Reinsurance
Singer and Friedlander acquires Benfield Premium Finance
Singer and Friedlander Insurance Finance has acquired Benfield Premium Finance. In return for its 10...
Broking arm kept following merger
Capital Insurance Holdings will be left with only a broking operation if the deal to merge Lloyd's i...
Appointment at Aspen Re
Aspen Re has made John Henderson senior underwriter for marine and energy. He was previously active ...
Axis Capital announces changes
Axis Capital Holdings has announced a realignment of its organizational structure to alter the operations of its insurance businesses and its reinsurance businesses globally. As from January 1, 2005, the Company will implement two distinct global…
Benfield sells premium finance arm
Singer & Friedlander Insurance Finance has acquired Benfield Premium Finance.
Moody’s assigns debt ratings to Axis Capital
Moody's Investors Service has assigned first-time ratings to Axis Capital Holdings ($2.4 billion universal shelf registration; provisional senior unsecured debt at (P)Baa1) and to its principal insurance and reinsurance subsidiaries (insurance financial…
Munich Re posts latest results, bolsters subsidiary
Munich Re has announced that it made a profit of €365m in the third quarter of 2004, taking the company to a profit of €1.5bn for the first nine months of the year, up substantially on the loss of €0.5bn it made over the same period of 2003.
Europa appoints new chief executive
Irish insurer the Europa General Insurance Group has appointed Jack McIlduff group chairman and chief executive following the retirement of co-founder and chief executive Tony Royliston.
PXRE announces share offering
PXRE Group has announced that it and certain selling shareholders expect to make a public offering of its common shares having an aggregate selling price of approximately $100m (4.08 million shares at the closing price on the NYSE on November 3, 2004) in…
2004 hurricane season not unusual
The 2004 hurricane season, which saw four hurricanes hit the State of Florida, should not be considered rare according to an analysis conducted by AIR Worldwide (AIR).
Letter from Baden-Baden
The Spitzer investigation into alleged broker malpractices intruded into the renewal discussions at ...
Lloyd's: jailed broker is a one-off
Lloyd's and the Serious Fraud Office have said the imprisonment of a broker last week is the excepti...
Admiral exercises Converium trigger ..
Admiral Group has announced a change to its proportional reinsurance arrangements for wholly owned u...
RMS assesses Jeanne cost
Risk Management Solutions (RMS) has estimated that insured losses from Hurricane Jeanne at between $...
Europe reserves judgement
Europe
Montpelier Re to provide terrorism cover
Montpelier Re and Montpelier Agency have entered into agreements with the Overseas Private Investmen...
Retro boosters
Retrocession
Appointment at Aspen Insurance UK
Aspen Insurance UK has announced that Kevin Golson has joined the company as a marine hull underwrit...
Spitzer blows a hole in the side of the insurance sector
The New York Attoney General's scrutiny of broker compensation has caused heads to roll in the US. Others must wait and see
Shaken, not stirred
Recent tremors in Romania coincided with conferences on earthquake risk, reminding delegates that an insurance pool is a necessity in a seismicly active region
New bid called for Yacyreta plant insurance
Latin America
Montpelier Re announces Q3 loss
Montpelier Re has reported a net loss of $78.2m for the three months ended September 30, 2004. The loss takes net income for the nine months ended September 30, 2004 to $137.9m.
New reinsurance head at Glencairn
Broker Glencairn has hired Adam Fox to lead its reinsurance division.