News
News in brief - St Paul of the US completes transfer
St Paul of the US has completed the transfer of its continuing reinsurance business, along with $12...
Appointment at Swiss Re
John Coomber (left) is to succeed Walter Kielholz as chief executive of Swiss Re on 1 January. Mr K...
Berkshire boosts stake in aviation
Berkshire Hathaway has tightened its grip on the aviation and space insurance markets by taking a 4...
Business not quite as usual
Business interruption claims could account for 25-30% of the losses associated with 11 September. Due to their complexity and scale, however, it will be years before the final figure is known. John Sanders discovers that the event has spurred (re…
Rebriefs - Equitas to increase asbestos reserves
Equitas, which reinsures Lloyd's, said that it might have to increase asbestos reserves at the end ...
What next?
Swiss Re thinks water availability is the next big thing and Benfield Greig is monitoring asteroids...
Rebriefs - Endurance authorised to write insurance in the UK
Bermudian (re)insurer Endurance Specialty has been authorised to write commercial (re)insurance in ...
Appointment at Danish Re Group
Kaj Ahlmann (right) has joined the Danish Re Group as executive chairman. He will continue as chair...
ESG Re faces threat of Nasdaq delisting
ESG Re is fighting delisting from the Nasdaq stock exchange in New York and is seeking a new audito...
Trenwick wins Lloyd's cash but halts London business
Troubled (re)insurer Trenwick has won 11th-hour support from its financial backers to continue unde...
Lloyd's gets record cash
Lloyd's will have record capacity of £14.25bn ($22.4bn) for 2003, compared with £12.3bn in 2002. ...
Rebriefs - Annuity & Life Re to find extra collateral
Bermudian group Annuity & Life Re said that it has to find $210m of extra collateral under its rein...
News in brief - Standard & Poor's lowers its rating of Munich Re
Standard & Poor's has lowered its long-term counterparty credit and insurer financial strength rati...
Paul Howard expected to be new chairman of Institute of Risk
Paul Howard, risk manager at Sainsbury's, was yesterday expected to be voted as the new chairman of ...
BIBA chooses Post and Professional Broking to be media partners
The British Insurance Brokers' Association this week confirmed it has selected Post Magazine and it...
Appointment at Fusion
Fusion has appointed Keith Jackson as executive manager for Scotland. He joins from Hiscox Insuranc...
What the papers said this week
THE INDEPENDENT A professional golfer was awarded £4900 last week after claiming his sporting c...
Two-way traffic
The loss adjusting profession has had its fair share of comings and goings in 2002, with small firms and new entrants picking up the slack, resulting from major company failures and panel fallout. The last year has also seen many companies chasing…
FSA looks to impose the unbundling of premiums
Despite suggesting that commission disclosure may not be necessary, the Financial Services Authorit...
Lloyd's chief exec to announce capacity for 2003
Lloyd's chief executive Nick Prettejohn is expected to announce Lloyd's' capacity for 2003 today - ...
Wood set to pursue Cox
A consortium led by Direct Line founder Peter Wood was expected to persevere with a "friendly" bid ...
Peninsula targets broker business
Peninsula, the UK employment law giant, is spending £1m in an effort to double the size of its brok...
GI partners upbeat as sales staff axed
The restructure of the AMP and Royal London direct salesforces has been described as potentially be...
OAMPS aims high in UK market
Australian broking giant OAMPS is stepping up its UK operations and is aiming to achieve an income ...