News
PWS brokers bailed until April following London January arrests
January's raid on Lloyd's broker PWS by the UK's Serious Fraud Office is believed to have stemmed fr...
EC queries common reinsurance practice
The European reinsurance industry could be acting in a manner that restricts competition, the Europe...
CEA boss addresses public inquiry
Gerard de La Martiniere, president of Comite Europeen des Assurances (CEA), the Brussels-based repre...
White appointed as Lloyd's deputy chair
Lloyd's Names' agency Argenta's boss, Graham White, has been appointed deputy chairman of Lloyd's to...
Quanta faces class actions over 2005 loss estimates
Quanta is facing a shareholder class action relating to alleged losses arising from increases in 200...
Swiss Re sells iconic 'Gherkin' building
Swiss Re has sold its iconic London office building, 30 St Mary Axe (known to Londoners and tourists...
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...