News
A Fresh start.
City law firm Freshfields Bruckhaus Deringer's employment head Peter Jeffcote is to replace Ian Terr...
Markel denies consolidation plans on hold.
Markel Group has denied that the final details of how its plans to consolidate all of its Lloyd's sy...
Reinsurance group XL expects $700m of US claims
XL Capital, which includes reinsurance operations under the XL Re banner, confirmed its previous esti...
Max Re heads for third quarter loss
Reinsurer Max Re Capital predicted that it would make a third quarter 2001 loss of $0.20-0.30 per sha...
More growth expected for RenaissanceRe
US investment bank and broker Deutsche Banc Alex. Brown has increased its 2001 and 2002 profit estima...
Terrorist attacks push PartnerRe into loss
PartnerRe said it would make a $5.60-6.25 per share operating loss in the third quarter as a result o...
Towergate preferred bidder for Folgate
The acquisitive Towergate Underwriting Group is set to acquire Poole-based insurer Folgate from its ...
Reinsurance will become stronger, says S&P
Most reinsurers would emerge from the aftermath of the 11 September terrorist attacks in the US stron...
RenaissanceRe predicts $50m terrorism loss
Bermudian reinsurer RenaissanceRe said its net loss from the 11 September terrorist attacks in the US...
Inreon records first trades
The internet-based reinsurance trading system Inreon said it had completed its first trades between b...
Copenhagen Re downgraded
Rating agency Moody's has downgraded Copenhagen Re's insurance financial strength rating to Baa2 (ade...
Hardy set to grow aviation business
Hardy Underwriting has recorded profits before tax for the first half of this year of £913 000, up f...
CII brings in two new directors
The Chartered Insurance Institute has appointed two new directors from outside of the industry. Pete...
Poor investment returns hit Cox
Lloyd's insurer Cox has posted a loss of £11m for the first six months of the year, compared to a £0....
Lloyd's increases Central Fund levy
Lloyd's is increasing the premium levy on all syndicates in a bid to boost the Central Fund by £678m ...
Goshawk losses dip
Goshawk Insurance Holdings, which expects to take a hit of $12m (£8m) on the US terrorist attacks, h...
Charman to head up new reinsurer
Former Ace chief John Charman has been recruited to head up the new insurance and reinsurance company...
Marsh's equity arm sets up $1bn Bermudian reinsurer
MMC Capital, the private equity arm of broker Marsh & McLennan, is responding to what it says is a sh...
Taiwan typhoon.
The Taiwan Stock Exchange claims publicly-listed companies have reported a total of T$1.44bn (£28m) ...
EU solvency decision delayed.
Commissioner Bolkestein of the European Commission has delayed his decision on possible Lloyd's infr...
US Tragedy: News - Willis - WTC was covered.
As the broker responsible, Willis this week refuted press speculation that the absence of finalised ...
ZFS chief calls for industry to own up on cover shortages.
Patrick O'Sullivan, chief executive, Zurich Financial Services - UK General Insurance and Banking, s...
Marketing is dumb.
David Martin, Aon, London, said that "fundamentally all marketing by both insurers and brokers is do...
Claims initiative.
Pricewaterhouse Coopers is looking at a new initiative to help speed up the payment of claims from t...