News
Appointment at Mighty Dot.
Stephen Harding has been appointed as insurance services manager at vehicle security specialist Migh...
GISC in online trade show.
The General Insurance Standards Council is to take part in an online trade show to alert property ma...
Motor Trade Solutions unveils website.
The recently-launched, broker-only motor trade facility Motor Trade Solutions has unveiled its websi...
XL Capital Assurance of New York sets up in London.
Financial guarantee insurer XL Capital Assurance of New York, part of the Bermudian reinsurance grou...
Clamping down on fraud.
Figures show that fraud has risen at an astounding rate and is costing the industry in excess of £1bn a year. Many believe more sophisticated application checking procedures would make a big impact on the volume of fraudulent claims, says Nick Bidmead.
Time to get real over BTE legal expenses.
Time, and market pressures, seem to have left your correspondent Mr Sugarman far behind (BTE will wo...
View from the Top - Duncan Boyle, RSA
Duncan Boyle, chief executive, Royal & Sun Alliance A question I am frequently asked is "how long w...
A measured response.
Rating agencies argue that their early warning systems have stood up well to the challenges of 11 September and the crisis in corporate America. They are introducing some changes but see no reason for a fundamental overhaul of their approach to measuring…
Rock is rolling at Lloyd's syndicate 1200.
The new Lloyd's syndicate 1200 set up by Heritage Underwriting Agency has begun writing property fac...
Rebriefs - Amlin.
Lloyd's (re)insurer Amlin plans to spend £44-49m ($68-75m) to buy out the Names on its syndicate 200...
Appointment at Maritime London.
Maritime London, which promotes London's marine services including (re)insurance, has appointed Tony...
Surplus profits surge.
In a hard market surplus lines writers come into their own. Patricia Vowinkel finds a market in which premiums, profits and reinsurance rates are all on the rise.
Looking after number one.
Names at Lloyd's may be in decline but at least one Name has played the cycle to their advantage, providing lessons for all London market participants, says Robert CB Miller.
Axa forms reinsurer.
Axa group of France has split its Axa Corporate Solutions subsidiary into three units, following for...
Opus Re put into run-off.
Bermudian reinsurer Overseas Partners (OPL) has given up its attempt to find a buyer for its US oper...
Appointment at Wellington Re.
Wellington Re has recruited a team of US casualty underwriters. Mike Clifton, Ian Oakley and Stephen...
Alien reinsurers face wait.
European reinsurers look likely to have to wait at least another six to nine months before they know...
Blurred boundaries.
There is an urgent need for the UK's Financial Services Authority to clarify the law as it applies to alternative risk transfer, argues Alex Booth.
General Re still in red.
Berkshire Hathaway's reinsurance subsidiary, General Re, needs further increases in premium rates an...
Get modelling or miss the boat.
Two years ago Steve Mathews argued that the main reason for heavy losses in the marine market was non-technical underwriting, rather than overcapacity. Since then, he says, there have been improvements but not nearly enough to ensure long-term…
Rebriefs - Brit Insurance.
Brit Insurance has combined its Lloyd's and non-Lloyd's underwriting operations under the name Brit ...
Appointment at Ace.
The Bermudian (re)insurer Ace has appointed Evan Greenberg, the chief executive of Ace Tempest Re an...
Bermudians make mark.
At least half a dozen of Bermuda's new (re)insurers look set to figure in Reinsurance's ranking of th...
Results in brief.
Odyssey Re of the US recorded a 58% increase in net written premiums in the first half of this year ...