Reinsurance
AIC gets AM Best downgrade
Ratings agency AM Best has downgraded the financial strength ratings of Allianz Insurance Company (AI...
Wellington returns to profit in 2002
London-based (re)insurer Wellington made a pre-tax profit of £30.9m ($48.2m) in 2002, up from 2001's ...
Benfield announces it is rebranding.
Reinsurance broker Benfield has announced that it is rebranding. All of its branches, including thos...
Take-up of terrorism cover has been low
Take-up of cover for US terrorism risks offered under the Terrorism Risk Insurance Act (TRIA), pass...
Fitch puts dampers on Lloyd's
Concerns over possible losses associated with medical cost inflation and the outcome of arbitration...
Short-term gloom as GI job cuts continue
Four out of five general insurance companies claim to have shed staff and expect to make further jo...
Ace expands US terror cover
Ace USA has extended the stand-alone terror insurance it offers to cover three gaps in the cover prov...
Few buy US terror cover
Take-up of cover for US terrorism risks offered under the Terrorism Risk Insurance Act (TRIA) passed ...
Benfield rebrands
Reinsurance intermediary Benfield has announced that it is rebranding. All of its branches, including...
Report highlights hurricane risk
North America's Atlantic and gulf coasts could see above-average hurricane activity in 2003, accordin...
Appointment at XL Capital
XL Capital has made David Shea chief financial & administrative officer of the company's financial ...
Lloyd's starts arbitration over insurance policy
Lloyd's has started arbitration proceedings against a group of six (re)insurers who are withholding p...
New Bermudians have good first year
Full year figures released by Bermudian (re)insurers that set up after the 11 September 2001 terror...
Banner year for Berkshire
Berkshire Hathaway's (re)insurance operations returned to profit in 2002, despite hefty reserve str...
Prospects look good for ART
In the post-11 September 2001, post-Enron world of hard (re)insurance rates, jittery shareholders and woeful investment returns, what future is there for alternative risk transfer? Janina Clark finds some predictions in a recent Swiss Re sigma report.
Speed is of the essence
As I write, the US and the UK appear to be on the brink of war with Iraq. After weeks of diplomatic...
Scor faces a tough year
French reinsurer Scor faces "significant execution challenges" in implementing its reform plan, acc...
Still looking for answers
The US Terrorism Risk Insurance Act aims to ensure terror cover for even the highest risk clients, but is it working? Patricia Vowinkel finds both insurers and insureds less than happy with the federal backstop.
Appointment at Hannover Life Re (UK)
David Brand (below) has taken over from the retiring Peter Savill as managing director of Hannover ...
Model action on terrorism
(Re)insurance brokers Aon and Benfield separately announced developments in terrorism modelling las...
Wellington Re is now Aspen
Wellington Re has changed its name to Aspen Insurance UK in a deliberate move to differentiate itse...
Reinsurers may take flight
The loss-making aviation reinsurance sector needs better returns or it is likely to withdraw capaci...
Rebriefs - Appointment at Crispin Speers & Partners
Crispin Speers & Partners, the Lloyd's (re)insurance broker, is moving into life (re)insurance brok...
Rebriefs - Axis Capital files plan
Axis Capital filed a plan with the US Securities and Exchange Commission last month to sell up to $...