News
Appointment at Ace Europe
Ace Europe has appointed Chris Moore to the Manchester team as energy engineer. Mr Moore joins from...
PRO Syndicate Management acquires business of Commodore Underwriting
Lloyd's Managing Agency, PRO Syndicate Management, a member of the Swiss Re Group, has acquired the ...
Appointment at SBJ Group
SBJ Group, the insurance and consulting group, has made 11 new appointments. Steve Brown, Jill Dunm...
Appointment at MBP
MiniBusPlus has appointed Peter Montague-Johnstone as fleet development manager. Mr Montague-Johnst...
Appointment at BHSF
BHSF, the Birmingham-based health benefits provider, has appointed Simon Clark, Mark Jackson and Br...
Opening the flood gates
A landmark flood case due to be heard by the House of Lords could allow insurers to recoup money from the water utility companies, say Christian Young and James Dingemans QC.
Sherwood International's shares slump by 17%.
IT service provider Sherwood International's shares slumped by 17%, following the firm's gloomy fore...
Willis reveals record results for 2002
Broking group Willis made a profit of $210m in 2002, up from just $2m in 2001. Chief executive Joe ...
XL drops Winterthur name
The Bermudian (re)insurer XL Capital is further dropping the name Winterthur from the property and ca...
Ace moves reinsurance into profit
The reinsurance business of the Bermudian (re)insurer Ace made a $296m profit in 2002 following a $9m...
Renaissance Re reveals surge in profit
Bermudian (re)insurer Renaissance Re more than doubled its annual profit in 2002 to $364.8m, from $16...
ART demand grows, finds Swiss Re study
Demand for alternative risk transfer (ART) products is continuing to grow, despite concerns about the...
Fitch maintains ratings of delisted ESG Re
Fitch has maintained on rating watch negative its 'B' (weak) insurer financial strength ratings of ES...
Markel moves into profit
In the fourth quarter of 2002 the US-based (re)insurer Markel made its first quarterly underwriting p...
Trenwick gets more downgrades
AM Best has joined other rating companies in downgrading the troubled Bermuda-based (re)insurer Trenw...
Max Re reveals loss in 2002
Bermudian reinsurer Max Re made a net loss of $5.7m in 2002, compared with a $2.5m profit the year be...
Backstop blues
The long wait for a federal US backstop for terrorism cover ended late last year but details of the government's new terrorism insurance programme and its implications remain unclear. Peter Chaffetz and Fred Reinke report.
Movie misery
Despite high hopes and significant investment, (re)insurers that gambled on film finance insurance in the 1990s are paying the price with the business itself becoming the biggest flop of all, says Adrian Leonard.
Reweb - First seen on the Reinsurance website
- Goshawk Insurance Holdings of the UK has used a $40m loan facility with Barclays Bank to increase ...
Aviation losses light in 2002
Last year was a good year for aviation (re)insurers, with just $1.1bn of incurred hull and liabilit...
Appointment at PartnerRe.
Bermudian reinsurer PartnerRe has appointed Jean-Marie Nessi (right), the former head of Axa Corpora...
Appointment at Watson Wyatt.
Watson Wyatt, the global consulting firm, has appointed Philip Brook as global head of the insurance...
London profits if US slumps
What would be the effect on the London insurance market of recession in the US or a US stock market slump? Robert CB Miller compares past ups and downs on both sides of the Atlantic and discovers good news for London's underwriters.
Rebriefs - Losses in Canberra bushfires.
Insured losses from last month's Canberra bushfires could total A$150m ($89m), according to Australi...