Reinsurance
Fac Back - Medical malpractice
This month, a letter from the MDU - have your say on www.facmagazine.com and www.blog-re.com
Interview - The year of fac opportunity
Mark Geoghegan tracked down Malcolm Payton (MP), global practice leader for facultative solutions at JLT Re, and found a man on a mission to fill the gaps treaties just can't fill
Stop moaning and deal with it!
Inside view
Florida governor imposes rate cap
An emergency rule forcing property insurers in Florida to freeze rates has been approved.
Benfield man joins Converium after departures
Swiss reinsurer Converium has made two appointments following the departure of senior executives in its property & casualty and life & health departments.
Hurricane threat not over says expert
The threat of hurricanes in the Atlantic region will remain high for decades, a report by a leading physicist has warned.
Munich Re battens down the hatches as 1/1 premiums fall 3%
Global reinsurer Munich Re has said that overall it is satisfied with the outcome of the 1st January renewals, but pointed to a 3úll in premium volumes and an increasingly competitive market.
K5 latest Cat bond to be hit by Kyrill
Hannover Re has confirmed that risk securitisation ‘K5’ has softened the blow caused by last month’s winter storm Kyrill.
Benfield poaches Cooper Gay exec for Fac successor
Benfield has announced the appointment of Jeremy Goodman to head the company’s global Facultative Solutions team.
RAA slams Florida "gambling" on Cat risk
The Reinsurance Association of America (RAA) today warned that the insurance reform bill enacted by the Florida legislature amounts to “gambling” by the State of Florida.
Munich Re €110m Cat bond may be triggered on Kyrill loss
Standard & Poor's (S&P) has placed Munich Re’s Aiolos catastrophe bonds on negative creditwatch after the giant reinsurer advised of a potential claim event under the cover.
Florida Cat change
The Florida legislator’s dramatic intervention in the State’s catastrophe (re)insurance market at the end of January will wipe out up to $2bn in reinsurance premiums and will have a dramatic effect on the worldwide property catastrophe market, a leading…
Indie hearing: Bright and Condon face the camera
Micheal John Bright, former company chairman and managing director of Independent Insurance and Philip John Condon, former deputy managing director, were filmed as they entered Southwark Crown Court for this week's preparatory hearing.
Markel sees income rise by $245m in 2006
Markel Corporation has recorded an impressive 2006, with net income up from $148m in 2005 to $393m, largely attributable to improved underwriting performance.
Marine market waits on beached cargo ship claims
The cargo ship beached on the UK's South-west coast is insured by at least four different companies,...
RMS estimates £1.9bn-£3.2bn windstorm loss
Risk Management Solutions has released an initial estimate of EUR3-5bn (£1.96bn - £3.27bn) for insured losses from Windstorm Kyrill.
Former CEO returns to head White Mountains
White Mountains has embarked on a reshuffle of its senior management. The company has once more called upon the services of Ray Barrette as chairman and chief executive officer, succeeding Jack Byrne as chairman and Steve Fass as chief executive. In…
Equity acquires Holdsure
Equity has acquired Carrickfergus-based insurer, Holdsure; a move designed to further consolidate its market leading position in Northern Ireland and closely follows its purchase of Belfast Broker, Open and Direct Insurance Services.
Swiss Re calls for claims index to boost European ILS market
Swiss Re is advocating the establishment of a market loss index for natural catastrophe risks to aid the expansion of the insurance-linked securities (ILS) market in Europe.
Guy Carpenter in Benfield intercept
The West Coast of the US has seen a transfer of broking talent as Benfield’s Garick Zillgitt has moved to Guy Carpenter.
Axis reshuffle brings Reding to COO of insurance arm
Bermudian (re)Insurer Axis has announced the appointment of Dennis Reding, currently Chairman of Axis Insurance, to the new position of Chief Operating Officer of Axis Capital reporting to the CEO and President of Axis Capital, John Charman.
Chilton dismisses Nymex contracts
Benfield chief executive Grahame Chilton has dismissed the forthcoming Nymex-CME ‘Re-Ex Index’ tradable contracts as merely a revamp of a similar scheme his company had in the early nineties. “I think the world’s moved on since then,” he said in a…
Greenlight latest class of 2005 member to seek IPO
Greenlight Re, the Cayman-domiciled reinsurer has filed for an initial public offering of shares to raise up to $175m.
RAA calls for single US reinsurance regulator
The Reinsurance Association of America (RAA) has called for the United States to have a single reinsurance regulator.