News
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 ($...
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...
The FSA seeks comments on proposal.
UK regulator the Financial Services Authority (FSA) is seeking comments by 16 July on its proposals ...
Fast forwarding finality.
Business in run off has traditionally stumbled on for years, but industry insiders are optimistic that changing attitudes and new approaches are speeding up the process. As John Sanders explains, finality is increasingly seen as a realistic goal rather…
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...
First-quarter 2003 catastrophe losses in the US.
First-quarter 2003 catastrophe losses will cost US property and casualty insurers a total of $1.46bn...
Chubb unlocks record profit
US-based reinsurer Chubb made a record profit of $224.6m in the first quarter of 2003, a 13.3% increa...
Appointment at Manulife Re Europe.
Paul Sauve will become the managing director of Manulife Re Europe on 1 June. Mr Sauve has worked fo...
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...
Willis plans further stock sale.
Broker Willis Group is planning a possible sale of up to $500m of securities. The firm, which tra...
Appointment at JMD Group.
Steve Adams has joined JMD Group as the director of JMD Specialist Reinsurance Services. He was prev...
Asbestos reserving gaps grow.
Asbestos is driving a growing wedge between the levels of reserves held by insurers and reinsurers, ...
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...