News
Asbestos reserve doubt
The Lloyd's market's run-off reinsurer Equitas could be reserving too little for US asbestos liabil...
Bridging the gaps
The London market is facing a skills shortage, says Marc Jones, but the situation is better than it seems.
EP call for Lloyd's regulation inquiry
A European Parliament (EP) committee has called for a full inquiry into the UK government's past re...
Rebriefs - Montpelier Re assigned A3 rating.
Montpelier Re has been assigned an 'A3' (good) financial strength rating by rating agency Moody's. I...
Allegations are important
Even accusations that later prove to be unfounded can be material facts, a judge recently found in ...
Repeople - Appointment at Faraday.
London-based reinsurer and Lloyd's managing agent Faraday has appointed Michael Lange (right) as its...
Australia approves terror pool scheme
Australian insurers will have to include terrorism cover in all commercial property insurance follo...
Lack of votes keeps scheme grounded
The proposed global aviation (re)insurance mutual scheme Globaltime has failed to win enough backin...
Rediary
JULY 2003 13-16 International Insurance Society (IIS) 39th Annual Seminar New York, US II...
Rebriefs - Tokio Millenium Re assigned A rating.
Rating agency AM Best has assigned a rating of 'A ' (superior) to Tokio Millennium Re, a Bermuda-bas...
Strengthening supervision
Pressure is mounting for uniform regulation of reinsurers around the world. The first concrete steps are expected later this year and, as John Sanders reports, could be a benefit rather than a burden to most reinsurers, especially those in the London…
ERC fate still uncertain
General Electric (GE) has so far failed to settle the fate of its GE Employers Re Corp. (ERC) subsi...
Rebriefs - Nearly 70% of London market business use new slips.
Nearly 70% of London market business that came into force on 1 April used the new slips introduced b...
Repeople - Appointment at Lloyd's.
Jeremy Pinchin has been appointed to the new position of head of reinsurance and claims at Lloyd's. ...
Rebriefs - JHC reviews International Hull Clauses.
London's Joint Hull Committee (JHC) is reviewing the International Hull Clauses it introduced last N...
Failed Inreon seeks a buyer
Inreon, the failed on-line reinsurance trading platform, has set itself a deadline of the beginning...
Repeople - Appointment at XL Re.
James O'Shaughnessy is the new chief financial officer of XL Re. He replaces John Hume, who will rem...
Threats prove less than fatal.
London retains an impressive reputation in the broking world despite strong challenges to its dominance. Marc Jones takes a look.
UK court defines 'event'
A test case related to Iraq's invasion of Kuwait in 1990 and the subsequent war (above), and backed...
Repeople - Appointment at Reinsurance Association of America.
Joseph Brandon, the chairman and chief executive of General Re, has been elected chairman of the Rei...
The City fights back
Man of letters Samuel Johnson wrote that by seeing London he had "seen as much of life as the world...
Rebriefs - Scor expected to announce buyer.
French reinsurer Scor was expected to announce a buyer for its loss-making, Bermuda-based specialty ...
Benfield IPO values broker at £575m
Benfield Group's flotation on the London Stock Exchange raised £157m ($262m), valuing the reinsuran...
EL should be "put out of its misery".
Out-going Airmic chairman David Ireland has called on the government to scrap the current tort-based...