News
Montpelier Re to provide terrorism cover
Montpelier Re and Montpelier Agency have entered into agreements with the Overseas Private Investmen...
Converium EGM passes package
Converium shareholders have formally approved the management's package of measures designed to resto...
Lloyd's enters debt markets
Lloyd's is to make its debut in the international debt markets, raising around £500m of long-term su...
Appointment at Aspen Insurance UK
Aspen Insurance UK has announced that Kevin Golson has joined the company as a marine hull underwrit...
Appointment at Alea Group Holdings (Bermuda)
Alea Group Holdings (Bermuda) has appointed Thomas A. Weidman as group chief actuary. Mr Weidman joi...
Appointment at CEA Legal Expenses Committee
Gustaaf Daeman has been appointed as the chairman of the CEA Legal Expenses Committee, succeeding En...
Spitzer blows a hole in the side of the insurance sector
The New York Attoney General's scrutiny of broker compensation has caused heads to roll in the US. Others must wait and see
Appointment at ARIG
ARIG has appointed Sultan Ahmed Al-Gaith as a new board member. Mr Al-Gaith has also been appointed ...
Appointment at XL Weather & Energy
XL Weather & Energy, an XL Capital subsidiary, has announced the appointment of Michael Corbally as ...
Converium Holding Ltd
Dr Jurgen Forterer, chief executive of R+V Versicherung, Wiesbaden, has resigned from the board of d...
Appointment at The Cooper Gay Group
The Cooper Gay Group has announced the appointment of Mark Lowndes as a director within its special ...
AM Best affirms Converium rating
Re-ratings
Shaken, not stirred
Recent tremors in Romania coincided with conferences on earthquake risk, reminding delegates that an insurance pool is a necessity in a seismicly active region
Scottish Re to acquire ING Re life business
Scottish Re Group has announced that it has agreed to acquire the individual life reinsurance busine...
Aon warns on insurance rates
The predicted level of losses from the 2004 hurricane season may not be enough to reverse the curren...
Montpelier Re announces Q3 loss
Montpelier Re has reported a net loss of $78.2m for the three months ended September 30, 2004. The loss takes net income for the nine months ended September 30, 2004 to $137.9m.
Jail term for Lloyd's abuser
Robert Damon-Aspen was jailed for two and a half years today for deception conducted through his internet-based insurance intermediary business CFT Group Insurance Services. He used the internet to take premiums from over 5000 clients without obtaining…
Zurich sells Turegum to reduce asbestos reserves
Zurich Financial Services Group has sold Turegum Insurance Company to Harper Holding Sarl, a subsidiary of Castlewood Holdings.
Long-term care insurance to be covered under FSCS
Consumers of long-term care insurance are set to receive greater protection when new requirements come into force on 31 October, making all LTCI policies subject to FSA regulation
Swiss Re report shows rise in liability systems costs
Liability systems throughout the world are growing increasingly costly, according to the latest sigma report from Swiss Re.
XL Capital subsidiary subpoenaed by Spitzer
XL Capital has announced that its subsidiary XL America has been subpoenaed by the office of New York attorney-general Eliot Spitzer.
Towergate in network launch
Towergate has launched a division providing home insurance to mortgage networks.