News
AIG axes Concord Re sidecar
AIG has cancelled Concord Re, the $730m class-3 Bermuda sidecar reinsurer it set up in August 2006, ...
Global risks - WEF predicts uncertain 2008
The year ahead is likely to be one of the most uncertain for a decade in terms of financial risks, a...
Guy Carpenter to open Prague office
Reinsurance broker Guy Carpenter is to open an office in Prague on 1 March 2008. The new office will...
R&Q Re given the Bermuda green light
Randall and Quilter (R&Q) has received approval from the Bermuda Monetary Authority for the registra...
Foreign reinsurers - Alien dependence is on the increase
Foreign reinsurers increased their share of the US property and casualty market substantially during...
Heritage sale - New chapter for Heritage not dead in the water yet
Lloyd's managing agency Heritage could yet be under new ownership this year, despite the failed take...
St George Re writes asbestos risk
Bermuda-based reinsurer St George Re has started to write insurance for historical corporate asbesto...
HCC gets approval for Syndicate 4141
HCC Insurance Holdings has acquired MultiNational Underwriters and received approval to establish a ...
IFEX announces 3100 futures traded
Reinsurance futures exchange IFEX said that, since trading began at the end of September 2007, it ha...
Monoline insurers - XL is latest victim of monoline implosion
XL Capital has become the latest high profile victim of the implosion of the monoline insurers, afte...
Lockton expands in London and treaty
Broker Lockton has agreed to a 20-year lease to move into a new European headquarters in London. Loc...
Judge approves $13.5m settlement
A New York federal judge has approved a $13.5m settlement of a securities class action between Renai...
TRIA extension compromise
President Bush has signed the final compromise version of a seven-year extension to the US terrorism...
Canopius to launch new unit in Ireland
Lloyd's managing agency Canopius intends to establish a business unit in Dublin - Canopius Ireland. ...
COO report - Modelling concerns
The increasing reliance on modelling as a means of maintaining underwriting discipline has emerged a...
Retrocessional deal - Berkshire Hathaway assumes 20% of Swiss Re P&C portfolio
Warren Buffett's Berkshire Hathaway has once again taken the market by surprise after securing one o...
Swiss Re to buy 25% of Vietnam Re
Swiss Re has entered into an agreement to acquire a 25% stake in the Vietnamese reinsurer, Vietnam N...
BMA unveils first ever business plan
The Bermuda Monetary Authority (BMA) has published its first ever business plan, outlining the phase...
THB acquires PWS broking business
Lloyd's broker THB finally acquired the Lloyd's broking business of PWS International and certain ov...
Aon completes 80% of 1/1 electronically
Aon completed as much as 80% of its 1/1 treaty reinsurance renewal placements electronically in Dece...
New quota-share treaty for XL Re
Bermudian reinsurer XL Re has announced a quota-share reinsurance treaty with a newly formed Bermuda...
Towergate in new network tie up
Towergate Underwriting has joined broker network Countrywide's panel, becoming its seventh strategic insurer partner. Both are ultimately owned by Towergate Partnership Group of companies after Countrywide's parent Open GI was acquired by the…
Small broker named Midland's finest
Commercial broker and Layton Blackham Business Solutions partner, Prizm Solutions has been named Midlands Small Business of the Year 2008 after only 12 months of trading.
Newman Martin and Buchan bolsters energy division
Independent Lloyd’s broker Newman Martin and Buchan has appointed Carolyn Bishop as a director of its energy division.