News
Ironshore gets 'A-' start-up rating from AM Best
AM Best has assigned a financial-strength rating of 'A-' to Bob Clements' latest Bermudian start-up ...
Plan hatched for state-wide cat fund
Talks are being held in the US to decide if there is a case for building a multi-state catastrophe f...
Fitch team gets in on ILS action
International ratings agency Fitch Ratings has formed an analytical team dedicated to ranking insura...
PXRE default on A&W cat bond may cost $53m
Troubled Bermudian catastrophe specialist PXRE has revealed it could be on the hook for up to $53.4m...
Munich Re premiums fall 3%
Munich Re has said it is satisfied with the outcome of the 1 January renewals, but pointed to a 3% f...
Three-year high for Bermuda in 2006
Bermuda recorded a three-year high for reinsurance company incorporations during 2006, with an almos...
CME and Carvill launch rival to Nymex-Gallagher Re cat options
Derivatives giant the Chicago Mercantile Exchange (CME) has announced it is to launch CME-Carvill Hu...
Supercomputer aids in climate change preparation
One of the world's largest supercomputers is helping insurers understand natural catastrophes in the...
JLT expands into East Europe following deal
Jardine Lloyd Thompson (JLT) has announced a deal under which SIACI, its 32% owned French associate,...
Allianz Re given go-ahead by DIFC
Dubai's financial services authority has granted Allianz Re a licence to operate as an authorised bu...
Lloyd's insurer Talbot silent on impending sale
Lloyd's insurer Talbot has hired investment bank Lexicon Partners to carry out a strategic review of...
'SCORverium' merger deal stacks up financially, claims analyst
A leading analyst has described the possible tie-up of European reinsurers SCOR and Converium as bei...
Florida catastrophe-cover charge
An emergency rule forcing property insurers in Florida to freeze rates has been approved. The measu...
Reinsurance company profits for 2006 hit all-time high
As the charts indicate, low hurricane activity (unlike 2005, as shown in the picture of Katrina dama...
Consolidation is back as the market's gone soft
Mark Geoghegan smells soft-market defence-building in the SCOR-Converium swoop
Atlantic hurricane threat not over yet
The threat of hurricanes in the Atlantic region will remain high for decades, a report by a leading ...
QBE buys Mexican insurer Cumbre
QBE has announced the acquisition of Mexican insurer Seguros Cumbre, subject to regulatory approvals...
Ace warns against political risks
Global businesses need to adopt formal structures to assess ongoing risks posed by political instabi...
Converium stands firm on takeover bid
Converium bosses firmly rebuffed a takeover bid by French rivals Scor during the early announcement of their 2006 results.
Munich re unveils record $4.55bn profits
Global reinsurer Munich Re has unveiled record 2006 profits, up 28.5% to €3.5bn ($4.55bn) on the back of record low combined ratios in reinsurance (92.6%) and primary insurance (90.8%) to produce a return on equity of 14.2%.
HBOS GI hit for £92m GWP following Paymentshield sale
Halifax Bank of Scotland's 2006 preliminary results revealed its general insurance sales fell 4% to £1 894 gross written premium. Underlying profit before tax for the division increased by 20% to £304m compared with £254m last year.
David McIntosh appointed chairman of SIF
The Solicitors Indemnity Fund has announced the appointment of David McIntosh as chairman with effect from 16 February 2007. Mr McIntosh replaces Paul Marsh, who has recently retired from the SIF Board to enable more time to be devoted to his recently…
Hiscox moves to 'boardroom in the sky'
Hiscox, the specialist insurer, has moved into new offices on the Bristol waterfront just over a year after esablishing a presence in the city.
Court of Appeal to hear Charman's ‘huge money’ offshore trusts divorce case
The divorce of former Lloyd’s king pin and chief executive and chairman of Bermudian reinsurer Axis John Charman will reach the Court of appeal on 7 March.