Reinsurance
It's the same old soft-market story again
Rethink is where you tell us what is happenning in your industry - This month the rapidly softening market got you talking ..
Editorial - Welcome to Fac!
Dear Friend, Welcome back! It's uncanny. We knew we were well ahead of the curve when we launched F...
Don't 'bifurcate' - co-operate
Inside view
Catlin: benign storm season will accelerate soft market
Stephen Catlin, chief executive of Bermuda and London Market (re)insurer Catlin Group, has said that...
Resignations to hit profits at Benfield
Reinsurance broker Benfield has admitted recent senior departures from its facultative solutions tea...
News - People moves and promotions
The Cooper Gay Group has announced that James Summers has been appointed as chief executive officer ...
Recruitment moves
James Read has joined electronic trading service RI3K as sales and marketing manager, where he will ...
Property in perspective
Surveying the market for distressed property risks, Marc Jones takes in some of the less-usual areas of property facultative reinsurance out there, and discovers that the whole picture reveals quite a few lucrative areas of business for those who will…
Prize indemnity - Keep your eyes on the prize
Nestling in a small corner of the contingency market lies an exotic and imaginative arena where the only limits are those imposed by the imaginations of clients, brokers and underwriters. Mark Geoghegan took a tour around the wonderful world of prize…
Fac Back - Business in London?
We throw you the questions; you throw back your opinions of what is happening in your market
News focus - Results hit hard as Aon Re poaches Benfield fac boss
Aon Re Global has announced that Elliot Richardson will be head of its global cedent facultative rei...
News - Guy Carp specialty survey points to renewed appetite
Guy Carpenter's second annual survey of domestic US insurance companies that write substantial speci...
An Audience with ... GCFac
In another FAC first, Mark Geoghegan went head to head on film with Julian Samengo-Turner and Ron Whyte, global heads of GCFac. As the cameras rolled, the issues were confronted head on. Here's an edited taster
The biggest failure of our times
Shocked that when the 'big one' comes, most people are going to be uninsured, Mark Geoghegan argues we have a moral duty to provide earthquake cover to our customers
Natural selection
Mairi Mallon meets Jim Bryce, the chief executive of IPCRe and self-styled 'dinosaur of Bermuda', and finds out why, 13 years down the line, the company is not only still going strong, but is now branching out out of its traditional mono-line catastrophe…
Interview - Pure fac and proud of it!
Mark Geoghegan caught up with Matthew Keeping, executive director of Willis Re Fac, and discovered a client-focused, facultative reinsurance purist
Berkshire Hathaway-Equitas buy-out to bring finality to Names
Berkshire Hathaway has reached an agreement in principle on a structure in which National Indemnity ...
Max Re CEO quits as old finite wounds reopened
Bermudian reinsurer Max Re's founder, CEO and Chairman, Bob Cooney has resigned as the company reopened an internal investigation into accounting for finite risk retro contracts and advised markets that it would have to restate results a second time…
PwC appoints new global head of insurance
PricewaterhouseCoopers has appointed Ian Dilks as the new global head of its insurance group.
Endurance reports record 3Q, retains much less
Bermudian (re)insurer Endurance Specialty Holdings has reported net income of $128m for the third quarter of 2006 versus a net loss of $377m in the same quarter in 2005.
Aspen posts 26% premium growth in 3Q
Bermudian (re)insurer Aspen Insurance Holdings beat market expectations by posting a net profit of $95.0m the third quarter of 2006 compared to a loss of $362m for the same quarter in 2005. The figures were founded on a combined ratio of 81%.
3Q reveals a deleveraged Montpelier Re
Bermudian reinsurer Montpelier Re has reported net income of $76m for the third quarter set against a loss of $730.3m for the same quarter in 2005. The figures came on the back of a 58.3% combined ratio
What the papers said this week
The Daily Telegraph Motoring costs are up but consumers can cut insurance bills by choosing a 'gr...