Reinsurance
Brit hires Webster
News in brief
What the papers said this week
Financial Times - Jardine Lloyd Thompson has begun an inquiry into procedures in a Cayman Islands su...
Atrium boasts of market position
Lloyd's insurer Atrium this week predicted that it was better placed than its competitors to generat...
Florida subpoenas 17 reinsurers
Florida Insurance Regulation Commissioner Kevin McCarty has subpoenaed 17 reinsurance companies to request information related to finite reinsurance activities in the insurance industry.
Atrium buoyant after profits rise
Atrium Underwriting has announced a 75% rise in 2004 pre-tax profits.
Moody’s upgrades Hannover Re
Moody's Investors Service has upgraded the insurance financial strength rating (IFSR) of Hannover Reinsurance to A3, from Baa1 and the rating on guaranteed subordinated debt of Hannover Finance to Baa2, from Ba1.
Zurich London downgraded
A.M. Best has downgraded the financial strength rating to B++ (Very Good) from A (Excellent) of Zurich Specialties London.
Firms could be left reeling after Rover collapse
The fallout from the collapse of manufacturer MG Rover could highlight the problem of underinsurance...
Talbot Holdings announces record pre-tax profits
Talbot Holdings, the Bermudian holding company of the specialty insurance group, has announced recor...
Ohio AG expands AIG lawsuit
Ohio Attorney General Jim Petro has widened the scope of the securities fraud class action lawsuit currently pending against American International Group (AIG) and others by filing an amended complaint in federal court in New York.
Aspen grows aviation insurance team
Aspen Insurance UK has hired David Whiter as senior underwriter for aviation insurance, a newly created position. Based in London, he will report to Nick Bonnar, head of specialty lines at Aspen, and head up the aviation team.
Senate committee chairman sceptical on need for TRIA
The chairman of the US Senate’s Banking, Housing and Urban Affairs Committee has said he intends to approach the question of extending the Terrorism Risk Insurance Act (TRIA) with a "critical but, I hope, open mind."
AM Best rates Montpelier Re
AM Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Montpelier Reinsurance.
US property premiums to continue to fall
US property premiums are expected to continue to fall, according to the latest report by broker Aon. It said that although the third quarter of 2004 saw the highest quarterly insured losses ever in the US following a season of multiple hurricanes, buyers…
Buffett questioned over AIG probe
Billionaire investor Warren Buffett has been questioned by regulators about his involvement with American International Group (AIG).
Cunningham Lindsey acquires Axis USA
Cunningham Lindsey International has acquired Axis USA, a well-established US adjusting company based in New York and California.
Broker develops warning system
Reinsurance broker Benfield revealed it is leading the industry's fight to develop a tsunami warning...
New prediction for 2005 Atlantic hurricane season
London Market News
Omega raises £18.2m with AIM flotation
London Market News
Spitzer speaks out on AIG investigation
New York attorney general Eliot Spitzer has commented on the ongoing investigation involving America International Group (AIG) and alleged questionable practices.
Odyssey Re hit by nat cat losses
Odyssey Re has announced that it expects after-tax net losses in the range of $26m to $29m during the first quarter of 2005 from a number of natural catastrophes.
Assessing the worst-case scenario
Risk modelling
Munich Re posts healthy profit
Munich Re has announced a return to profit for 2004, with all business segments contributing to the ...
Appointment at Moody's Corporation
Recruitment