Reinsurance
AA appointment.
AA Insurance Services has appointed Andrew Briscoe as its new managing director. He takes over from ...
Appointment at Benfield Greig.
Independent reinsurance intermediary Benfield Greig has taken on Jakob Eugster at its Munich base. H...
Tough times in the US.
Janina Clark finds US renewal negotiations running late, as reinsurers demand tough conditions and price increases.
New capacity could curb premium rises.
Capital is expected to continue to flow into the reinsurance market despite analysts' warnings that a...
Few deals are done.
October's renewals gathering at Baden-Baden in Germany was a particularly low-key affair, says Eric Alexander, with attendees focusing on terrorism concerns following the 11 September attacks in the US.
Folksam sold to Bermudian.
Bermudian (re)insurer White Mountains is to take over the loss-making Swedish reinsurer Folksam Inte...
The view from Peru.
The Fides conference in Peru was the first large gathering of (re)insurers after the US attacks. Mauricio Kitaigorodzki sought views on the future of Latin America's (re)insurance.
IPC Re gets $547m
IPC Holdings of Bermuda has raised $547m of capital for its reinsurance subsidiary IPC Re through pub...
PXRe boosts capital by $150m
PXRe of Bermuda has secured $150m of new capital, boosting its capital to over $500m. Capital Z Fin...
Atrium sees losses.
Lloyd's insurer Atrium Underwriting is predicting a loss of 2.7% of capacity for 2001 and is expecti...
Appointment at The Davis Group.
The Davis Group has taken on several new members of staff. Ian Richardson has been appointed financi...
Ace agrees out-of-court settlement with Charman.
Bermudian insurer Ace has reached an out-of-court settlement with John Charman, former head of its L...
Charman case.
Ace's High Court litigation against John Charman, former group president and chief executive of Ace ...
PXRe quits talks.
Bermudian reinsurer PXRe has terminated talks with one of its investors, Select Re, about a possible...
Lloyd's ups terror costs.
Lloyd's has dramatically increased its estimate of net losses relating to the 11 September terrorist...
US reinsurance sector performance falls
The latest survey by the Reinsurance Association of America (RAA) showed that the combined ratio of a...
Hannover Re to raise Euro 194m
Hannover Re has announced today that it will embark on a rights issue to increase its capital by Eur ...
PXRe still seeking capital
Bermudian reinsurer PXRe has terminated talks with one of its investors, Select Re, about a possible ...
Lloyd's insurer Goshawk sets up Bermudian reinsurer
The Lloyd's insurer Goshawk plans to raise £101m ($143m) to set up a Bermudian reinsurer to exploit t...
Markel rebrands in Australia
Markel International is reorganising its Australian operation, R E Brown Australia Pty Limited. The c...
Appointment at Safeonline.
David Calverley joins digital risk insurance provider Safeonline as chief legal officer responsible ...
Appointment at Aspen.
Aspen, the firm of actuaries and pension consultants, has made Malcolm Pearce a member of its board ...
Shelter Mutual withdraws 529 commitment.
US insurance group Shelter Mutual has withdrawn its commitment to Lloyd's syndicate 529, just over a...
Da Vinci in the frame.
Renaissance Re's new Bermudian-based venture Da Vinci Reinsurance started accepting binding business...