News
News in brief.
Axa Corporate Solutions Re and Renaissance Re are taking stakes in catastrophe insurance specialist ...
News in brief.
Creditors of New Cap Re Bermuda have until 31 May to lodge claims with liquidator Ernst & Young. The...
Catlin heads Lloyd's group.
Stephen Catlin has been re-elected as chairman of the Lloyd's Market Association (LMA), which will t...
Island hopping.
Managing director Atsushi Gamo sets out a convincing argument for moving all Sumitomo's non-Japanese and non-US reinsurance business to Dublin. Adrian Leonard reports.
News in brief.
Conoco's Killingholme oil refinery in the UK, which was damaged by fire on 16 April, was insured thro...
Scor will decide on Sorema soon.
Scor has said it expects to decide by the middle of this month whether to buy fellow French reinsur...
News in brief.
Egypt is studying recommendations by Morgan Stanley and JP Morgan/Fleming-CIIC for the sale of its f...
Reanalysis - Petrobras - Sinking lifts offshore risk.
The sinking of the world's largest semi-submersible oil platform will have a dramatic effect on the ...
News in brief.
Michael Watson takes over from Pierre Croizat this month as chairman and chief executive of Trenwick...
The best of both worlds.
Swiss Re's innovative combination of two years of reinsurance cover with an index-based securitisation makes both the California Earthquake Authority and investors happy, says Markus Schmutz.
Partial support for INdeR deal.
Many Argentinian insurers owed money by the state-owned reinsurer Instituto Nacional de Reaseguros (...
Avoiding the courts.
With demand for non-traditional reinsurance solutions increasing, Richard Spiller identifies the legal and regulatory issues to watch out for.
Righting wrong weather.
Dr Alan Punter says that, increasingly, corporations are turning to the capital markets to secure co...
Lloyd's goes for rethink.
Lloyd's has set up a group of senior market figures to review its future strategy. Headed by Lloyd's...
The art of the city.
Over the past decade, Dublin has proved to be the ideal base for several leading non-traditional (re)insurers. Adrian Leonard listens to some of the top players describe its charms.
News in brief.
Employers Re has bought CyberComp from Reliance Insurance for an undisclosed sum. CyberComp will quo...
Rocket science is difficult.
For most (re)insurers space is less the last frontier than a hole where profits should be. Vic Wyman goes boldly in search of the future for space cover.
US to relax foreigner rule.
European reinsurers should from June find it easier to operate in the US following a recommendation ...
Lloyd's predicts £1.1bn loss.
Lloyd's expects to make a loss of at least £1.11bn ($1.6bn) for the 1999 year of account, following ...
ERC to cut 500 jobs.
GE Employers Re Corp. (ERC) is cutting over 500 jobs worldwide as part of a major restructuring. ...
Hannover Re sets up new reinsurer
Hannover Re has set up a new reinsurance subsidiary in Bermuda to write catastrophe business on a wor...
Cracking down.
As Dublin toughens up its regulation and supervision, Adrian Leonard advises (re)insurers to keep abreast of developments.
News in brief.
A UK parliamentary committee criticised heavily UK insurers over their approach to genetic testing a...
News in brief.
Sumitomo Marine Re (Europe) has been given a 'AA' (very strong) rating by Standard & Poor's. The whol...