News
Indie sufferers' site.
Financial services company Grant Thornton has set up an Independent Insurance online help forum to a...
Chaucer/Vesta ties strengthened.
Lloyd's insurer Chaucer strengthened its ties with US-based Vesta Insurance Group this week, with the...
Cat bonds to rise tenfold by 2010.
The annual value of new catastrophe bonds will rise from about $1bn today to $10bn by 2010, according...
Underwriting capacity increased.
Wellington is to increase the underwriting capacity on leading Lloyd's reinsurance syndicate 2020 by...
Plan to unravel the LMX spiral.
It should be clear by now if enough reinsurers have agreed to back a plan to rescue them from the pro...
Independent's cover in doubt.
Reinsurance is the focus of investigations now under way into the collapse of the UK company Independ...
Good news and bad.
As one problem appears close to being solved so another one surfaces. First the good news. Grant Th...
Be careful on cut-throughs.
Following last month's article on enforcing cut-through provisions, Peter Chaffetz and Steven Schwartz warn reinsurers to watch out for other issues that can arise when they grant cut-through rights.
Willis denies sale rumour.
The world's third-largest insurance broker, Willis, has denied any justification for suggestions that...
Building in risk assessment.
Maria Kielmas explains how new contractual relationships such as partnering and public-private partnerships are changing the role of (re)insurers in big construction projects.
Equitas could get a Buffetting.
Increased asbestos liabilities seem to hold no fear for 'The Sage of Omaha', Warren Buffett. His company might even try to take over Equitas, says Robert CB Miller.
Appointment at Manulife Re.
Steven Mannik (pictured) is now senior vice-president and general manager of Manulife Re. In his pre...
Ratings come under scrutiny.
Until recently, everyone in Lloyd's shared the same credit profile. The recent decisions by rating companies to give individual syndicates their own ratings are not universally popular. Adrian Leonard reports.
Inreon buys exchange.
Inreon, the internet-based reinsurance trading exchange set up by Munich Re, Swiss Re, Accenture and...
Berkshire's guru speaks.
Insurers and reinsurers were treated in late May to a unique glimpse into the mind of one of the men ...
Asbestos will cost $200bn.
US claims and costs associated with exposure to asbestos will ultimately total $200bn, according to ...
Appointment at Lloyd's.
Lloyd's has made Phillip Bungey chief technology officer of its website www.lloyds.com. Mr Bungey ha...
Net reinsurance premiums higher.
Net reinsurance premiums written by US property casualty reinsurers in the first quarter 2001 were n...
Who owns agencies?
Following its infamous losses, Lloyd's has certainly felt a shift in the spread of its investors. Adrian Leonard investigates who owns what.
Max Re makes Grand entrance.
Privately-owned Bermudian company Max Re Capital and Bayerische Hypo- und Vereinsbank (HVB) of Germa...
Trenwick to sell shares.
(Re)insurer Trenwick is to sell up to $400m of shares, warrants and contracts to raise money for use...
Appointment at Swiss Re Financial Products.
Swiss Re Financial Products in New York has appointed Frank Ronan, a former head of structured credi...
Europe ups income 8%.
The European insurance industry increased its income by 8% in 2000 to EUR788bn, following a 10.2% in...
Life support.
The Japanese life market may be volatile but Axa is not regretting its decision to take over Nippon Dantai. Jeremy Golden reports.