News
Max Re hits $400m mark.
Bermudian start-up reinsurer Max Re had raised over $400m towards its target capitalisation of $600m...
Tiller's new track.
Life insurance veteran John Tiller (pictured) has been promoted to president and chief operating off...
Arig Re reports losses.
Bahrain-based Arig Re has reported underwriting losses of $104.9m for 1999 and a claims ratio of 147...
Lloyd's North American success.
Lloyd's was facing its final battle with Names in the UK courts last month (see comment on p5), but ...
Farming Partners.
Bermuda-based PartnerRe has expanded its agricultural reinsurance services with the addition of a te...
Virgin interest.
The British Virgin Islands proved popular as a captive location last year, issuing licences to 50 pu...
XL holding company for London.
Bermudian insurance group XL Capital is putting its (re)insurance operations outside the Americas an...
Gallagher wins control of Australian broker.
The slump in the Australian reinsurance market has led to the sale of 60% of the local, privately-ow...
Weathering the final storm.
Lloyd's is once more facing the unwelcome glare of intense national media interest now that the fina...
Odyssey loses Stirling suit.
New York reinsurer Odyssey Re has had its lawsuit against Bermuda-based broker Stirling Cooke Brown ...
On-line rating.
Scor has launched an internet-based system to help insurers evaluate commercial risks. Adrian Leonard looks at the considerable interest Astre has generated.
ESG set to sell stake in ailing healthcare division.
Bermuda-based ESG Re, which has reported a $42m net loss for 1999, is looking to sell a stake in the...
Fenelon to invest.
US Re's merchant banking arm, Fenelon Ventures, has made a further call for reinsurance and related ...
Brown joins BSX.
Former president of Centre Solutions David Brown has been appointed non-executive chairman of the Be...
Better than a cure.
The World Bank's ProVention Consortium aims to increase the penetration of insurance in emerging markets and to reduce the human and economic cost of natural disasters in the developing world. Cameron Andrews reports.
Rising costs of natural and man-made disasters.
Catastrophes are becoming far more devastating and costing insurers much more, according to Swiss Re...
RAA widens intake.
The Reinsurance Association of America (RAA) is to expand its affiliate class of members - which is ...
CNA to sell life business.
US insurer CNA has put its life insurance and reinsurance operations up for sale in a move to focus ...
US state plan criticised.
Three US congressmen have called for a halt to a plan for a government catastrophe reinsurer, claimi...
Pado promoted.
Michael Pado (pictured) has become president of Axa Re Life, the New York-based subsidiary of the Ax...
Sydney Re v-p.
James Haggerty has been appointed vice-president and manager of the accident and health operations o...
Jardine Lloyd Thompson benefits from ART boost.
Jardine Lloyd Thompson (JLT), the UK-based broker, has reported a 60% increase in its revenue from a...
Amlin announces profit.
Amlin has announced a profit after expenses on the syndicates of its two Lloyd's managing agencies, ...
Doomed to distinction.
QBE is one Australian reinsurer determined to avoid extinction. Bob Grant, general manager of its European Operations, tells John Sanders his strategy for success.