Reinsurance
Facing the future
A sad but necessary quality in all aspects of daily life is to be able to control the fear of experi...
Court rules on HIH contracts
The New South Wales Supreme Court has approved a deed that will return approximately A$300m to the l...
Benfield posts profit
Reinsurance intermediary Benfield has announced that it made a pre-tax profit of £31.2m over 2003, a...
Benfield launches underwriting pricing tool
Benfield today announced the launch of CAPRe (Capital Allocation Pricing for Reinsurers), a new underwriting pricing and management tool for reinsurers writing catastrophe business.
Brokers call for Tria extension
Leading US brokers are calling for the extension of the federal Terrorism Risk Insurance Act (Tria), according to a new survey.
Posgate goes to Aon Re International
Aon Re International has announced that Richard Posgate has been appointed group operations director.
Hannover Re profits from 2003
Hannover Re has posted a €732.1m profit for 2003, a rise of 55% on the €470.9m it made over 2002.
Hannover Re Africa rated by S&P
Standard & Poor’s Rating Services (S&P) has assigned a BBB- (good) long-term counterparty credit and insurer financial strength rating to Hannover Reinsurance Africa.
Omega announces profits from its Lloyd's Syndicate
Omega Underwriting Holdings has announced a profit of 6.2% on capacity before personal expenses from its Lloyd's Syndicate 958 for 2001.
Appointment at Axis Capital Holdings
Axis Capital Holdings has made two non-executive appointments to its board of directors: Jurgen Grup...
Bermuda reinsurers continue growth
The Bermudian reinsurance market has enjoyed two consecutive years of solid growth and earnings sinc...
RenRe completes share offering
Renaissance Re has announced that it has completed its $250m perpetual preferred stock offering.
US had good 2003, says RAA
The Reinsurance Association of America (RAA) has released the results of a new survey showing that a group of 29 US property/casualty reinsurers wrote a total of $30.6bn in net premiums during the 12 months to 31 December 2003.
Lost in translation
English is currently the lingua franca of the insurance world, but that may not always be the case. Insurers ignore language learning at their peril, warns Janina Clark
Benfield posts increased trading results
Reinsurance intermediary Benfield Group Limited, today announced its preliminary results for the year ended 31 December 2003.
Benfield enjoys US$54 million windfall from Montpelier Re sale
Benfield Group has undertaken an irrevocable agreement to sell its holdings of warrants with entitlement to 2,390,785 common shares in Montpelier Re. The transaction will complete on 15 March 2004.
Aspen unveils new underwriting team
Bermuda-based Aspen Insurance has announced that five new property reinsurance specialists have joined subsidiary Aspen Re America.
PXRE reorganizes operations
Bermuda-based PXRE has carried out a reorganization of its underwriting and support organisations. According to the company there will be a 10% staff reduction and it hopes to achieve annual cost savings of $4m.
Aviation insurance market needs broader perspective
The aviation insurance market needs a broader perspective, according to a leading member of the avia...
Hiscox poised for £185m Lloyd's acquisition
Hiscox is believed to be considering an offer to acquire Marlborough syndicate 1861 from Warren Buff...
Cat costs hit $70bn in 2003
Risk Report
URS appoints fine art team
Risk Report
Buffett sees underwriting profit boost
Berkshire Hathaway's fourth-quarter earnings more than doubled, partly as a result of the company's ...