News
On-line reinsurance debt exchange goes live.
The reinsurance industry's first on-line debt exchange was launched last month at www.city3k.com. ...
News in brief.
The government of Zimbabwe is to sell its 56.75% stake in Zimbabwe Re. It has given no timetable or ...
Benfield eyes EW Blanch.
Troubled US reinsurance broker EW Blanch is believed to be in talks about its possible takeover by t...
News in brief.
Moody's has forecast four consecutive years of losses at Lloyd's totalling £3.5bn ($5bn). Its loss p...
News in brief.
Gerling Global Re of Cologne increased its gross premiums last year by 10% to DM 8.1bn ($3.9bn), due...
CEA arranges $100m cover.
The California Earthquake Authority (CEA) and two financial service companies have used a combinatio...
AssureSat wins launch funding.
AssureSat, which is to provide the first in-orbit back-up service for geostationary satellites, was ...
Call for EU opening.
Chairmen and chief executives from leading European insurers and banks have got together to press fo...
News in brief from Generali's International Space Conference.
(Re)insurers could face lower risks following the drafting by the Rome-based International Institute...
Charity sponsorship.
John Tyszkiewicz of broker Guy Carpenter raised £35,000 ($50,000) for charity despite extreme weathe...
News in brief.
Le Mans Re of France has opened a branch in Labuan, Malaysia. The company already writes Asia-Pacifi...
News in brief.
Hannover Re expects its net income for 2000 to be up 78% on 1999 to around EUR360m, due largely to t...
Enjoying hard times.
Many in the captive sector are predicting a boom as a result of the hardening insurance market. This...
News in brief.
GE Frankona Re, the European arm of GE Employers Re, is to pay £200,000 ($295,000) for a 25% stake i...
News in brief.
French reinsurer Scor made substantial operating losses in its property and casualty (p&c) business ...
Appointment at Employers Re.
Employers Re has appointed Glenn Pomeroy (pictured), former commissioner of insurance of North Dakot...
Cat stats.
Last year bucked the trend in catastrophe losses, but reinsurers cannot afford to become complacent. Janina Clark reviews the conclusions of two new catastrophe studies.
Appointment at CNA Re.
CNA Re has appointed Charles Thomas vice-president for US claims and contracts. Based at the Chicago...
A single act or several?
In the second of two articles focusing on aggregation, John Butler reviews a case in which an assured was entitled to aggregate claims.
Indian pool goes.
India's reinsurance pool looks set to cease underwriting following the opening of the insurance mark...
Kingsbridge buys Stafford Group
Kingsbridge Holdings, specialist in serving the sports and entertainment sector, has acquired Staffor...
Local authorities given formal warning
The majority of local authorities do not have formal processes in place needed to advise elected memb...
Helphire folds 1st Automotive
Credit Hire firm Helphire is to shut down the subsidiary it acquired in August, 1st Automotive, with ...
Giant Allianz eager for more
German insurer Allianz, which is now the fourth-largest financial group - behind Citigate, AIG and HS...