News
Swiss Re twister.
Swiss Re has published a report on the impact of tornadoes on the (re)insurance industry. Called Twi...
Reinsurers join credit association for first time.
Reinsurers have become part of the membership of the International Credit Insurance Association (ICI...
Appointment at Tempest Re.
Jacques Bonneau, who was appointed in late 1999 by Tempest Re to lead its multiline expansion into t...
Scor in Japan.
Scor has made its representative office in Tokyo into a services company, Scor Services Japan. It in...
QBE closes Limit deal.
QBE's long-running battle for Limit finally ended last month as its offer for the Lloyd's-based insu...
Rhine Re changes its name to Alea.
Rhine Re has changed its name to Alea and adopted a new logo. The new name is a reference to a comme...
Where there's life, there's hope.
Maybe it was due to the quality of Swiss Re's hospitality, but the experts gathered for the latest Reinsurance Lunch Forum were remarkably upbeat about prospects for the UK's life & health reassurers. Janina Clark reports.
Recurrent event.
The words 'event' and 'occurrence' are still causing problems for reinsurers. John Butler looks at the recent case of Mann v Lexington.
Capital ideas.
Craig Pettengell, St Paul Re's securitisation guru (right), believes reinsurers have much to learn from capital markets. Adrian Leonard reports.
Stormy time for IPC.
The development of losses from the storms in Europe at the end of 1999 and other catastrophes in 199...
American Re profit halved.
American Re's net income in the quarter to the end of June slumped by half to $22.2m from $45.7m a y...
PartnerRe income up.
PartnerRe boosted its net income to $51.5m in the three months to the end of June from $20.3m a year...
Mill' Re takes slice of Turkish cat pool.
Turkish reinsurer Mill' Re is to take an estimated 2-4% of the premiums of the 10 million or more po...
XL predicts P&C rate rise.
Bermudian group XL Capital predicts that the rise in property casualty reinsurance prices that it ha...
ART takes the strain.
The growth of credit and political risk insurance is accompanied by an increasing interest in alternative ways of handling the risks, says Tony Dowding.
Appointment at Secura Belgian Re.
Jan Leflot is to take over as managing director and president of Secura Belgian Re when Andre De Bon...
How to set the right rate.
The complexity of securitisation deals means that rating agencies have plenty of work to do to assign a rating to a catastrophe-linked security. James Doona, a director of insurance ratings at Standard & Poor's, explains his company's approach.
PXRe blames its losses on weather.
The continuing poor performance of PXRe has led rating agency Standard & Poor's to put the group on ...
ERC's Asian web.
Employers Re (ERC) is backing an internet site that aims to offer Asian consumers insurance products...
IRB delayed again.
The auction of shares in Brazil's state-owned reinsurer, IRB, has been postponed again, following a ...
Markel hit by Terra Nova acquisition.
Troubled Markel International - created from the former Terra Nova operations which Markel bought in...
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...