Reinsurance
Marsh seeks new head
Global broker Marsh is seeking a replacement chief executive after Brian Storms resigned last week. ...
Bush Administration threatens veto for TRIA extension
The Bush Administration has issued a statement calling for serious amendments to the latest extension of the Terrorism Risk Insurance Act (TRIA) Federal terrorism backstop legislation making its way through the US Congress or it would recommend the…
Omega bet on US pays off in first half
Lloyd’s, Bermuda and US (re)insurer Omega Underwriting has unveiled interim results showing profit before tax up 119% to $20.4m (2006: $9.3m) on a benign combined ratio of 82% (2006: 86%).
Atrium profits increase to £23.8m
Atrium has announced its final set of numbers before delisting and completing its acquisition by Ariel, with a profit before tax of £23.8m for the first half of the year (30 June 2006: £7.9m).
Special risk unit launched by Munich Re
German reinsurer Munich Re has set up a dedicated unit to develop products offering protection against enterprise risks.
Penny Black's insurance week
Hot on the heels of the completion of its long and very hard-fought takeover of Converium, Scor's ch...
Start-up hails its timing with new run-off venture
Liability Report
What the papers said this week
Mail on Sunday Small businesses are to be hit with a 5% rise in their commercial insurance, fol...
Market unanimous over UK flood impact
Reinsurance renewal rates in the UK household market will not suffer from the UK summer floods, acco...
Reinsurers warn over terror pool pull-outs
Reinsurers Munich Re and Swiss Re are warning governments not to pull out of terrorism pools in Euro...
Benfield rate hit
Reinsurance broker Benfield's chief executive Grahame Chilton singled out its facultative and corpor...
Third Nat Cat exchange contract to launch
Insurance Futures Exchange Services Ltd (IFEX) and Deutsche Bank AG have announced the planned launch of trading in catastrophe event-linked futures (ELF) on the Chicago Climate Futures Exchange (CCFE) later this month, pending CCFE’s self-certification…
Benfield Fac weathers walkout as Corporate Risks ‘gains traction’
Reinsurance broker Benfield’s chief executive Grahame Chilton singled out two specific company segments as the firm unveiled its 1st half 2007 results today.
Global Cat market rates drop 6%
Global catastrophe reinsurance market rates have tumbled 6% this year, versus an increase of 32% in 2006, according to an annual report by leading broker, Guy Carpenter.
Benfield releases interim results
Reinsurance and risk intermediary Benfield has announced its interim 2007 results, with revenue decreasing by 3.6% on the same period last year.
Broker appoints new MD
Reinsurance broker Guy Carpenter has appointed Paul Lumbis as managing director of corporate finance...
Monte Carlo rallies
Monte Carlo Preview
Appointment at Miller
Victoria Barrett has joined Miller Insurance as a broker and associate director of its professional ...
Felix to cost less than $200m says RMS
Insured losses from Hurricane Felix , which hit the border of Honduras and Nicaragua, are likely to be less than $200m, according to modelling firm Risk Management Solutions (RMS)
Benfield launches capital markets division
Benfield has announced the launch of a capital markets division within its corporate finance and advisory business, Benfield Advisory.
Guy Carp appoints corporate finance specialist
Reinsurance broker Guy Carpenter has announced that it has appointed Paul Lumbis as managing director of corporate finance, Europe. Mr. Lumbis will be responsible for leading the firm’s European corporate finance business, with a particular emphasis on…
Recruitment moves
Re-sume
Just what is a reinsurer to wear this season?
Dear friend, What to pack for Monte Carlo? It's the vexed question everyone is asking themselves as...