News
Reinsurance cycle will flatten out
Cycles in the reinsurance industry will be shallower in the future, according to Alice Schroeder, ins...
Industry chiefs renew call for US terror backstop
Senior reinsurance industry executives yesterday renewed their calls for a US federal backstop for te...
Element Re publishes guide to weather risk
Element Re has published a book on the weather risk industry. The book, Weather Risk Management, wa...
CII goes online with Ed
The Chartered Insurance Institute has launched an online training service, ed., which is aimed at bot...
AWA offers D&O coverage
New Bermudian property and casualty (re)insurer Allied World Assurance (AWA) has started writing dire...
Inreon begins Asia expansion in Hong Kong
The on-line reinsurance trading platform Inreon has opened an office in Hong Kong as part of its expa...
IRM elects new chairman
Mark Butterworth has been elected as chairman of the Institute of Risk Management following a board ...
Scandinavian Re stops underwriting
Bermudian finite reinsurer Scandinavian Re has stopped underwriting new business and renewing existin...
Court rejects many reinsurance claims against failed Taisei
A Tokyo court has rejected an initial 55% of overseas reinsurance claims submitted by creditors of th...
CNA Re combined ratio tops 274%
CNA Re's combined ratio surged to 274.4% in 2001 and made an operating loss for the year of $666m. ...
Towergate Underwriting Group to extend football sponsorship.
Towergate Underwriting Group is to extend its sponsorship of third-division football club Cheltenham...
Texan insurer Gainsco plans to discontinue ...
Texan insurer Gainsco plans to discontinue writing commercial lines insurance business due to contin...
Russians pool risks to combat high rates.
Six Russian insurers have teamed up to establish a terrorism risk pool, claiming reinsurance has bec...
NU takes innovative lead in flood fight.
It is sad to say, but more than a year on from the insurance industry's first representations to the...
The US's major airlines ...
The US's major airlines are looking to set up their own insurance company in the wake of 11 Septembe...
DL abandons plans for VSA.
Direct Line has scrapped plans to use telephone voice stress analysis to detect fraud, despite its s...
LMP renewal slips could reach 90%.
Use of the delayed London Market Principles slips for all renewals could exceed 90% by the end of th...
Goshawk Re has opened for business in Bermuda ...
Goshawk Re has opened for business in Bermuda and announced a new senior management team. Jim Kemp h...
Halifax GI moves closer to in-house goal.
Halifax General Insurance this week moved nearer its goal of underwriting most of its personal lines...
Asbestos ruling goes under the microscope.
The House of Lords is to review the central finding on causation in the Fairchild case - last December's landmark employers' liability ruling, which left hundreds of mesothelioma claimants without compensation. Nick Pargeter and Kathryn Kenny look behind…
Assistance companies set for stress windfall.
Employers and their insurers are not alone in welcoming last week's Court of Appeal decision to over...
Canadian insurance giant Manulife ...
Canadian insurance giant Manulife has asked for permission to expand its life insurance sales networ...
50 years ago.
As the insurance and reinsurance industry lock horns over the future of terrorism cover, Post Magazi...
Adjusters must add value or face a cut in fees.
Having now worked both sides of the fence, I have a degree of sympathy with the comments by the adju...