Reinsurance
The month the market changed
Rethink
Cat risk comes out of hiding
Inside view
AIG
David Bradford on the problems at AIG and the implications of the near-collapse of one of insurance's biggest names
Snow or sunshine?
Bermuda
All aboard!
Marine
Lloyd's first half results take a tumble to £949m
Lloyd's results for the first half of 2008 halved to £949m for the first six months of 2008 from £1....
The uncertainty principle
Baden-Baden
Insuring the Sunshine State
Helen Yates speaks to Florida insurance commissioner Kevin McCarty about the unique threats Florida faces and the Berkshire Hathaway deal
Model behaviour
Flood
This is the story of the hurricane
Hurricanes Gustav and Ike may have been relatively minor compared to Katrina but both left billions of dollars worth of damage in their wake
Transatlantic Re on the chopping block as AIG looks to restructure
AIG's 59% majority stake in US reinsurer Transatlantic Re looks up-for-sale after new chief executiv...
Recruitment moves
AIG has appointed Edward Liddy as chairman and chief executive officer. He comes into the role immed...
Reinsurers reveal Lehman exposure
The well-documented collapse of US investment bank Lehman Brothers, the severe drop-off of AIG's sha...
Predicting the unpredictable
Political risk
Arch and Validus in running to buy Transatlantic Re
Bermudian rivals Arch Capital and Validus have been tipped as possible buyers of Transatlantic Re, industry sources have told Reinsurance .
Dow plummets as Fed plan to rescue banks fails to gain votes
(BestWire) — The Dow Jones Industrial Average plummeted 7% and 777.68 points, its largest point drop in history and largest percentage drop since shortly after the 11 September terrorist attacks, in the wake of the surprise defeat on the US House floor…
Endurance hires underwriter from Arch
Bermuda-based (re)insurer Endurance Specialty Holdings said that Joseph O'Donnell will be joining the firm as executive vice-president for the group's professional liability arm.
Chesterfield Group to start up North American division
The Chesterfield Group, a specialist independent Lloyd’s broker, today announced the formation of a new North American division.
Arch reveals weather and investment losses
Arch Capital, the Bermudian (re)insurer, said that it expects pre-tax earnings for the 2008 third quarter to be negatively impacted by the effects of Hurricanes Gustav and Ike in the range of $105-180m, net of reinsurance and reinstatement premiums.
XL estimates Hurricane Gustav and Ike losses
XL, the Bermuda-based (re)insurer, has predicted preliminary loss estimates, pretax and net of reinsurance and reinstatement premium, related to Hurricane Gustav range from approximately $30-35m, and estimates for Hurricane Ike of $165-235m.
Heath Lambert pushes public relations strategy
Heath Lambert has appointed Elliot Lane to the new role of group public relations director.
Berkshire Hathaway, Lexington in reinsurance deal
AIG's Lexington Insurance Company said that it has arranged contingent property reinsurance cover from Berkshire Hathaway’s National Indemnity Company for Lexington’s real estate portfolio, as well as policies having limits of $250m or greater, policies…
Benfield launches new financial modelling tool
Benfield has launched a financial modelling tool that assists re/insurers to better quantify the risks inherent in their business in line with rating agency and solvency requirements.