News
CME and Carvill launch rival to Nymex-Gallagher Re cat options
Derivatives giant the Chicago Mercantile Exchange (CME) has announced it is to launch CME-Carvill Hu...
Supercomputer aids in climate change preparation
One of the world's largest supercomputers is helping insurers understand natural catastrophes in the...
JLT expands into East Europe following deal
Jardine Lloyd Thompson (JLT) has announced a deal under which SIACI, its 32% owned French associate,...
Allianz Re given go-ahead by DIFC
Dubai's financial services authority has granted Allianz Re a licence to operate as an authorised bu...
Lloyd's insurer Talbot silent on impending sale
Lloyd's insurer Talbot has hired investment bank Lexicon Partners to carry out a strategic review of...
'SCORverium' merger deal stacks up financially, claims analyst
A leading analyst has described the possible tie-up of European reinsurers SCOR and Converium as bei...
Florida catastrophe-cover charge
An emergency rule forcing property insurers in Florida to freeze rates has been approved. The measu...
Reinsurance company profits for 2006 hit all-time high
As the charts indicate, low hurricane activity (unlike 2005, as shown in the picture of Katrina dama...
Consolidation is back as the market's gone soft
Mark Geoghegan smells soft-market defence-building in the SCOR-Converium swoop
Atlantic hurricane threat not over yet
The threat of hurricanes in the Atlantic region will remain high for decades, a report by a leading ...
QBE buys Mexican insurer Cumbre
QBE has announced the acquisition of Mexican insurer Seguros Cumbre, subject to regulatory approvals...
Ace warns against political risks
Global businesses need to adopt formal structures to assess ongoing risks posed by political instabi...
Converium stands firm on takeover bid
Converium bosses firmly rebuffed a takeover bid by French rivals Scor during the early announcement of their 2006 results.
Munich re unveils record $4.55bn profits
Global reinsurer Munich Re has unveiled record 2006 profits, up 28.5% to €3.5bn ($4.55bn) on the back of record low combined ratios in reinsurance (92.6%) and primary insurance (90.8%) to produce a return on equity of 14.2%.
HBOS GI hit for £92m GWP following Paymentshield sale
Halifax Bank of Scotland's 2006 preliminary results revealed its general insurance sales fell 4% to £1 894 gross written premium. Underlying profit before tax for the division increased by 20% to £304m compared with £254m last year.
David McIntosh appointed chairman of SIF
The Solicitors Indemnity Fund has announced the appointment of David McIntosh as chairman with effect from 16 February 2007. Mr McIntosh replaces Paul Marsh, who has recently retired from the SIF Board to enable more time to be devoted to his recently…
Hiscox moves to 'boardroom in the sky'
Hiscox, the specialist insurer, has moved into new offices on the Bristol waterfront just over a year after esablishing a presence in the city.
Court of Appeal to hear Charman's ‘huge money’ offshore trusts divorce case
The divorce of former Lloyd’s king pin and chief executive and chairman of Bermudian reinsurer Axis John Charman will reach the Court of appeal on 7 March.
Peart signs up 40 sub-brokers
Peart Associates, the Kendal-based insurance specialists, has signed up almost 40 new sub-brokers as a result of recent publicity and a re-branding.
Buckenham swoops for former Willis reinsurance heavyweight
JK Buckenham, the Hyperion Insurance Group's reinsurance broker, has announced that former Willis director, Robin Begg, has joined the company.
Benfield continues Fac rebuild with two London hires
Reinsurance broker Benfield has announced the appointment of Honor Jones and James Lyndon-Stanford to its global Facultative Solutions team. Ms Jones and Mr Lyndon-Stanford will be based in London and will join the company in May and July 2007…
Pick of the Week
Anthony Gould editor in chief, Post talks about Axa's commission rates stand; the latest adjusting se...
GE Money unveils vPayment settlement tool
Online insurance booking companies will find increased control and streamlined reconciliation from the introduction of GE Money's vPayment settlement tool to the European market.
Analyst reviews Converium defence chances
As the Converium board rejected SCOR’s formal approach for the remaining two thirds of the company not already under its control, equity analysts at Keefe Bruyette and Woods (KBW) cast doubt on the Swiss target’s ability to mount a credible defence…