News
Rebriefs - Ace USA.
Ace USA, part of the Ace Group, has become a member of the United States Aviation Insurance Group (U...
Attacks shake up market.
Difficulty finding reinsurance capacity at affordable rates following the attacks of 11 September could be just the break the catastrophe bond market needs. Patricia Vowinkel finds out whether cat bonds are about to take off.
No IRB Re sell-off in sight, says Scor
A leading reinsurance executive in Latin America has predicted that the promised and long-delayed pri...
Appointment at Oliver Wyman.
The former chief financial officer and chief risk officer of Swiss Re New Markets, Tom Wilson, has j...
Next El Nino on its way
El Nino warm conditions in the tropical Pacific, which are believed to produce extremes of weather, ...
Appointment at Benfield Greig Ltd.
Charles Fry has been appointed chief financial officer (CFO) of Benfield Greig Ltd. He will report t...
Rebriefs - Ace.
Bermudian (re)insurance group Ace has said its net operating income for the fourth quarter of 2001 w...
Casualty loss development speeds up.
Losses are being reported more quickly to casualty excess reinsurers according to a survey by the Re...
Rush to fill key posts.
View the pdf of this story Sun, sea, sand and ... a strong reputation as an offshore tax haven a...
Life on the web.
Life reinsurers may not have been at the forefront of e-commerce but they are now starting to communicate electronically with their clients and explore ways of doing business on-line. Pravin Jeyaraj reports.
Arbitration will prevail.
Attempts to void arbitration clauses in policies covering the World Trade Centre will fail, argue Peter Chaffetz and Fred Reinke.
Bodily injury studied again.
The International Underwriting Association of London has commissioned a third study into bodily inju...
Rebriefs - Axa.
French reinsurance group Axa has said that an exercise to cut administrative expenses by 10% announc...
UK extends terror cover for airlines.
The UK government has extended its short-term insurance cover for the aviation industry until 20 Mar...
Access denied.
E-businesses are just as vulnerable to business interruption as traditional businesses, say Tony Levitt and Alan Fisher, but (re)insurers can prepare for such claims by doing their research.
Rebriefs - Radian Group.
Radian Group has renamed its subsidiaries Enhance Re, Asset Guarantee Insurance and ExpressClose.com...
Brokers beware.
The House of Lords has ruled that a broker's failure to reveal market conditions may make it liable for all losses on a reinsurance contract, reports John Butler.
Cracks in consensus persist.
Arguments about global warming have generated plenty of heat, with some scientists questioning the very existence of a greenhouse gas effect, reports Maria Kielmas.
Wellington's late launch.
Wellington Underwriting has delayed its plans to launch a new £400m ($577m) London-based insurer. ...
Large claims to be made for bush fires.
Bushfires that ravaged large areas of New South Wales, Australia at the start of the year will resul...
Appointment at GE Employers Re Corp.
GE Employers Re Corp. (ERC) has appointed Tony O'Leary as head of its Asia-Pacific life and health b...
Rising to the challenges.
It has been said many times since 11 September, and apologies for repeating the cliche, but things w...
Copenhagen Re seeks buyer.
Danish reinsurer Copenhagen Re has been put up for sale. Its parent, Alm. Brand, is seeking a buyer ...
Business is booming.
Recent studies by Standard & Poor's and Swiss Re suggest, on the whole, a rosy outlook for the world's life insurers, although a report by Fitch on the North American market is less positive. Janina Clark sifts through the evidence.