IPCRE pleased with “disciplined” class of 2005

In a first quarter results announcement Bermudian reinsurer IPC Re has welcomed the caution and discipline of the latest batch of entrants to the reinsurance market.

Reporting net income for the first quarter of $62.6m, compared to $44m a year earlier, IPC President and CEO Jim Bryce pointed to the first proper hard US Cat market since the early nineties, whilst

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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