News
Picking up the bill.
(Re)insurers are anxious to see whether the US government will provide the industry with a financial safety net for next year's terrorism coverage. Patricia Vowinkel reports on slow progress on Capitol Hill.
RePeople - Appointment at Trenwick International.
(Re)insurer Trenwick International has appointed David Clark as a property treaty underwriter. He wa...
RePeople - Appointment at Lloyd's.
John Hamblin has taken over as active underwriter on Cathedral syndicate 2010 at Lloyd's from Elvin ...
Copenhagen Re seeks capital to resume writing.
The first European reinsurer victim of 11 September, Copenhagen Re, is seeking capital to enable it ...
Converium IPO complete.
Zurich Financial Services (ZFS) has completed its initial public offering of 35 million shares in Co...
New capacity could curb premium rises.
Capital is expected to continue to flow into the reinsurance market despite analysts' warnings that a...
France covers terror cost.
The French government is to pay terrorism insurance losses above EUR1.5bn a year, through the state-...
RePeople - Appointment at Ace.
Evan Greenberg (pictured) is the new vice-chairman of the Bermudian group Ace, with responsibility f...
Lloyd's capital sets record.
Lloyd's (re)insurance market will have a capacity of £12.3bn ($17.6bn) in 2002; the highest figure e...
Few deals are done.
October's renewals gathering at Baden-Baden in Germany was a particularly low-key affair, says Eric Alexander, with attendees focusing on terrorism concerns following the 11 September attacks in the US.
ReBriefs - Investigation of Lloyd's by US Attorney's office is
An investigation of Lloyd's by the US Attorney's Office for the Southern District of New York has cl...
RePeople - Appointment at Scor.
Romain Durand, president and chief operating officer of the life operations of French reinsurer Scor...
US courts set precedents.
Our old friend Unicover popped up again in US courts in the past year, but Michael Knoerzer, Larry Schiffer and Stephen Kennedy of law firm LeBoeuf, Lamb, Greene and MacRae also found plenty of other important judgements.
Folksam sold to Bermudian.
Bermudian (re)insurer White Mountains is to take over the loss-making Swedish reinsurer Folksam Inte...
Bermuda has new watchdog.
The Bermuda Monetary Authority is to take over the regulation of the island's (re)insurers from the ...
ReBriefs - Standard & Poor's withdraws rating.
Standard & Poor's has withdrawn its 'AA-' (very strong) insurer financial strength rating of Spain's...
RePeople - Appointment at Le Mans Re.
James Veghte (pictured) has succeeded Jerome Coggia as chief executive of Le Mans Re. He will contin...
News in brief - Reinsurers should brace themselves.
Reinsurers should brace themselves for another active Atlantic hurricane season in 2002, making 1995...
ReBriefs - Aon and Jardine Lloyd Thompson blacklisted by ICFTU.
Brokers Aon and Jardine Lloyd Thompson are among 250 companies 'blacklisted' by the International Co...
ReBriefs - Reinsurex to offer property catastrophe reinsurance.
Reinsurance broker Reinsurex is to offer index-linked property catastrophe reinsurance to Lloyd's sy...
UK rulings point the way.
The basic principle of duty of good faith was just one of many issues addressed in legal judgements in 2001. Dorothy Cory-Wright of law firm DJ Freeman reviews the year.
WTC lawsuits under way.
The 11 September attacks on the World Trade Centre (WTC) have so far given rise to four lawsuits rel...
Rising expectations.
The Spanish insurance market is thriving and offers plenty of untapped potential for foreign reinsurers, says David Fanning.
Any port in a storm.
Munich Re and Swiss Re have analysed the vulnerability of major ports to natural hazards to assess potential losses. Eric Alexander reports.