Reinsurance
Willis: 2011 reinsurance renewals 5-10% lower than 12 months ago
Overcapitalization in the reinsurance market continues to gradually push rates downwards with price reductions at the 1 January 2011 reinsurance renewals averaging between 5% and 10%.
Brit takeover deadline extended as over 70% accept Achilles' terms
Brit Insurance has announced that the the deadline for shareholders to accept the recommended cash offer by Achilles is being extended and will remain open for acceptance until the next closing date which will be 1pm on 10 January 2011.
Brit takeover deadline extended as over 70% accept Achilles' terms
Brit Insurance has announced that the the deadline for shareholders to accept the recommended cash offer by Achilles is being extended and will remain open for acceptance until the next closing date which will be 1pm on 10 January 2011.
High Court of Justice sanctions business transfer
The High Court of Justice has sanctioned the transfer of insurance and reinsurance business from Aviation & General Insurance Company, a subsidiary of Ruxley Ventures, to Tenecom, a member of the Berkshire Hathaway group of companies.
High Court of Justice sanctions business transfer
The High Court of Justice has sanctioned the transfer of insurance and reinsurance business from Aviation & General Insurance Company, a subsidiary of Ruxley Ventures, to Tenecom, a member of the Berkshire Hathaway group of companies.
Flagstone Re and RMS in $210m placing
Flagstone Reassurance Suisse SA and Risk Management Solutions have confirmed the successful placement of $210m of multi-peril Montana Re 2010-1 Notes, the second offering sponsored through the Montana Re shelf program.
Flagstone Re and RMS in $210m placing
Flagstone Reassurance Suisse SA and Risk Management Solutions have confirmed the successful placement of $210m of multi-peril Montana Re 2010-1 Notes, the second offering sponsored through the Montana Re shelf program.
Munich Re begins to spend €2.5bn energy investment pot
Munich Re, via its asset manager MEAG, has concluded a significant investment deal involving wind power plants in Germany.
Munich Re begins to spend €2.5bn energy investment pot
Munich Re, via its asset manager MEAG, has concluded a significant investment deal involving wind power plants in Germany.
Ceiops warns of challenging times for underwriters if low yields continue
The Ceiops second bi-annual 2010 financial stability report has found that most insurers have solvency margins that allow for additional shock absorption capacity.
Ceiops warns of challenging times for underwriters if low yields continue
The Ceiops second bi-annual 2010 financial stability report has found that most insurers have solvency margins that allow for additional shock absorption capacity.
Santa's insurance bill reduced by £5m over two years claims broker Aon
Santa may be dusting off the sleigh, making sure the reindeer are in tip-top shape and asking his elves to put in overtime to finish off all the presents to make sure every child across the globe gets a present.
Hannover Re sells $200m Clarendon
Reinsurer Hannover Re has sold US subsidiary Clarendon Insurance Group to Bermuda-based company Enstar for $200m (£129m).
Hannover Re sells $200m Clarendon
Reinsurer Hannover Re has sold US subsidiary Clarendon Insurance Group to Bermuda-based company Enstar for $200m (£129m).
Tawa swoops for Oslo Re UK run-off business
Tawa has entered into a share purchase agreement to acquire 100% of the issued shares of Oslo Reinsurance Company (UK) from Oslo Reinsurance Company AS for a consideration of £4m.
Tawa swoops for Oslo Re UK run-off business
Tawa has entered into a share purchase agreement to acquire 100% of the issued shares of Oslo Reinsurance Company (UK) from Oslo Reinsurance Company AS for a consideration of £4m.
MMC boss Duperreault acclaimed as Insurance Hall of Fame winner
The International Insurance Society has announced Brian Duperreault, president and CEO, Marsh & McLennan, USA, as the 2011 Insurance Hall of Fame winner.
Catlin the latest insurer to up NZ quake loss estimate
Catlin has today announced an estimate of the financial impact of the 4 September 2010 New Zealand earthquake.
Canopius appoints property underwriter
Canopius Group has appointed Andrew Ealey as property treaty underwriter.
Guy Carpenter and Willis join forces with Aon for oil liability consortium
Guy Carpenter and Willis Re are working alongside Aon Benfield as placement advisors to a new sudden oil spill consortium, which aims to deliver larger liability limit coverage for deepwater drilling in US waters.
Guy Carpenter and Willis join forces with Aon for oil liability consortium
Guy Carpenter and Willis Re are working alongside Aon Benfield as placement advisors to a new sudden oil spill consortium, which aims to deliver larger liability limit coverage for deepwater drilling in US waters.
Ceiops and CEBS publish FCD recommendations
The Committee of European Banking Supervisors and the Committee of European Insurance and Occupational Pensions Supervisors have published their recommendations for the supplementary requirements of the Financial Conglomerates Directive.
Ceiops and CEBS publish FCD recommendations
The Committee of European Banking Supervisors and the Committee of European Insurance and Occupational Pensions Supervisors have published their recommendations for the supplementary requirements of the Financial Conglomerates Directive.
Earthquakes top reinsurance losses in 2010 according to Guy Carpenter
The earthquakes that devastated parts of Chile and New Zealand were the largest source of losses in 2010, costing the reinsurance industry $8bn (£5.07bn) and $4bn respectively, according to a new report by Guy Carpenter & Company.