News
AIR: Wipha to cost less than $250m
Catastrophe modeller AIR Worldwide has said it estimates insured losses from Typhoon Wipha are unlik...
Third Nat Cat exchange contract to launch
Insurance Futures Exchange Services Ltd (IFEX) and Deutsche Bank AG have announced the planned launc...
News round-up - Brit in Gibraltar move
Lloyd's and UK (re)insurer Brit Insurance is to put in place a small team of senior underwriters to ...
Lloyd's bosses hail first half performance
Lloyd's has reported a before tax of £1.8bn ($3.6bn) for the six months to 30 June (2006: £1.35bn). ...
Insurers face up to $200m Humberto losses
Insured wind losses from Hurricane Humberto could reach $200m, catastrophe risk modelling company AI...
Maiden plans $500m IPO
Bermudian start-up reinsurer Maiden has announced plans for a $500m IPO
Catlin to open representative office in Sao Paulo
Lloyd's and Bermuda specialist (re)insurer Catlin is to open a representative office in Sao Paulo la...
GCFac takes Benfield US facultative team leader
Guy Carpenter has announced the appointment of Joseph Vitale as senior vice president of GCFac, its ...
GIC Re to open branch office in London
Reinsurance has learned that General Insurance Corporation of India (GIC) is to open a full branch i...
TRIA renewal amendments - TRIA renewal tees up veto clash with White House
The Bush Administration issued a statement calling for serious amendments to the latest extension of...
Canopius Bermuda plans - "For sale" Lloyd's insurer announces Bermuda plan
Lloyd's insurer Canopius remains "for sale" despite the launch of a new platform in Bermuda, accordi...
How will 'Goodwill Plus' affect your Bermuda business?
If you thought US or EU politics were a lively business, you should go to Bermuda. Mairi Mallon reports on the raging immigration debate that just will not subside
Ariel Re to buy 47-state US insurance platform
Class of 2005 Bermudian (re)insurer Ariel has announced its intent to acquire Valiant Insurance comp...
Bermuda-Lloyd's activity - Endurance rules out Lloyd's buy
The chief executive of Bermudian (re)insurer Endurance has ruled out joining the throng of Bermudian...
XL to give back $500m more to shareholders
Bermudian (re)insurer XL has announced that its board has approved a new share repurchase program, a...
Omega bet on US pays off in first half
Lloyd's, Bermuda and US (re)insurer Omega Underwriting has unveiled interim results showing profit b...
EC report on business insurance - EC re-opens debate on subscription market practices
The EU Competition Commission has issued its final report on the business insurance sector and raise...
Ratings outlook - Ratings agencies tell reinsurers to play it cool
Rating agencies told delegates at the Monte Carlo Rendez-vous to play it cool in light of softening ...
Special risk unit launched by Munich Re
Global reinsurer Munich Re has set up a dedicated unit to develop products offering protection again...
US P&C 1H net income up 10%, but competition intensifies
The US property/casualty insurance industry's net income after taxes rose 10.7% to $32.6bn in first-...
Talbot appoints new CEO and chair
The Board of Talbot Underwriting today announced, subject to approval by the Financial Services Authority and Lloyd’s, it has appointed Michael Carpenter as chairman and Rupert Atkin as chief executive.
Equity launches policy for travellers with breast cancer
Equity Insurance Group has launched a new travel policy, specifically developed to allow people diagnosed with breast cancer access to affordable cover.
Colemont in Brazilian swoop
Colemont has acquired a majority share in the Brazilian aviation broker, Inter Aerospace Corretora de Seguros Ltda. Inter Aerospace will be merged with Colemont’s existing company in Brazil, namely Colemont Brasil Insurance Brokers.
Goldman Sachs in £700m bid for Benfield
US investment bank Goldman Sachs has made a £700m bid for reinsurance broker Benfield, according to a report.