Reinsurance
Recruitment moves
Re-sume
Scor securitses €160m with Atlas IV Cat bond
European reinsurer Scor has securitised €160m of European windstorm and Japanese earthquake risk through a Cat bond issuance.
Funding issues hamper plant theft task force
Insurers remain at odds with the police over funding a plant theft action task force despite the lat...
What the papers said this week
Times Speculation that reinsurance broker Benfield could be subject to a bid from rival US gian...
S&P: Catlin ratings unaffected by subprime
Ratings agency Standard & Poor's (S&P) has said that that the counterparty credit and insurer financial strength ratings and outlook on core entities of Catlin Group Ltd are unaffected by the announcement that Catlin expects to incur a $75m charge in the…
Montpelier launches US direct property Fac operation
Montpelier Re has announced the launch of a direct property facultative (DPF) division underwritten by its Lloyd’s syndicate 5151 US coverholder Montpelier Underwriting Inc (MUI).
Taylor to step down as Montpelier CEO in June 08
Bermudian reinsurer Montpelier Re has announced that it has extended its chairman and chief executive Anthony Taylor’s contract for 2 years from 1st January 2008, but that he will step down as chief executive from June 30th off that year to take up a…
Appointment at Integro
Integro has added two principals to the firm's insurance and reinsurance group based in London. John...
Breaking up is hard to do
Legal Comment: Staff defections
Appointment at Talbot
Talbot has made six senior underwriting appointments. James Skinner is appointed head of marine unde...
Rating agency puts Swiss Re under review
Rating agency AM Best has placed Swiss Re’s financial strength rating of A+ under review with negative implications.
Swiss Re senior managers grilled over sub-prime loss
Stockmarkets sold off Swiss Re shares hard as senior management spent all day yesterday (Monday 19th November) in calls with analysts explaining the circumstances and outlining the possible extent of the financial damage caused by its exposure to complex…
Swiss Re in $1bn credit crunch loss
Swiss Re has had to report a CHF1.2bn ($1.07bn) billion loss as it marked the value some of the asset backed securities forming part of two credit default swaps written by its Credit Solutions unit down to zero. The firm also revealed it still owned a…
Deadly 7 metre storm surge threatens 2 million in Bangladesh
Modelling firm Risk Management Solutions (RMS) has warned of the possiblity of a devastating humanitarian catastrophe in Bangladesh as Typhoon Sidr closes in on on landfall in a potential re-run of a 1991 loss that caused 150,000 deaths.
Paris Re net premium falls 14% in Q3
Swiss-headquartered reinsurer Paris Re has posted third quarter results that show net written premiums falling 14% when compared to the same period a year earlier.
Investor bought out
Start-up reinsurer Lancashire has bought out one of its founding investors just weeks after announci...
Appointment at Talbot
Jeremy Austen has been made chief executive officer of Talbot Asia. Mr Austen has worked in the insu...
What the papers said this week
Norwich Evening News Norwich Union will put three of its city centre buildings up for sale in t...
VP acclaims "light touch" as it acquires three more
Axa's swoop on the broking sector continued this week with the acquisition of three additional compa...
Appointment at Aspen Insurance
Aspen Insurance has appointed Liaquat Ahamed to the board as a non-executive director. Mr Ahamed, wh...
Venture Preference acquires three brokers
Axa-owned Venture Preference has acquired two brokers through its Smart & Cook business and one via its Stuart Alexander business to boost its SME broker’s GWP by £25m.
Reshuffle at Guy Carp's European and Asia Pacific operations
Guy Carpenter has announced a number of key executive appointments to its European and Asia Pacific broking operations.
Hannover Re 3Q results show net income over $400m
Hannover Re has reported a group net income of €296m ($434m) for the third quarter of this year – an increase of almost 140% on the same period of 2006.
Glacier appoints Bothe for treaty
Glacier Reinsurance has appointed Ralph Bothe as treaty underwriter. He takes up his position immediately.