Reinsurance
Appointment at Guy Carpenter's Munich office
Guy Carpenter has announced that managing director Jan Stormann has been appointed to head Guy Carpe...
Tria causing concern for risk managers
Attendees at the Risk and insurance management society (Rims) event in San Diego are calling for increased awareness about what will happen if the Terrorism Risk Insurance Act (Tria) expires as planned on December 31, 2005. There is a feeling that the US…
Aon reports reduction in US commercial property insurance premiums
A combination of improved investment returns for insurers and increased capacity, together with a significant absence of man-made or natural catastrophic losses in 2003, has resulted in an average reduction in premiums of 10% for buyers of US commercial…
S&P withdraws ACTR from ratings
Standard & Poor’s (S&P) has announced that it has first lowered and then withdrawn the counterparty credit and financial strength ratings of Ace Capital Title Reinsurance (ACTR).
Von Bomhard fixes on profitable future for Munich Re
Nikolaus Von Bomhard, the new chairman of Munich Re’s board of management, has said that the group’s objective for 2004 is a net profit of €2bn.
Hannover Re signs up with eReinsure
Hannover Re has announced that it has contracted to use eReinsure’s online platform for reinsurance negotiation.
Appointment at Aspen Insurance
Ian Campbell has been promoted to finance director for Aspen Insurance UK and has joined the UK boar...
Claims specialist Axis changes hands
National law firm Colemans-ctts has acquired Axis, the claimant division of northern law firm Ricksons, for an undisclosed sum.
TRIA extension calls continue
The Independent Insurance Agents and Brokers of America (IIABA) has joined the growing number of insurance associations calling for an extension of the terrorism risk insurance act (TRIA).
NAIC members want action over Tria
Key members of the National Association of Insurance Commissioners (NAIC) have written to US Congressional leaders urging that the federal government should ensure marketplace stability and economic security ahead of the expiry date of the Terrorism Risk…
AM Best affirms A rating for Catlin Insurance Company
AM Best has affirmed the financial strength rating of A (Excellent) for Catlin Insurance Company.
Stable outlook for Top Layer Re
AM Best has affirmed Bermuda-based Top Layer Re’s financial strength rating of A+ (superior), and has announced that the outlook is stable.
Savannah Re announces new deal
Savannah Re has concluded an agreement to provide underwriting services to Platinum Underwriters Reinsurance and the Glencoe Group.
Aspen Re appoints new Finance Director
Aspen Insurance Holdings has promoted Ian Campbell to the position of finance director of Aspen Re and appointed him to the board.
Atrium syndicate 609 upgraded by Moody's
Moody’s Investors Service has upgraded the performance rating of Atrium Underwriting's syndicate 609 to A (Very Good) following the conclusion of a review for possible upgrade instigated earlier this month. A stable outlook has been assigned to the…
What the papers said this week
THE GUARDIAN City Councillors of Aliso Viejo in California, have proposed a motion to ban the pot...
Hannover Re posts profit for 2003
Hannover Re has posted a EUR732.1m (£488.6m) profit for 2003, a rise of 55% on the EUR470.9m it made...
Are the clouds lifting?
How are global (re)insurers faring in the current climate? Sal Zaffino considers the outlook is not as bad as expected
In-sourcing the back office
As claims move up the agenda for reinsurance buyers, Guy Carpenter has brought its UK back-office processes closer to home
A class above
Bermuda's 'Class of 2001' (re)insurers grew rapidly in 2003, and delivered a volume of income that w...
Swiss Re streamline processes with Benfield
Benfield and Swiss Re are to use a centralised electronic messaging and routing system to standardis...
Appointment at Montpelier Re
Montpelier Re has unveiled the appointment of Anthony Taylor chairman of the board of directors. Mr ...