Reinsurance
First paperless settlement
Reinsurance broker Guy Carpenter and Lloyd's insurer Amlin last week claimed they had completed the ...
RMS stands by +40% hurricane damage forecast despite benign 2006
Risk Management Solutions has reaffirmed its medium-term five-year view of landfalling hurricane risk for the period of 2007-2011. The company is projecting higher modeled annualized insurance losses by 40% on average across the Gulf Coast, Florida, and…
Marsh expands its FACS team
Broking giant Marsh has expanded its Forensic Accounting and Claims Services team with the appointment of Luc Agostini.
Guy Carp and Amlin claim electronic claim first for London
Reinsurance broker Guy Carpenter and Lloyd’s (re)insurer Amlin say they have completed the London market’s first fully paperless claim settlement.
Appointment at Benfield
Benfield has appointed Robert Bredahl and Frank Wilkinson as executive director and non-executive di...
Appointment at Pricewaterhouse Coopers
Pricewaterhouse Coopers has made Ian Dilks global head of its insurance group. Based in London, Mr D...
Guy carp hires surety specialist
Guy Carpenter has announced the appointment of Ken Farricker as Senior Vice President in its Global Surety Specialty Practice.
Guy Carp claims Cat CDO first for Catlin
Reinsurance broker Guy Carpenter and fellow group company MMC Securities have placed a $200m collateralised debt obligation of natural catastrophe risk on behalf of Bermudian (re)insurance group Catlin.
Guy Carp claims Cat CDO first for Catlin
Reinsurance broker Guy Carpenter and fellow group company MMC Securities have placed a $200m collateralised debt obligation of natural catastrophe risk on behalf of Bermudian (re)insurance group Catlin.
CII regional move applauded
The Chartered Insurance Institute aims to increase the support provided to its local institutes with the appointment of the first area marketing manager.
PXRE expense ratio tops 200% in 3Q
Troubled Bermudian reinsurer PXRE has announced results for the third quarter showing net income of $4.5m before convertible preference share dividends, favorable loss development and an increased book value, despite reporting an expense ratio of over…
Government to consider flood grants for homeowners
David Miliband, Secretary of State for Environment, Food and Rural Affairs, has revealed that govern...
Axis CEO sells shares
Axis Capital Holdings has said its president and chief executive, John Charman, intends to sell shar...
Axis ceo to sell shares to finance divorce
Axis Capital Holdings has said its president and chief executive John Charman intends to sell shares in the Bermuda-based insurer from time to time, in order to fund his $91m divorce.
Munich Re posts stable third quarter
Global reinsurer Munich re has posted a combined ratio of 92% for its third-quarter reinsurance operations in 2006 on gross written premiums unchanged from the comparable in 2005 at €5.5bn.
‘Lucky’ Buffett posts bumper third quarter
The sparse North-Atlantic hurricane season has meant Berkshire Hathaway’s reinsurance businesses made a pure pre-tax underwriting profit of $912m in the third quarter of 2006.
Montpelier Re to lose board member
Bermudian (re)insurer Montpelier Re has announced that Steven Gilbert has advised the Company of his intention to resign as a member of the Board of Directors for personal reasons.
Aspen beefs up board
Bermudian (re)insurer Aspen has appointed three new directors to its board: Stuart Sinclair, President and Chief Operating Officer, John Cavoores, the former President and Chief Executive Officer of OneBeacon Insurance Company, and Glyn Jones, the former…
Looking back
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance ne...
PwC appoints head
Pricewaterhouse Coopers has appointed Ian Dilks as the global head of its insurance group. Mr Dilks ...
Benfield appoints two new directors
Benfield has appointed Robert Bredahl and Frank Wilkinson to its board of directors with immediate effect.
US D&O - Lulled into a false sense of security?
The current stability of the directors' and officers' liability (D&O) insurance market in the US may not last for long. Mairi Mallon draws out the perspectives of a number of industry representatives to paint the bigger picture
News - AIG buys US marine business from Arch
American International Group (AIG) has announced that one of its wholly owned subsidiaries has purch...
News - Swiss Re report says credit market now worth $6.9bn
Swiss Re has valued the credit and surety insurance market business at $6.9bn in premiums in its lat...