Reinsurance
Rossi back with headhunting remit
Marie-Louise Rossi is aiming to re-establish herself as a major player in the insurance industry at ...
Benfield opens office in Taiwan
Reinsurance broker Benfield has announced the opening of a branch office in Taipei, Taiwan under the name Benfield Taiwan.
Fitch still negative on PXRE
Fitch Ratings has maintained its negative outlook on troubled Bermudian property-catastrophe reinsurer, PXRE.
Folksamerica affirmed after sidecar probe
AM Best has affirmed its ratings of White Mountains US reinsurance subsidiary, Folksamerica Re after investigating the robustness of its Bermuda sidecar reinsurers, Olympus and Helicon.
Appointment at Benfield
Benfield has appointed Phil Bonner and Andrew Phelan to strengthen its capabilities in the credit, s...
Magazine/Brit winners
The winners of the Post Magazine/Brit Insurance cricket competition for tickets for this weekend's t...
Scottish Re moots outright sale as possible solution to liquidity problems
Troubled life reinsurer Scottish Re has highlighted the possibility of outright sale of the company, among other refinancing alternatives as a solution to a short-term liquidity position the firm described as “very tight”.
AM Best may give sidecars ratings ‘haircut’
AM Best has said that in the future it will look much more closely at the true financial benefit to reinsurers of ‘sidecar’ reinsurance arrangements
Glacier Re wins rating affirmation with $30m injection
Swiss-based reinsurer Glacier Re has announced it has secured $30m in new capital from its existing shareholders, prompting an affirmation of it’s A- rating by AM Best.
Gallagher Re poaches Benfield brokers for SF office
Gallagher Re has announced the appointment of two former Benfield production brokers to head up a new San Franciso office that the firm has opened. .
Appointment at Premium Credit
Premium Credit has made Bonnita Apperley marketing manager. She has worked for Singer and Friedlande...
Biggest divorce award in legal history
John Charman has been ordered by the High Court to pay his former wife a total of £48m in what is be...
Reinsurer Lancashire's operating income
Start-up reinsurer Lancashire has reported operating income of $42.7m (£22m) for the first half of 2...
Guy Carp opens shop in Taiwan
Guy Carpenter has announced that it has opened a new office in Taipei, Taiwan,
AIG starts planned IPC stake sale
AIG and Bermudian property catastrophe reinsurer IPC holdings have announced that AIG is commencing an underwritten public offering to sell 13.397 million IPC common shares, with an option for 2 million more.
Axis writes 43% more reinsurance premiums in 2Q
Bermudian (re)insurer Axis Capital has reported gross premiums written in its reinsurance segment increased by 43.8%, or $111.5m to $365.8m, for the quarter ended June 30, 2006 compared to the same period of 2005.
PXRE loses 82% of 1/1 business, expenses mount, run-off looms
Troubled Bermudian property catastrophe reinsurer PXRE has announced that it has lost 82% of the business it had in force at 1st January 2006 and that its expense ratio now exceeds 100% due collapsing premium income and the additional cost of hiring…
"Weatherproof" Hannover Re exceeds H1 targets
Global reinsurer Hannover re posted strong 1st half results, growing gross premiums by 12.8% and producing a return on equity of 19.9% after tax despite reducing exposure in peak zones.
Aspen appoints President and COO
Bermudian (re)insurer Aspen Insurance Holdings has announced the appointment of Stuart Sinclair as President and Chief Operating Officer of Aspen. In connection with his appointment, it is expected that Mr. Sinclair also will join the company's Board of…
Lancashire reports £22m profit
Startup reinsurer Lancashire has reported operating income of $42.7m (£22m) for the first half of 2006.
Swiss Re posts first half profit
Swiss Re has reported successful first half 2006 results with net income of CHF 1.6bn, up 16% compared to a strong first half of 2005. Annualised return on equity was 13.9% and shareholders’ equity increased 18% to CHF 27.1bn.
Charman pays out £48m in divorce case
John Charman has been ordered by the High Court to pay his former wife a total of £48m, in what is believed to be the biggest divorce award in legal history.
Munich Re chalks up first half 2006 profit
Munich Re has announced that its profit for the first six months amounted to €2.1bn (1st half-year 2005: €876m), with the operating result rising by 48.6% to €3.3bn (2.2bn).
Endurance Specialty buys up cat cover from Shackleton Re
Endurance Specialty Holdings has announced that its subsidiary, Endurance Specialty Insurance, had acquired $235m of multi-year, collateralized catastrophe reinsurance from Shackleton Re. This new reinsurance is designed to enhance Endurance's ability to…