Reinsurance
Market review - Deep impact
It's been quite the year for facultative reinsurance, with blood on the street in terms of financial crises. Reinsurance Insight talks to Aon Re Global Fac brokers Mike Hughes (Latin America), Ludovic Ferrand (EMEA), Stuart Beatty (Asia Pacific), and Alf…
From bad to worse for AIG as Liddy draws $1 salary in 2009
November proved to be another tumultuous month in the history of AIG. At the start of the month, reg...
2008: quite a year
It was quite a year in 2008. If hurricanes weren't battering the Gulf Of Mexico, then floods were t...
First things first
Alexander Ferguson talks to First American's CEO Frank McMahon about the threats and opportunities ahead for the business
A most unusual renewal
Inside view
Berkshire Hathaway Q3 net income drops 77%
Third quarter profits at financial services behemoth Berkshire Hathaway dropped 77% to $1.06bn, down...
700 jobs to be slashed as Aon looks to 'streamline' after Benfield takeover
As many as 700 jobs will go as part of Aon's takeover of Benfield, Aon said in a statement. Aon sai...
Marsh and McLennan offers shares up for acquisition
Marsh and McLennan (MMC), the financial services giant that owns insurance broker Marsh and reinsura...
Down but not out
Thomas Hess examines what the financial market turmoil means for reinsurers
Recruitment moves
Munich Re has appointed Joachim Wenning as the head of its life reinsurance operation. He has been a...
Rates to increase by up to 10% claims S&P
Reinsurance rates for the upcoming 1 January renewals period are expected to jump by between 5% and ...
An unprecedented year
Review of the year
IFEX optimistic for 2009
IFEX is optimistic for the 2009 despite the current maelstrom in the financial markets, a senior director has told Reinsurance.
Ex-Guy Carpenter casualty broker hired by Advent
Chris Rich, one of Guy Carpenter's biggest casualty brokers has joined Advent as a casualty underwriter, Reinsurance has learned.
Lancashire appoints chief risk officer
Lancashire Holdings, the Bermudian (re)insurer, said that it has appointed Steven Sumner as chief risk officer. Neil McConachie, who previously held the role of chief risk officer, continues as chief financial officer.
Appointment at Cooper Gay
Cooper Gay has recruited Matthew Whyte to its reinsurance division with a remit to develop non-marin...
Appointment at THB
THB has appointed Ernst-Jan Henkelman as commercial director of its Amsterdam office. Mr Henkelman's...
Hiscox launches RI3K
Hiscox is launching a trial of the RI3K trading service for part of its 2009 reinsurance purchases. ...
MMC admits warchest
Marsh and McLennan, the financial services giant that owns insurance broker Marsh and reinsurance br...
Reinsurance rates expected to rise 5-10% says S&P
Reinsurance rates for the upcoming January 1st renewals period is expected to jump 5-10%, according to US ratings agency Standard & Poors.
Ark Syndicate grabs senior casualty underwriter from Aspen
A senior casualty underwriter from Bermudian (re)insurer Aspen Re is to move to Lloyd's syndicate Ark Syndicate Management, Reinsurance has learned.
MMC eyeing acquistions
Marsh and McLennan, the financial services giant that owns insurance broker Marsh and reinsurance broker Guy Carpenter, said it has over 22.6m shares of its common stock available for acquisitions.
FTSE surges after UK pre-budget report, Citi bailout
The FTSE-100 is up over 9% after a rescue plan for ailing US bank Citi was added to by UK Chancellor of the Exchequer announced a series of measures to help Britain's struggling economy.