Reinsurance
Converium finally regains 'A' rating
Standard & Poor's (S&P) has raised Swiss reinsurer Converium's long-term financial strength rating t...
Benfield Corporate Risks spoils 2006 results party celebrations
(Re)insurance broker Benfield stunned the financial markets by unveiling a dismal performance from i...
Hannover Re completes $1.3bn Merlin securitisation
Hannover Re has claimed a first in transferring risks deriving from so-called reinsurance recoverabl...
The greatest story of our time
Global Legal Review
Validus gears up with $700m in credit deals
'Class of 2005' Bermudian start-up (re)insurer Validus has unveiled credit agreements aggregating $7...
Hannover Re's post-Praetorian plans
Hannover Re's senior management unveiled a seven-point plan following the release of its 2006 annual...
American Re-opened wounds spoil Munich Re 2006 result
Giant reinsurer Munich Re's bumper 2006 results masked substantial further reserve increases at its ...
Tokio Marine sets up life reinsurance on Isle of Man
Millea, the Japanese parent company of Tokio Marine, has teamed up with JP Morgan to form an Isle of...
Arch unveils $1bn buyback facility
Bermudian (re)insurer Arch has authorised the purchase of up to $1bn of its common shares through a ...
Flagstone IPO raises $175.5m
Class of 2005 Bermudian start-up Flagstone Re priced the initial public offering of 13m common shares at a price of $13.50.
Appointment at Aspen
Aspen has promoted Patricia Roufca to the role of associate group general counsel. Ms Roufca joined ...
Appointment at Benfield
Tony Dryden has joined Benfield's global facultative solutions team. Mr Dryden will be based in the ...
Unethical tactics slammed
Lancashire law firm Napthens Solicitors has voiced concerns on the increasing use of "underhand tact...
Appointment at Towergate
Towergate has made two promotions. Matthew Bray is now regional managing director for its central re...
Axis buys media liability specialist from Aon
Bermudian (re)insurer Axis has announced that it has agreed to acquire the assets and operations of Media/Professional Insurance (Media/Pro), a managing general underwriter specialising in professional liability lines of business, from Aon Underwriting…
Heritage reports bumper year despite Rock loss
Fledgling Lloyd’s insurer Heritage has reported bumper 2006 annual profits.
Equitas sale sees Lloyd's rating upgraded to A+
Fitch Ratings has today upgraded Lloyd's Insurer Financial Strength rating by one notch to 'A+'. At the same time, the agency has upgraded the Society of Lloyd's Issuer Default rating by one notch to 'A'.
Lancashire gets new CEO as Brindle takes back seat
Class of 2005 Bermudian (re)insurance start-up, Lancashire has appointed Simon Burton as chief executive and chief underwriting officer of Lancashire Insurance Company, the Group's Bermuda underwriting platform. Burton will also be Deputy CEO of its…
Hardy’s results mark ‘new chapter’
Hardy Underwriting Group has revealed its profit before tax has more than doubled on last year despite premium income dropping by £5.2m to £111.3.
Appointment at Willis Re
Willis Re has appointed Doug May as executive vice president of its new branch in Seattle. Prior to ...
Appointment at Guy Carpenter
Guy Carpenter has appointed Laurent Dignat to its newly created European solutions group. Mr Dignat ...
What the papers said this week
Sunday telegraph According to gossip at Lloyd's, Flagstone, a $1bn Bermudian insurer that is plan...
Benfield Fac headcount up with PWS defection
Reinsurance broker Benfield has announced the appointment of Tony Dryden to its global Facultative Solutions team. Mr. Dryden will be based in Benfield’s Singapore office, focusing on property and energy facultative reinsurance.