News
XL predicts P&C rate rise.
Bermudian group XL Capital predicts that the rise in property casualty reinsurance prices that it ha...
ART takes the strain.
The growth of credit and political risk insurance is accompanied by an increasing interest in alternative ways of handling the risks, says Tony Dowding.
Appointment at Secura Belgian Re.
Jan Leflot is to take over as managing director and president of Secura Belgian Re when Andre De Bon...
How to set the right rate.
The complexity of securitisation deals means that rating agencies have plenty of work to do to assign a rating to a catastrophe-linked security. James Doona, a director of insurance ratings at Standard & Poor's, explains his company's approach.
PXRe blames its losses on weather.
The continuing poor performance of PXRe has led rating agency Standard & Poor's to put the group on ...
ERC's Asian web.
Employers Re (ERC) is backing an internet site that aims to offer Asian consumers insurance products...
IRB delayed again.
The auction of shares in Brazil's state-owned reinsurer, IRB, has been postponed again, following a ...
Markel hit by Terra Nova acquisition.
Troubled Markel International - created from the former Terra Nova operations which Markel bought in...
Full of surprises.
Russia has restrictions on foreign (re)insurers, a reputation for financial impropriety, a changing taxation system and only a theoretical commitment to liberalisation. Yet foreign firms are keen to tap the potentially huge market.
Stern with Sterling.
Lloyd's has revoked the licence of syndicate 529, managed by Sterling Underwriting Agencies. The syn...
No deal for American Re.
New Jersey-based American Re's proposed acquisition of United National Group (UNG), the Pennsylvania...
Worth their weight in gold.
Reinsurance chiefs may seem to command huge salaries, but compared with investment bankers they are a bargain. John Sanders finds out what the market's executives are earning and what skills are needed to make it to the top.
Correction.
The news story 'Premiums leap at Latin American Re', which appeared on p9 of the July issue of Reins...
Lloyd's auctions.
£265m ($395m) of Lloyd's capacity has changed hands in the first three auctions of syndicate capacit...
Storms prompt review of reinsurance buying.
The effects of last December's European windstorms could be long-lasting, prompting significant chan...
Appointment at Guy Carpenter.
Guy Carpenter, the reinsurance broking arm of Marsh, has appointed Andrew Bustillo to the newly crea...
Sax replaces Max.
Lloyd's chairman Max Taylor (pictured) has announced that he will not stand for a second term of off...
Avoiding the vanilla.
Last year's catastrophes are taking their toll on reinsurers' results and rates still refuse to harden significantly. Richard Willsher asks whether the future for reinsurers lies away from selling the vanilla-flavoured reinsurance cover of old.
Paris crash liability could top $300m.
A German lawyer is to seek compensation, which could total more than $300m, in the US for the famili...
Quakes shake up the market.
It is a year since the first of two earthquakes devastated areas of north-western Turkey. Muzaffer Aktas reports on a year of significant change in Turkey's (re)insurance market.
Europa opens treaty office in Dublin.
Europa Re has opened a subsidiary in Dublin to write non-marine treaty reinsurance. Europa Re (Du...
Appointment at ABI.
Bob Scott, group chief executive of CGNU, has succeeded Sandy Leitch, chief executive of Zurich Fina...
Can't get the staff.
Reinsurers are aiming to recruit new blood, but attracting the right sort of graduate and setting up suitable training courses is not easy. Cameron Andrews reports.
Appointment at LPC.
Jane Wallace has been appointed head of IT at the London Processing Centre (LPC), the premiums and c...