Reinsurance
Appointment at Brit
Brit Insurance Holdings has made a string of appointments. Richard Webster has become business devel...
Berkshire Hathaway investigate
News in brief
Sky high
The UK's VE day celebrations were marred last weekend after the last remaining B-17 Flying Fortress ...
Integro: London base in "months"
Newly formed global independent insurance broker Integro has issued a challenge to the top three bro...
Appointment at RK Carvill
Carvill has made John Cavanagh and David Thomas joint chief executive officers. Mr Thomas assumes th...
AM Best leaves Converium ratings unchanged
AM Best has said that all ratings of Converium remain unchanged following the publication of the company’s first quarter 2005 results.
Munich Re releases Q1 2005 figures
Munich Re has announced that its first quarter figures for 2005 have placed it on course with a quarterly profit of €688m, with significantly higher results in primary insurance and reinsurance and further strengthening of earnings potential through…
AM Best rates St Paul Travelers
AM Best has affirmed the financial strength rating of A (Excellent) and assigned an issuer credit rating of “a” to St. Paul Travelers Insurance Company (United Kingdom). Both ratings have a stable outlook.
Berkshire Hathaway to buy medical liability Insurer
General Electric and Berkshire Hathaway have announced that GE Insurance Solutions has entered into a letter of intent for the sale of Medical Protective Corporation, professional liability insurers for physicians and dentists, to National Indemnity, a…
Integro launches with $300m backing
Ex-Marsh executive Bob Clements has announced the launch of his new brokerage, Integro, after raising $300m for the start up.
RI3K supports contract certainty with fac re roll out
RI3K has announced the delivery of a fully London Market Principles compliant electronic transaction module for facultative reinsurance.
Zurich could face postal ballot bill
Zurich Municipal could face a hefty claim following today's election, after thousands of faulty post...
London banks on goodwill
The group charged with leading the London market towards contract certainty will rely on goodwill an...
SEC broadens finite reinsurance probe
New York-based specialty insurance company Assurant has said that it has been subpoenaed by the Securities and Exchange Commission (SEC) as part of the agency's investigation into finite reinsurance and insurance.
Marsh bemoans softening market as income falls by two thirds
Marsh and McLennan today reported its net income was $134m for the first quarter of 2005 (2004: $446m).It added consolidated revenues totaled $3.2bn, and that the results include pretax charges for restructuring, employee retention, incremental…
Hannover Re charts clear course ahead
Hannover's Chairman Wilhelm Zeller sees a profitable 2005 having riden out the storms of 2004 to return a EUR577m profit
AM Best rates Montpelier Re
Re-ratings
Hannover Re profits hit by nat cat losses
An unusually high burden of major losses from natural catastrophe events in the third quarter of 200...
Is it really "different this time"?
Editorial & Contents
Electronic claims progress in London
Claims reform in the London market has taken a big step forward with 13 top managing agents and brok...
AIR launches glass-loss modelling service
AIR Worldwide Corporation has announced a new catastrophe-modelling service to assess potential insu...
Munich Re optimistic about year ahead
Munich Re has announced that it has an optimistic outlook for the business year 2005.