News
Cat bonds - you've never had it so good
Mark Geoghegan predicts that 2006 will be a high-water mark for this form of high finance
D&O rates continue to slide, as shown in Willis Index
Directors' and Officers' (D&O) liability insurance rates in the London market were largely unaffecte...
PXRE storm losses prompt lawsuits
A class action has been filed against PXRE alleging that the company misrepresented its losses from ...
Max Re faces Nasdaq de-listing due to finite probe
Max Re Capital has tentatively announced its results for the first quarter of 2006, stressing that t...
JLT expands into China insurance market
Jardine Lloyd Thompson (JLT) has commenced operations as an insurance and reinsurance broker across ...
US securities class action settlements rising
The number of securities class actions filed in the US against foreign companies in 2005 fell by 34%...
PXRE hangs on by slim thread as 65% of business lost
Reporting first-quarter results, Jeffrey Radke, president and chief executive of troubled Bermudian ...
Half of insurers ready for Solvency II
The majority of European insurers believe that Solvency II will improve their companies' risk- and c...
Hannover Re happy with Q1 performance
Hannover Re has expressed 'considerable satisfaction' with its start to the new financial year. "Wit...
Moody's gives Odyssey a stable outlook
Moody's Investors Service has revised its rating outlook for Odyssey Re Holdings, and its rated insu...
Market association formed by legal expenses insurers
The Legal Expenses Insurance Group has been established by a number of leading legal expenses insurers and intermediaries. In a statement today, the LEIG said it will "protect and advance the rights of claimants to justice and fair levels of compensation…
AMG acquires Sigma Claims Solutions
Loss adjuster Ashworth Mairs Group has acquired Sigma Claims Solutions, the company’s first purchase, seven months after a management-buy-out in October 2005.
IGI launches into London market
Insurer IGI has opened a London office with a team brought in from Ace Europe to target commercial property and combined package business.
Ford Fiesta tops league of insurance write-offs
Britain's most frequently written-off car by motor insurers is a nine-year-old Ford Fiesta 1.3 Encore, in blue and registered in Birmingham.
Colemont aquires Latvian broking house
Colemont Global Group has strengthened its European presence with the acquisition of a Latvian insurance broker in Riga.
Crash repair players reach new milestone
The most important initiative in crash repair for the last decade has reached a key milestone this week with the first review of the standard by the cross industry Steering Group at the British Standards Institute headquarters in Chiswick.
Bolivian intervention highlights increased political risks
Businesses around the globe are continuously looking for their next lucrative investment opportunity but as the recent cases in Bolivia and Ecuador demonstrate, government intervention in the oil and energy sector can have serious implications for…
RMS brings in new European modelling platform
Risk Management Solutions (RMS), has announced the launch of a new platform for quantifying wind-related risk in 12 European countries.
Max Re investigation leads to restated 2001-2005 results
Max Re Capital has announced that its Audit and Risk Management Committee has concluded its previously announced internal investigation, and that it has had to restate its financial results for 2001 to 2005.
Aletta moves away from Mexico
Tropical storm Aletta, the first storm in the Eastern Pacific for the 2006 hurricane season, is moving westwards away from the coast of Mexico.
Chubb expands ultra high net worth distribution
Chubb Insurance is offering all of its personal lines brokers exclusive quotes for ultra high net worth Masterpiece Signature business.
Glencairn opens for business in Moscow
Glencairn Group has announced the opening of its Moscow office.
RI3K and Xchanging launch FELIX
RI3K and Xchanging have introduced a new joint project called FELIX – the Framework for the Electronic London Insurance eXchange.
Towergate strikes deal with Zurich
The Towergate Partnership has acquired the Zurich Home Insurance portfolio from Network Data.