cover
The government reaffirmed its commitment to providing retrocessional cover for terrorist acts in resp...
XL reports Q3 loss of $840m
XL Capital's combined ratio leapt to 223% in the third quarter of this year as it reported a net loss...
IPC Re posts record losses
Bermudian property catastrophe reinsurer IPC Re has recorded its worst ever quarterly results, follow...
St Paul losses prompt review
St Paul is to review its international and healthcare business after reporting heavy third-quarter lo...
St Paul makes heavy third quarter loss
Insurer St Paul has reported a heavy loss of £375m for the third quarter as it paid out massive claim...
Legal action over WTC
A British subsidiary of reinsurer Swiss Re has gone to court seeking confirmation that the destructio...
S&P predicts £5.4bn loss for Lloyd's
Rating agency Standard & Poor's has estimated Lloyd's gross loss relating to the 11 September terrori...
Law firm makes mutual move over small claims
Beachcroft Wansbroughs has launched a new division, called Mutual Law, to deliver a low-cost service ...