News
The Bahrain Monetary Agency asks for comments.
The Bahrain Monetary Agency has asked for comments by 11 May on proposed rules that would allow capt...
Lloyd's fights insurers on Central Fund.
Lloyd's has started arbitration proceedings against six (re)insurers that are withholding payment fo...
Dark days.
The aviation (re)insurance market is once more up in the air, as war and terror risks remain high and international tensions rise over state aid for buyers of aviation cover, says Vic Wyman.
Ram Re completes third round of capital raising.
Bermudian guarantee reinsurer Ram Re has completed a third round of capital raising totalling $91.6m...
When minds meet.
Peter Chaffetz and Steven Schwartz consider Canada Life v Guardian and the fine line between contracts that are void and those that are ambiguous.
Asbestos reserving gaps grow.
Asbestos is driving a growing wedge between the levels of reserves held by insurers and reinsurers, ...
Reinsurers still keen for a taste.
The Japanese market may be a tough one, but foreign reinsurers continue to show an interest in it, says Jeremy Golden.
Appointment at Manulife Re Europe.
Paul Sauve will become the managing director of Manulife Re Europe on 1 June. Mr Sauve has worked fo...
reweb - First seen on the Reinsurance website www.insurancewindow.net
- London-based insurer Wellington made a pre-tax profit of £30.9m ($48.2m) in 2002, compared with 20...
Globaltime hinges on politics.
Politics, rather than insurance, will now decide the future of a proposal for a global aviation (re)...
Home of the very brave.
It takes a strong nerve to be active in the US (re)insurance market these days - whether as a buyer ...
Converium working with group of banks.
Swiss reinsurer Converium is working with a group of banks to set up an $800m syndicated letter of c...
The ASP allows members to share resources and ideas.
Providers of services to (re)insurers could soon be sharing out work, thanks to the formation of the...
Gulf states move to set up reinsurer.
The Gulf Co-operation Council (GCC) of the Persian Gulf could decide by the end of the year whether ...
The Bahrain Monetary Agency asks for comments.
The Bahrain Monetary Agency has asked for comments by 11 May on proposed rules that would allow capt...
Bermuda increases stake in US property market.
Bermuda could overtake London and continental Europe in the next 12 months to become the second-larg...
ESG makes increased loss.
Bermuda-based ESG Re made a loss of $51.2m in 2002 on net earned premiums of $134.7m. The company...
Diary.
MAY 2003 4-7 ISO 2003 PCS Catastrophe Conference Florida, US Insurance Services Office +1...
Appointment at JMD Group.
Steve Adams has joined JMD Group as the director of JMD Specialist Reinsurance Services. He was prev...
Appointment at XL London Market.
Managing agency XL London Market, a subsidiary of XL Capital, has appointed David Whiter senior vice...
Appointment at Zurich Financial Services of Switzerland.
Zurich Financial Services of Switzerland has appointed a new global head of group reinsurance. Thoma...
ESG makes increased loss.
Bermuda-based ESG Re made a loss of $51.2m in 2002 on net earned premiums of $134.7m. The company...
Fast forwarding finality.
Business in run off has traditionally stumbled on for years, but industry insiders are optimistic that changing attitudes and new approaches are speeding up the process. As John Sanders explains, finality is increasingly seen as a realistic goal rather…
Swiss Re does not impress.
Moody's has translated its concern about Swiss Re's profitability into a change to negative from sta...