News
Dublin cracks down on rogue reinsurers.
Dublin's insurance supervisory office is promising to move swiftly to eliminate rogue reinsurers and...
News in brief.
Paisner & Co. is to merge with fellow London law firm Berwin Leighton to form Berwin Leighton Paisne...
Cedants in search of security.
Reinsurers are increasingly asked to post security in disputes. Peter Chaffetz and Steven Schwartz consider the attitude of courts and arbitration panels to pre-answer security.
News in brief.
American Re, part of the Munich Re Group, made a net loss of $64.4m in 2000, down from a loss of $10...
News in brief.
ESG Re of Bermuda made a net loss of $61.3m last year, up from a loss of $42m in 1999, on gross prem...
Building codes are not enough.
Insurers and risk managers can minimise earthquake and windstorm damage by insisting on construction to building codes - but only if they recognise other risk factors, say Peter Yanev and Donald Ballantyne.
News in brief.
US (re)insurer The St Paul Companies has sold its 1.7m shares in Renaissance Re, the Bermudian prope...
News in brief from Generali's International Space Conference.
Space technology companies are to provide some initial funding for a proposed EUR3.25bn European nav...
Earthquake shakes Seattle.
Insured losses from the earthquake that shook Seattle on 28 February are well below early forecasts ...
News in brief.
Bermuda-based Everest Re made a net profit for 2000 of $186.4m, up 18% on 1999, on gross premiums up...
Appointment at XL Brockbank.
XL Brockbank, XL Capital's Lloyd's managing agency, has appointed Paul Drake as its underwriting dev...
London reform set for July.
The first of the LMP2001 proposals for modernising procedures in the London market should be impleme...
On-line reinsurance debt exchange goes live.
The reinsurance industry's first on-line debt exchange was launched last month at www.city3k.com. ...
News in brief.
The government of Zimbabwe is to sell its 56.75% stake in Zimbabwe Re. It has given no timetable or ...
Benfield eyes EW Blanch.
Troubled US reinsurance broker EW Blanch is believed to be in talks about its possible takeover by t...
News in brief.
Moody's has forecast four consecutive years of losses at Lloyd's totalling £3.5bn ($5bn). Its loss p...
News in brief.
Gerling Global Re of Cologne increased its gross premiums last year by 10% to DM 8.1bn ($3.9bn), due...
CEA arranges $100m cover.
The California Earthquake Authority (CEA) and two financial service companies have used a combinatio...
AssureSat wins launch funding.
AssureSat, which is to provide the first in-orbit back-up service for geostationary satellites, was ...
Call for EU opening.
Chairmen and chief executives from leading European insurers and banks have got together to press fo...
News in brief from Generali's International Space Conference.
(Re)insurers could face lower risks following the drafting by the Rome-based International Institute...
Charity sponsorship.
John Tyszkiewicz of broker Guy Carpenter raised £35,000 ($50,000) for charity despite extreme weathe...
News in brief.
Le Mans Re of France has opened a branch in Labuan, Malaysia. The company already writes Asia-Pacifi...
News in brief.
Hannover Re expects its net income for 2000 to be up 78% on 1999 to around EUR360m, due largely to t...