News
Lebanese situation puts Arab Re under review
AM Best has put the financial-strength rating of B+ (very good) and the issuer credit rating (ICR) o...
Typhoon Saomai slams into China
Typhoon Saomai hit China on 10 August 2006, killing at least 100 people and causing widespread devas...
Converium backed by $250m LOC
European reinsurer Converium has announced that it has secured a $250m letter-of-credit (LOC) facili...
Lloyd's launches cat-bond vehicle
Lloyd's of London has confirmed that it has set up a special-purpose vehicle (SPV) to help its membe...
Quanta auditors quit as ineffective financial controls are unveiled
Troubled Bermudian (re)insurer Quanta Capital Holdings has parted company with its accountants and h...
Florida plans under-writing pool to boost reinsurers' confidence
Florida governor Jeb Bush is considering a state-run reinsurance or joint underwriting pool to help ...
Glacier Re wins rating affirmation with $30m capital
Swiss-based reinsurer Glacier Re has announced it has secured $30m in new capital from its existing ...
RenRe to settle with SEC
Renaissance Re has submitted an offer of settlement to the Securities and Exchange Commission (SEC) ...
Aeolus breezes in to Bermuda
A new reinsurance company is springing up on Bermuda with the launch of Aeolus Re. New parent compa...
PXRE loses 82% of 1/1 business; expenses mount, run-off looms
Troubled Bermudian property/catastrophe reinsurer PXRE has announced that it has lost 82% of the bus...
Risk appetite is coming back because the price is right
Some pretty impressive first-half results have left Mark Geoghegan wondering if the hard US catastrophe market can last for very much longer if no major losses occur in the second half of the year
'Weatherproof' Hannover Re exceeds H1 targets
Global reinsurer Hannover Re posted strong first-half results, growing gross premiums by 12.8% and p...
Folksamerica affirmed after sidecar probe
AM Best has affirmed its ratings of White Mountains' US reinsurance subsidiary, Folksamerica Re, aft...
New insurance facility established in Istanbul
The Istanbul Underwriting Centre (IUC) was established earlier this year and began operating in Marc...
Sale of Scottish Re on the table
Troubled life reinsurer Scottish Re has highlighted the possibility of an outright sale of the compa...
Fraud: government plans in the spotlight
The government’s plans to tackle insurance fraud, the views of internal insurance industry fraudsters, and the industry’s own insights and initiatives to tackle this perennial problem will be three of the highlights at this year’s Post Magazine Fraud…
Zurich legal panel review to be revealed
Zurich is set to unveil a major overhaul of its UK legal advisers next month, after the insurer confirmed its panel was under review. Post Magazine's sister title Legal Week reported today that the revamped panel will handle the bulk of Zurich's domestic…
Helphire appoints senior ops boss
Helphire Group has appointed Michael Emery to the post of senior operations manager for Helphire’s Bristol operational centre, at Redcliff Quay.
Solicitors PI rates fall 20% year on year
More than four in ten legal practices (41%) who have bought their professional indemnity insurance this year have paid up to 20% less than last year, new research by broker PYV claimed.
Gallagher chairman dies
Broker Arthur J Gallagher's chairman Bob Gallagher has died following a brief illness.
Quinn to create up to 900 jobs
Quinn Direct is set to announce the creation of up to 900 jobs for Dublin and the north-east area of the Irish Republic.
Wellington first half profits slightly up
Wellington has posted what it describes as being ‘strong’ results for the first half of 2006.
Marsh expands public sector team
Broking giant Marsh has announced five key appointments within its UK Public Sector Practice.
NU car rates to soar by a third
Norwich Union is to increase its personal car premiums by up to a third, the insurer's chief executive has said.