News
Rebriefs - Max Re Capital.
Bermudian reinsurer Max Re Capital has approved the repurchase of up to $40m of its common shares, t...
Rebriefs - The Comite Europeen des Assurances.
The Comite Europeen des Assurances has received first responses to its questionnaire on terrorism co...
Appointment at The St Paul Companies.
The St Paul Companies has appointed Jay Fishman to succeed retiring chairman and chief executive Dou...
Appointment at RK Carvill.
Jonathan Turnbull has been appointed chief financial officer of reinsurance broker RK Carvill. He wa...
Converium starts up.
Zurich Re has begun operating as a stand-alone business under the name Converium as a prelude to its...
Captivating once more.
The search for alternative cover following the US terrorist attacks is likely to result in a reversal in the decline in Bermuda's dominance of the captive market, predicts Mairi Mallon.
Rebriefs - Miller Insurance.
Miller Insurance is offering stand-alone terrorism insurance following the 11 September attacks. The...
US checks Lloyd's.
US regulators are to investigate the financial health of the Lloyd's market, as a condition of a temp...
Ins-sure plans repository.
Ins-sure, the London market processing and claims settlement company, plans to have an electronic da...
Rebriefs - St Paul.
St Paul has officially opened a representative office in Beijing, China to liaise with regulators an...
Explosion at fertiliser plant in Toulouse.
An explosion at a fertiliser plant on the outskirts of Toulouse, southwestern France, on 21 Septembe...
Arch sets up $1bn reinsurer
Arch Capital of Bermuda is to set up a new reinsurer capitalised at $1bn. The insurance and financi...
Rebriefs - Royal & SunAlliance.
Royal & SunAlliance (RSA) has temporarily suspended its inwards reinsurance underwriting while it re...
More signs of life appear.
Restructuring in the world's (re)insurance sector is boosting the attraction of Bermuda as a home for life reinsurance, says Patricia Vowinkel.
Appointment at PartnerRe.
John Davidson has been made chief investment officer of Bermudian reinsurer PartnerRe and president ...
Rebriefs - The Axa Group.
The Axa Group is aiming to reduce its administrative expenses by 10%. Axa said it plans to cut its c...
Attack losses 'disappear'.
Up to $6bn of the losses from the 11 September attacks could 'disappear' from (re)insurers' financia...
Caribbean seeks reinsurance cut.
The Insurance Association of the Caribbean (IAC) is to try once more to get its insurer members to r...
Rebriefs - The International Underwriting Association of London.
The International Underwriting Association of London expected a new cyber liability working party to...
Expensive declarations.
Declaratory judgement actions can be costly, so who foots the bill? Peter Chaffetz and Steven Schwartz investigate.
Tradition fights changes.
As reinsurers reel from the US terrorist attacks, many will view Italy as a quiet, traditional backwater, but, explains John Sanders, that does not necessarily make it an easy country for reinsurers to do business in.
Rebriefs - Aon.
Broker Aon has set up a task force to advise clients on the best use of captives in the hardening ma...
Friendly and flexible.
Extraordinary times can lead to extraordinary behaviour. The unprecedented events of 11 September ha...
Bermuda gets supervisor.
Bermuda has created the new position of supervisor of insurance as the first move towards creating a...