News
Do you feel lucky?
Reinsurers claim to be confident that rates will rise at the coming renewals, but the level of increases remains something of a gamble. Cameron Andrews reports from the Monte Carlo Rendez-Vous.
Arch Capital heads for Bermuda.
Yet another (re)insurer is set to move from the US to Bermuda, to take advantage of what it called t...
Taking cover from disasters.
More catastrophe reinsurance cover is being bought and more is being paid for it, but rates are stil...
Brokers join Alwen Hough.
London-based reinsurance broker Alwen Hough Johnson has acquired two teams of brokers from Heath Lam...
Total commitment.
Speed and service are the drivers behind a new on-line system for selling marine total loss reinsurance. Eric Alexander takes a look beneath the surface of TLO-Online.
Gathering Moss.
Andrew Moss has been appointed to succeed Bob Hewes as Lloyd's finance director. Mr Moss, who is cur...
You can't have it both ways.
The doctrine of 'apparent authority' is broad but does not operate if the person who invokes it knows a limitation on the authority or has taken steps to limit it, explains Peter Chaffetz.
Cost-effective commuting.
Adrian Leonard finds out how Equitas, the world's biggest run-off company, approaches the complex art of commutation.
Unionamerica to enter run-off.
UK-based Unionamerica is to cease underwriting operations on 1 January 2001 and go in to run-off, th...
Scor whittles stake.
French reinsurer Scor has reduced its holding in credit insurer Coface from 44% to just 35%. Scor sa...
Reinsurers called to Islam.
Maria Kielmas finds that a lack of reinsurance compliant with Islamic principles is holding back growth in Islamic markets.
P&I cover dries up.
Reinsurance will be difficult to find for both mutual and fixed-premium protection and indemnity insurers, reports Adrian Leonard.
PXRe plans to remain at Lloyd's.
PXRe Managing Agency, the Lloyd's agent owned by troubled reinsurer PXRe, has rejected suggestions t...
Agency rethinks.
Moody's has downgraded its outlook on the respective 'A-' (good) and 'B+' (above average) performanc...
Swiss Re plan its UK headquarters.
Swiss Re is planning to start building its UK headquarters at the end of this year or early next yea...
McGowan new COO.
Broker Herbert Clough has appointed Robert McGowan as president and chief operating officer. Mr McGo...
Buy boosts Gallagher's US reinsurance business.
US broker Arthur J Gallagher has acquired New Jersey-based John P Woods for an undisclosed amount in...
Shelter for Stirling syndicate.
Omega Underwriting Agents has launched a rescue bid for Lloyd's syndicate 529. The syndicate, man...
Chaucer's new book.
Chaucer Holdings has set up Chaucer Consortium Underwriting to manage consortium arrangements for Ll...
Non-life rates set to rise strongly, says Swiss Re.
Swiss Re is benefiting from rate increases in its non-life business and expects rates to rise at lev...
Kingsmead swap.
Corporate capital provider Advent Capital is to acquire Lloyd's-based Kingsmead Underwriting Agency ...
On the move at last?
Will the UK government's response to the Royal Commission report on long-term care finally kick-start sales of insurance products? Keith Sankey canvasses the opinion of reassurers.
Cairnstone rebrands.
Miami-based Cairnstone, an underwriter and medical management company which specialises in reinsuran...
Lucas leaves.
Leslie Lucas, chief executive of Pool Re, the specialist terrorism pool, has retired after 40 years ...