Reinsurance
Retrocessional deal - Berkshire Hathaway assumes 20% of Swiss Re P&C portfolio
Warren Buffett's Berkshire Hathaway has once again taken the market by surprise after securing one o...
Renewed and refreshed?
Renewals
Aon completes 80% of 1/1 electronically
Aon completed as much as 80% of its 1/1 treaty reinsurance renewal placements electronically in Dece...
New quota-share treaty for XL Re
Bermudian reinsurer XL Re has announced a quota-share reinsurance treaty with a newly formed Bermuda...
No time for a breather
Mairi Mallon catches up with Ed Noonan of Validus
Alec Finch announces new MD
Alec Finch and Company has announced the appointment of Paula Williams as managing director with effect from 1 February 2008.
Benfield expands its presence in China
Independent reinsurance and risk intermediary Benfield announced today it has received approval from the China Insurance Regulatory Commission to open a new representative office in Beijing.
Sea surface warming leads to increased Atlantic hurricane activity
New research quantifying the impact of rising Atlantic sea surface temperatures has helped improve the understanding of how hurricane risk changes as the sea surface warms, allowing insurers and reinsurers to better manage their risks now and in the…
Munich Re trumpets record 07 profit
Global reinsurer Munich Re has announced it expects to declare a record profit of €3.9bn (£2.9bn) for 2007 and would increase its dividend by 22% to €5.50 a share.
Aviva enters South Korean life market
Aviva has announced that it is to enter the South Korea life insurance market by forming a consortium with Woori Finance Holdings.
XL sees ratings slump
Insurance giant XL has seen its insurer financial strength ratings downgraded by both Fitch and AM B...
Appointment at Endurance
Win Hotchkiss has joined Endurance Worldwide Reinsurance as senior vice president, capital markets. ...
Axa improves online tracking
Axa has overhauled its online new business tracking in response to feedback from advisers.
Swiss Re joins Deutsche Bank as IFEX market maker
Insurance futures exchange IFEX has announced that Swiss Re Capital Markets will make markets in the US tropical wind event linked futures contracts listed on the Chicago Climate Futures Exchange.
Heritage weighs up new deals after acquisition collapse
Heritage has confirmed it is considering fresh approaches for a takeover, after Ironshore pulled out...
Aon Re Global Fac appoints head of strategy
Aon Re Global Fac has appointed Oliver Schofield as head of global strategy. Mr Schofield has also been appointed to the Aon Re Global Fac executive committee.
Berkshire Hathaway acquires 3% stake in Swiss Re
Swiss Re announced today that Berkshire Hathaway has acquired a 3% stake in the company. Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway. The capital released as a result of this reinsurance contract will be used to buy back…
Insurance cover for Nursing and Residential Care Homes set for growth, says Aspen
Aspen Insurance UK, a subsidiary of Aspen Insurance Holding, has issued a detailed report on the state of Nursing and Residential Care Homes in the UK.
Guy Carp and Lucida close €100m annuity transaction
Reinsurance broker Guy Carpenter has announced the completion of a multi-year annuity reinsurance transaction for Bank of Ireland Life, the life assurance arm of the Bank of Ireland Group.
Heritage rejects Ironshore as other bidders enter the fray
Ironshore has pulled out of the bidding for Lloyd's insurer Heritage.
Partner and RenRe ratings unaffected by ChannelRe write-off
Ratings agency AM best has said that the ‘A+’ financial strength ratings of Bermudian reinsurers PartnerRe and Renaissance Re are unaffected after Wednesday’s combined $200m writedown of equity stakes in MBIA’s financial guarantee sidecar reinsurer,…
THB reports "dissappointing" results
THB this morning reported profit before tax £1.07m lower on turnover down 7%.
Credit crunch forces $200m Partner and RenRe write-downs
Bermudian reinsurers RenaissanceRe and Partner Re have announced write-downs of the full value of their investments in Bermudian reinsurer, ChannelRe, which writes financial guarantee reinsurance for troubled US bond insurer MBIA.
CILA fears for members
The Chartered Institute of Loss Adjusters has warned that its members will struggle to maintain serv...