Reinsurance
Guy Carp hails resilient Lloyd’s market
Guy Carpenter has praised the strength, stability and adaptability of Lloyd’s in its fourth annual report on the (re)insurance market.
Best affirms Africa Re
AM Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of "a-" of African Reinsurance Corporation (Nigeria). The outlook for both ratings has been revised to stable from negative.
The Major Loss Award - Brit Insurance - Hurricane Katrina
The British Insurance Awards 2006
The Risk Management Award - Tropical Storm Risk - The perfect storm
The British Insurance Awards 2006
Berkley hires former XL US president for R/I opps
W. R. Berkley has announced the appointment of C. Fred Madsen as senior vice president - reinsurance operations.
Best affirms Axis, waits for Charman successor plan
AM Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of "A" of Bermudian (re)insurer Axis Specialty Limited (Axis) and its operating affiliates. Concurrently, the agency has affirmed the ICR of …
Lloyd's climate change debate falls short says Ascot
A leading Lloyd's underwriter has criticised the market's opening debate on climate change for providing "little true weight" and predictable "rhetoric". Matthew Washington, aggregate manager at Ascot Underwriting, said of the Lloyd’s 360 Debate on…
Wellington credit rating downgraded
AM Best has downgraded the issuer credit rating of Lloyd's (re)insurer Wellington Underwriting (WU) to “bbb” from “a-”.
Tower Group enters novation agreements with PXRE
Tower Group has announced that it has concluded, through commutation agreements, PXRE Reinsurance Company's participation under various reinsurance agreements with Tower Insurance Company of New York covering the 2001, 2002 and a portion of the 2003…
Before you get into a sidecar, make sure you know who's driving
Mark Geoghegan looks at the extraordinary level of commitment and trust required to hand underwriting authority over to a third party
Swiss Re/GEIS merger will work
Re-think
Summer fun - only joking!
Dear Friend, Welcome to the first-ever July issue of Reinsurance! Normally as the major announceme...
New natural-catastrophe programme for Swiss Re
Swiss Re has announced the placement of a natural-catastrophe protection programme called Successor,...
Repeat of 1811 New Madrid quake in South-eastern US "could cost $60bn"
Risk Management Solutions (RMS) has announced the launch of a major update to its US and Canada eart...
Essential reinsurance travel tips
Inside tips
Weather risk - RMS introduces new wind-risk modelling for Europe
Risk Management Solutions (RMS) has announced the launch of a new platform for quantifying wind-rela...
Swiss Re finally absorbs GE Insurance Services
Swiss Re has completed the acquisition of GE Insurance Solutions (GEIS), which will be integrated in...
Recruitment moves
Re-sume
Ernst & Young signs up for Benfield’s ReMetrica
Benfield has announced that Ernst & Young has signed an agreement to license its ReMetrica Dynamic Financial Analysis (DFA) modelling tool to undertake a range of economic capital modelling work for its insurance and reinsurance clients around the world.
Swiss Re completes FPK sale
Swiss Re has completed the sale of its wholly owned subsidiary Fox-Pitt, Kelton (FPK) to an investor group led by J.C. Flowers and by FPK management. Swiss Re will hold a minority interest in the new company.
Appointment at CMGL
CMGL has appointed Nick Stretton as director, corporate and general insurer division. He joins the c...
Appointment at Aspen Insurance
Aspen Insurance has appointed Brian Boornazian to the newly-created position of head of reinsurance....
Rating agency lowers two syndicate ratings and raises two others
Rating agency Standard & Poors today said today that its latest Lloyd's Syndicate Assessment review, which showed "mixed results".
Validus increases leverage
Validus Holdings has announced that it has raised $150m through a private sale of junior subordinated deferrable interest debentures as part of a pooled transaction.