News
Under pressure.
The marine market may have hardened but underwriters still have much to do to ensure they make a profit. Eric Alexander examines the dynamics of a difficult market.
Ace promotes Greenberg
Bermuda-based (re)insurance group Ace has appointed Evan Greenberg president and chief operating offi...
Damage limitation
Fear of terrorist attacks has fuelled reinsurers' calls for a fully limited motor liability market in Europe, but their campaign appears stuck in first gear. Adrian Leonard reports.
A crucial decision
A critical appeal hearing could decide whether the World Trade Centre loss was one or two 'occurrences', say Peter Chaffetz and Steven Schwartz.
Rebriefs - Swiss Re sells stake in PartnerRe.
Swiss Re has sold its 16% stake in Bermudian reinsurer PartnerRe, in which it was an initial investo...
AIR Worldwide predicts high insurance loss.
Tornadoes that swept across the US in May could produce the costliest such insurance loss in history...
Repeople - Appointment at PXRe.
PXRe is keeping it in the family as chief executive Gerald Radke hands over his role as chief execut...
Small but vital market aims to set an example
There are only just over 80 buyers and around 40 sellers in the retrocession market, yet the small ...
More reserving pain to come.
Hefty additions to loss reserves are making headlines, and the experts at Reinsurance's recent Lunch Forum debate, sponsored by Swiss Re, expect more bad news to come. Janina Clark reports.
Reinsurers fight EC solvency proposal
The European Commission (EC) is expected to consider on 2 July a draft reinsurance directive that c...
Rebriefs - Converium Insurance given licence.
Converium Insurance (UK) has been given a licence to write general liability insurance in the UK. Th...
Hannover Re raises EUR530m and buys HDI Re
Hannover Re has, as expected, boosted its capital to defend its ratings and to reassure investors a...
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...