Reinsurance
Recall food bill could total billions
Insurers will not foot the bill for the biggest product recall in UK history but the cost of paying ...
US Senate to extend bill
News in Brief
Moody’s announces new appointment
Moody's Corporation has named Jennifer Elliott vice president and chief human resources officer.
Industry support for TRIA extension
The Independent Insurance Agents & Brokers of America (IIABA) has hailed the introduction of a bill in the US Senate to extend the Terrorism Risk Insurance Act (TRIA).
AM Best downgrades Inter-Ocean subsidiaries
AM Best has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the issuer credit rating to “a-” from “a” for the reinsurance subsidiaries of Inter-Ocean Holdings (Bermuda). The ratings apply to Inter-Ocean Reinsurance…
Silica will not follow the asbestos litigation path, says report
Insurance risk and reinsurance specialist Guy Carpenter and Company has released an update to its 2004 report “Silica A Litigation Sandstorm”. According to the report, two recent developments in silica litigation, although limited in scope, allow some…
Path to success: Property Reinsurance
Emma Branch, property reinsurance underwriter at Gen Re, reflects on her career to date
Appointment at Assurant Solutions
James Carpenter has been appointed head of product management at Slough-based Assurant Solutions. He...
Arch boosts property team with Allianz team leader hire
Arch Insurance has appointed Alex Campbell as property underwriting manager.
Munich Re: renewals add to profit forecast
Munich Re has forecast profit of around euros 1.8bn for 2004 and stated that renewal of non–life reinsurance treaty business at 1 January 2005 has been very successful "despite some Cassandra–like prophecies"
2004 a record year for US P/C losses
US property/casualty insurers paid a record $27.3bn for insured property losses to homeowners and businesses from 22 catastrophic events last year — surpassing losses from 2001 that included the September 11 attack — according to estimates by ISO’s…
Infected airwaves
Risk Report
Appointment at Tokio Marine Global
Adrian Ballardie has joined Tokio Marine Global as chief underwriting officer. Mr Ballardie was prev...
Partner Re announces Windstorm Erwin claims
Partner Re has announced that claims relating to its exposure to Windstorm Erwin, which hit Northern...
Survival of the fittest
Premium Finance
Loss assessor charged over alleged money laundering
Loss assessor David Rawstron of Salisbury, Hamer, Aspden and Johnson, has been charged along with se...
Moody’s affirms St Paul Travelers debt ratings
Moody's has announced that it has affirmed the long-term debt ratings of The St Paul Travelers Companies and also affirmed the Aa3 insurance financial strength ratings (IFSR) of the members of the legacy Travelers intercompany pool.
Appointment at Carvill
Recruitment
Glacier Re launched
Glacier Reinsurance, a Swiss start-up reinsurance company, has been launched, having successfully ra...
PCS expands services
ISO's Property Claim Services (PCS) unit has expanded its services to include loss estimates for pot...
Benfield researches risk measurement
Benfield has produced a new research paper, 'Risk Measurement in Insurance', which aims to provide a...
Market needs a steady hand
The new year finds the reinsurance market wearing a poker face, waiting to see which of the many fac...