News
Aon aiming for US marine growth
Aon's marine team is planning to build its book of US business by appointing Paul White to a newly created role of head of the Americas liability team.
Regulatory risk tops survey of insurers and brokers
95% of insurers identified regulatory risk as the single biggest challenge facing them over the next two years - ahead of operational and financial risk. According to a survey by insurance accountant and consultant Moore Stephens 93% of responses from…
Liberty appoints Kynixa for liability claims
Liberty International Underwriters has entered into an arrangement with Kynixa to provide rehabilitation services to employees covered under Liberty’s employers’ liability policies.
QBE launches nationwide recruitment programme
QBE has launched a nationwide recruitment programme to find and develop insurance leaders of the future.
UnumProvident to launch international rehab qualification
An international qualification is to be offered for the first time in the UK for professionals who provide return-to-work and rehabilitation management services. Candidates will be able to sit the inaugural examination this year on the 23rd May in…
Shareholders opt to rescue Scottish Re
Troubled life reinsurer Scottish Re has announced its shareholders have approved proposals relating ...
Aon and Benfield in $18.6m settlement
A settlement has been reached between Aon Re Global and Benfield Group after former Benfield faculta...
Kiln to open $314.9m domicile in Bermuda
Lloyd's insurer Kiln is to form a new Bermudian-domiciled holding company for the Kiln Group and to ...
PXRE wins back rating from AM Best as Peleus Re gets an 'A-'
Rating agency AM Best has assigned a financial-strength rating (FSR) of 'A-' to Bermudian start-up r...
Converium finally regains 'A' rating
Standard & Poor's (S&P) has raised Swiss reinsurer Converium's long-term financial strength rating t...
Florida sees 15% off high-risk rates
Florida's state-owned insurer of last resort, Citizens Insurance, has filed the rate decreases it wi...
Benfield Corporate Risks spoils 2006 results party celebrations
(Re)insurance broker Benfield stunned the financial markets by unveiling a dismal performance from i...
Atlantic hurricane season forecast for 2007 'worst ever'
Climatologists at Tropical Storm Risk (TSR) have increased their forecast for Atlantic hurricane act...
Greenberg gets the all-clear from Starr
Former AIG boss Maurice 'Hank' Greenberg has been given a clean bill of health by a report commissio...
Guy Carpenter in Central American payments probe
Mark Geoghegan reports on broking giant Guy Carpenter's investigation into allegations of improper payments in Central America
Hannover Re completes $1.3bn Merlin securitisation
Hannover Re has claimed a first in transferring risks deriving from so-called reinsurance recoverabl...
Companies let figures do the talking
SELECTION OF 2006 RESULTSCompany Net Combined Return on ...
Validus gears up with $700m in credit deals
'Class of 2005' Bermudian start-up (re)insurer Validus has unveiled credit agreements aggregating $7...
Hannover Re's post-Praetorian plans
Hannover Re's senior management unveiled a seven-point plan following the release of its 2006 annual...
Caribbean catastrophe fund launched
The World Bank has launched a catastrophe fund to provide emergency insurance cover following an ear...
American Re-opened wounds spoil Munich Re 2006 result
Giant reinsurer Munich Re's bumper 2006 results masked substantial further reserve increases at its ...
XL authorises $1bn share buyback
Bermudian (re)insurer XL has announced the authorisation of a $1bn share repurchase programme. XL s...
White Mountains appoints new chief
Allan Waters has succeeded Tom Hutton as chief executive of Bermuda-domiciled reinsurer White Mounta...
JLT launches joint venture with broker
Jardine Lloyd Thompson and interdealer broker ICAP have embarked on a joint venture to operate in ar...