News
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. ...
reweb - First seen on the Reinsurance website www.insurancewindow.net
- Bermuda-based reinsurer Imagine Group has ditched plans it announced in July 2002 to rename itself...
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.
Dark days.
The aviation (re)insurance market is once more up in the air, as war and terror risks remain high and international tensions rise over state aid for buyers of aviation cover, says Vic Wyman.
Home of the very brave.
It takes a strong nerve to be active in the US (re)insurance market these days - whether as a buyer ...
UK tax authorities to introduce tax relief for Lloyd's Names.
The UK tax authorities are to introduce tax relief for Lloyd's Names with unlimited liability. The c...
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...
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 ...
Swiss Re does not impress.
Moody's has translated its concern about Swiss Re's profitability into a change to negative from sta...
Appointment at GE Employers Re Corp.
GE Employers Re Corp. (ERC) has appointed Darren Harris claims director of its Canadian life and hea...
Bermuda increases stake in US property market.
Bermuda could overtake London and continental Europe in the next 12 months to become the second-larg...
Chiltington Intrnational opens office in Chicago.
(Re)insurance consultancy Chiltington International has opened an office in Chicago, headed by Perry...
Down and almost out.
Aviation (re)insurers rely on a healthy aviation industry but the prospects are not good, says Eric Alexander.
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.
Incisive Media acquires the Risk Waters Groups.
Reinsurance is pleased to announce that its parent company, Incisive Media, has acquired the Risk Wa...
Appointment at XL London Market.
Managing agency XL London Market, a subsidiary of XL Capital, has appointed David Whiter senior vice...
Profitable start to 2003 for Ace
Bermuda-based (re)insurer Ace had a good start to 2003, announcing a first quarter net profit of $247...
Swiss Re sells remaining stake in Partner Re
Swiss Re has announced that it is selling off its remaining stake in Partner Re. It will sell 8.3m sh...
Investment reshuffle at Swiss Re
Jacques Aigrain is taking over as chief investment officer at Swiss Re, with immediate effect. He rep...
XL Capital posts bumper first quarter results
XL Capital, the Bermuda-based (re)insurer, made a net profit of $239.9m in the first quarter of 2003,...
Von Bomhard to head Munich Re
Nikolaus von Bomhard is to succeed Hans-Jürgen Schinzler as chairman of the board of Munich Re from 1...
Life loss affects Converium's Q1 results
Swiss reinsurer Converium has seen losses from subsidiary Converium Life drag its first quarter 2003 ...
Partner Re issues $250m in securities
Bermuda-based Partner Re is issuing $250m in cumulative redeemable preferred securities. The company ...
Appointment at JMD
Steve Adams has joined as director of JMD Specialist Reinsurance Services. Previously with Marsh, h...