News
Reinsurers finally allowed into India.
The Indian (re)insurance sector has been opened to private domestic and foreign companies, breaking the monopoly enjoyed by the state-owned General Insurance Corporation (GIC) for over 25 years, writes Vivek Raghuvanshi.
American Re secured against cats.
American Re Securities has closed a $182m issue of catastrophe-related securities to protect America...
A life of change in Asia.
Janina Clark finds Pierre Ozendo, head of Swiss Re's Asia division, facing big challenges in South-east Asia.
A helping hand.
A campaign in the UK aims to encourage the use of rehabilitation to reduce the costs of bodily injury claims. Janina Clark reports.
Names battle on over tax.
The middle of this month should see a final ruling by the City General Commissioners in London on a ...
Max Re seeks capitalisation to open in Bermuda.
A new Bermudian reinsurer, Max Re, was due to be capitalised late last month, ready to start writing...
Marsh to pay quarterly dividend.
Marsh will pay a quarterly dividend of $0.45 per common share on 14 February to those holding shares...
Ren Re and Overseas.
Bermudian reinsurers Overseas Partners and Renaissance Re have gone into partnership to underwrite p...
ALM chief.
Anthony Young is to join the Association of Lloyd's Members next month as chief executive. He was pr...
Wrapping up the loose ends.
Schemes of arrangement have overcome many supposed obstacles to become a way of winding up solvent run-offs, says Ipe Jacob.
Paying for inattention.
In the light of Aneco Re v Johnson & Higgins, John Butler considers a broker's liability for breach of duty.
Heath and Lambert.
The Heath Group, the world's sixth largest reinsurance broker, has made a £1.45 ($2.32) per share ca...
Home or away?
Onshore or offshore is no longer the main consideration when choosing a domicile. Cameron Andrews looks at trends in locating captives.
Marine moves.
Reliance National Insurance (Europe) has relocated its London-based marine hull and cargo division f...
No holds barred.
Far from being dented by the soft market and alternative forms of risk financing, growth in captives is being fuelled by new types of business and fresh approaches. Tony Dowding reports.
Internet launch for Scor.
French reinsurer Scor has launched a new internet-based information service, Astre, for evaluating a...
Bavarian Re in tax move.
Swiss Re is moving the ownership of Bavarian Re of Germany and an Irish subsidiary into the European...
Names choose limited liability.
Lloyd's Names are increasingly converting to limited liability, suggesting that they plan to continu...
Aon uses LORS.
Aon has become the first broker to use Lloyd's Outward Reinsurance Scheme (LORS) to settle a claim w...
Terra Nova (Bermuda) pays dividend.
Terra Nova (Bermuda) paid a quarterly dividend of $0.06 per share on 27 December 1999 to owners of s...
Ace creates rent-a-captive.
Ace Bermuda has set up a new rent-a-captive company headed by its business development manager Roger...
Ace to pay quarterly dividend.
Ace is to pay a quarterly dividend of $0.11 per ordinary share on 14 January to anyone holding share...
RAA admits brokers.
The Reinsurance Association of America (RAA) has voted to allow reinsurance brokers as affiliated me...
Generali reviewed.
Rating agency AM Best is reviewing its A (excellent) rating of the US branch of Generali following t...