Reinsurance
Axa accepts asbestos claims.
Axa Insurance has accepted exposure to employers' liability policies that could lead to a raft of cl...
US reinsurers lose $3.55bn in 2001
A representative sample of 30 US property and casualty reinsurers made a combined $3.55bn loss after ...
Terror cover: action is vital.
Pressure from industry on the government and the insurance industry to address the lack of terrorism cover continues in the wake of the 11 September attacks in the US. David Gamble argues that it is time for the government to do some quick joined up risk…
WTC losses could cost insurers $58bn
Insured losses from the 11 September terrorist attacks on New York and Washington total $30-58bn, Swi...
Buffett promises underwriting discipline
Underwriting discipline at Berkshire Hathaway subsidiary General Re will be tightened following anoth...
Scor expects profit and a cash call
French reinsurer Scor predicts that it will return to profit in 2002 after making a Euro 278m loss in...
Arson Prevention Bureau releases latest figures.
Children's lives are increasingly being put at risk as schools are hit by an arson crimewave, accord...
Benfield analysis to use RMS hazard models
Reinsurance broker Benfield Blanch is to use natural hazard modelling software produced by Risk Manag...
Homer and Philip head up Folgate Partnership
Andy Homer, former chief executive of Axa Insurance UK, and Tim Philip, formerly of Benfield Group, h...
Advice has a risk.
John Butler follows up last month's analysis of the House of Lords ruling in Aneco v Johnson & Higgins with a look at what the decision means in general for a broker's duty of care.
Reinsurers rack up reserves.
Premium income grew substantially for many reinsurers in 2001 but their bottom-line results for the f...
New firms flood into Bermuda.
The number of new reinsurance companies formed in Bermuda to take advantage of the post-11 September...
Capacity for change.
Despite five years of losses that could total £6bn Lloyd's has attracted more capacity, even as it plans controversial changes. Robert CB Miller reports.
Goshawk Re starts work.
Goshawk Re, the new Bermud-ian reinsurer set up by Lloyd's (re)insurer Goshawk has opened for busine...
Happy Birthday.
The Lloyd's Choir, one of the oldest in the City of London, plans to celebrate its 80th anniversary ...
Bermuda calls for terror backstop.
Senior reinsurance industry executives last week renewed their calls for a federal backstop for terr...
Big investments mean Talbot can go shopping.
New Lloyd's managing agency Talbot Underwriting could look at possible acquisitions, after bucking t...
Sale plan as OP goes into "orderly" run-off.
Bermudian reinsurer Overseas Partner has entered into talks with several companies about the possibi...
Bell & Clements' US subsidiary signs Midland deal.
The US subsidiary of London broker Bell & Clements has signed a deal with US insurer Midland to prov...
Bermudian reinsurer PXRe has reported a net loss ...
Bermudian reinsurer PXRe has reported a net loss of almost £13m for 2001 - a significant increase on...
Industry chiefs renew call for US terror backstop
Senior reinsurance industry executives yesterday renewed their calls for a US federal backstop for te...
Overseas Partners is put into run-off
Bermudian reinsurer Overseas Partners (OPL) has put most of its operations into run-off with the clai...
PXRe reports larger loss last year
Bermudian reinsurer PXRe has reported a net loss of almost $18m for 2001, a significant increase on t...
GoshawK Re opens for business
GoshawK Re has opened for business in Bermuda and announced a new senior management team. GoshawK ...