News
Globaltime hinges on politics.
Politics, rather than insurance, will now decide the future of a proposal for a global aviation (re)...
ERC given full licence to operate in South Korea.
GE Employers Re Corp. (ERC) has become the fourth foreign reinsurer to be given a full licence to op...
A flight to quality.
The aviation industry is facing a bumpy ride as it navigates through the storm clouds, making the financial security of its (re)insurers paramount, says Andreas Peter.
Goshawk adds to the capital of Goshawk Re.
London (re)insurer Goshawk has added $65m to the capital of its Bermudian reinsurance arm Goshawk Re...
London-based (re)insurer Brit sees premiums grow.
London-based (re)insurer Brit saw its gross written premiums grow 77% over 2001 levels to £662.7m ($...
Lloyd's expects big rise in US reinsurance.
US reinsurance will be a key growth area for Lloyd's in 2003, according to Wendy Baker, president of...
More hurricanes on the way.
Hurricane activity in the coming season is likely to be higher than the average, according to both t...
Turbulent times.
Despite high premiums and low loss levels in 2002, the aviation insurance industry remains extremely volatile. Eric Alexander hears the views of the Aviation Insurance Offices' Association.
The FSA seeks comments on proposal.
UK regulator the Financial Services Authority (FSA) is seeking comments by 16 July on its proposals ...
reweb - First seen on the Reinsurance website www.insurancewindow.net
- London-based insurer Wellington made a pre-tax profit of £30.9m ($48.2m) in 2002, compared with 20...
Trenwick cuts US operation.
Trenwick Group has stopped writing reinsurance through its facility with Chubb Re, effectively putti...
Sirius returns to profit in 2002.
Swedish reinsurer Sirius returned to profit in 2002, making a pre-tax profit of $11m after a $76m lo...
Profit proves elusive.
There is little cause for celebration in the space market although (re)insurance rates have increased, says Vic Wyman.
Willis plans further stock sale.
Broker Willis Group is planning a possible sale of up to $500m of securities. The firm, which tra...
Benfield drops its suffixes.
(Re)insurance broker Benfield has dropped its Greig and Blanch suffixes and will now simply be known...
Standards help to light the way.
Creating insurance data standards may not seem that important to many firms, says Rick Gilman of Acord, but they need to take another look at what can be achieved.
Benfield drops its suffixes.
(Re)insurance broker Benfield has dropped its Greig and Blanch suffixes and will now simply be known...
Alea Group of Bermuda makes net profit.
Alea Group of Bermuda made a net profit of $55.8m in 2002, up from a loss of $22.2m a year earlier. ...
Regulator may still halt sale of Gerling Global.
An appeal by Germany's financial regulator against a court ruling that it could not stop a proposed ...
Insolvency law still unclear.
Firms that write both insurance and reinsurance in the UK still had, as Reinsurance went to press, n...
Liable to rise.
A shake-up in aviation liability requirements in the European Union could mean more business for (re)insurers, or a move away from commercial cover, according to Nicholas Hughes and Fernando Albino.
The ASP allows members to share resources and ideas.
Providers of services to (re)insurers could soon be sharing out work, thanks to the formation of the...
Insurance woman of the year.
Fiona Luck (left), executive vice-president of XL Capital's group operations, has been named 2003 in...
Mind the gaps.
With significant restrictions on the terrorism coverage offered under TRIA and massive hikes in premiums and deductibles across the board, the life of a US risk manager is far from easy. Janina Clark reports on the big issues discussed at last month's…