Reinsurance
Transatlantic reports solid 1Q, takes small investment write-down
Transatlantic Re has reported net premiums written for the first quarter of 2008 up 5.2% to $1,035.6m compared to $984.2m in the first quarter of 2007.
Japanese renewal rates down 5-10% - Guy Carpenter
Reinsurance rates across each line in Japan generally decreased from 5 - 10%, according to report from Guy Carpenter.
Appointment at Plantec
Plantec has recruited operations manager Anthony Howarth into its motorcycle repair centre team. Mr ...
Appointment at Aspen
Aspen has promoted Julian Cusack to chief operating officer. In his new role, he will be responsible...
Omega puts talks on hold
Omega, the Lloyd's insurance group, has terminated takeover talks with all parties. "The board belie...
Food and drink companies face difficult future, says Aon
Companies operating in the food and beverage sector should be hedging against a difficult future, according to Aon Risk Services.
Novae hires Tracy Lee Kus for financial services team
Novae has strengthened its financial institutions (FI) team with the appointment of underwriter Tracy Lee Kus.
Munich Re warns of less good Q1 2008 vs 2007
BESTWIRE — Munich Re, the German reinsurance giant, predicted its profit for the first quarter of 2008 will not be as good as the figures it saw over the same period of 2007 thanks to exposure to a number of major cat losses.
Appointment at Heritage
Paul Aitchison has taken the newly created position of business development manager at Heritage Mutu...
Dipping your toe in the water
Reinsurance: Brazil
Napoli shipwreck fallout could hit EUR70m level
A multi-million pound legal battle is under way as the final section of the MSC Napoli shipwreck is ...
Investors should expect a "mixed bag" of results from Q1 earnings - analysts
Investors should expected a mixed bag of results from first quarter results thanks to sub-prime writedowns as well as one-off loss events, say US analysts at Keefe, Bruyette & Woods.
Omega terminates takeover talks; says business is strong
Omega, the Lloyd's (re)insurer, said that it has terminated takeover talks with all parties.
Amlin appoints lead cargo underwriter
Amlin has appointed Tom Brand as it lead cargo underwriter to head the cargo team for its Syndicate 2001.
MMC upgraded to 'outperform' by KBW on margin increase confidence
Global broking operation and financial services firm Marsh & McLennan has had its ratings upgraded to ‘outperform’ by a Wall Street firm on hopes that the company’s new management would increase margins.
Senior Guy Carpenter figure leaves for Catlin - sources
Mark Newman, one of the co-heads of Guy Carpenter’s global facultative reinsurance broking operation, has resigned from the world's biggest reinsurance broker to take up a senior job at Lloyd’s (re)insurer Catlin, sources close to the situation have said.
Scor admitted as P&C (re)insurer in Brazil
Scor has been admitted as a property and casualty reinsurer in Brazil. In addition, Scor is currently completing the formalities for SCOR Global Life US Re Insurance Company to operate as an admitted Life reinsurer in Brazil.
Talbot appoints construction underwriter
Talbot has appointed David Turner as its first dedicated construction underwriter, reporting to Steve Lloyd, Talbot’s head of Property.
Appointment at Marsh
Marsh has made three new additions to its programmes and franchise team. Nicholas Burt joins Marsh a...
Heritage acclaims Argo buy
Lloyd's insurer Heritage has said its pending acquisition by the Argo Group will take it "to the nex...
Appointment at Cunningham Lindsey
Cunningham Lindsey International has enlisted Rafael Calzadilla into its Caracas, Venezuela, office....
Axis sells off US business
Axis International Loss Adjusters and Surveyors has sold its US specialist adjusting business to Yor...
Dual International targets new UK bases
Dual International has revealed it is considering rolling out its operation across the UK. Executiv...
D&O rates jumping over 40% because of sub-prime - Iron Pro
Directors' and officers' insurance rates are jumping over 40% to the sub-prime credit disaster, says a senior director at Ironshore subsidiary Iron Pro.