Reinsurance
AIG announces succession plan for CEO role
AIG has announced that chairman, Steve Miller, would step in as interim CEO of AIG for as long as it takes to identify and select a long-term replacement, if the incumbent Bob Benmosche is unable to continue in the role.
Aspen hit by reserve strengthening in financial and professional lines
Aspen has announced that its insurance segment recoirded an underwriting loss for the third quarter, which excludes investment income, of $13.4m £8.5m) compared with an underwriting profit of $20.9m in the third quarter of 2009.
Willis Group nine month profit remains static at $357m
Willis Group has reported net income from continuing operations for the nine months ended September 30, 2010 was $357m ($226.4m), compared with $357m, in the same period a year ago.
Broker status: Broker LLP - a beneficial partnership?
Lockton is set to become the biggest intermediary yet to become an LLP broker. Edward Murray looks at the benefits of such a transformation.
Post magazine - 28 October 2010
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
IAG to retain Equity Red Star
Insurance Australia Group chairman Brian Schwartz has vowed not to sell its embattled UK business Equity Red Star.
QBE given green light for Belgian acquisition
QBE has received approval from the Belgian regulator for the acquisition of reinsurer Secura NV.
Concerns raised over post-acquisition capital structure of Brit
AM Best Europe has placed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a” of Brit Insurance and the ICR of “bbb” of Brit Insurance Holdings, the ultimate parent of the Brit Insurance group of companies, under review…
QBE given green light for Belgian acquisition
QBE has received approval from the Belgian regulator for the acquisition of reinsurer Secura NV.
Concerns raised over post-acquisition capital structure of Brit
AM Best Europe has placed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a” of Brit Insurance and the ICR of “bbb” of Brit Insurance Holdings, the ultimate parent of the Brit Insurance group of companies, under review…
Munich Re acquires Windsor Group
German reinsurance firm Munich Re has agreed to acquire Windsor Health Group.
Munich Re acquires Windsor Group
German reinsurance firm Munich Re has agreed to acquire Windsor Health Group.
Domicile: does it really matter for (re)insurance buyers?
Reinsurance buyers increasingly view reinsurers as global entities able to move capital easily between business units rather than as geographically discrete counterparties, insisted Chris Klein, director of reinsurance market management at Guy Carpenter.
Munich Re: renewable energy premium volumes set for 240% growth
In line with political targets, the share of renewable energies in power generation in Germany is expected to increase from a current 10% to 60% by the middle of the century.
Cooper Gay unveils re-brand
Specialist marine insurance broker, Junge & Co, has rebranded its reinsurance broking operations as ‘Cooper Gay Germany’.
Domicile: does it really matter for (re)insurance buyers?
Reinsurance buyers increasingly view reinsurers as global entities able to move capital easily between business units rather than as geographically discrete counterparties, insisted Chris Klein, director of reinsurance market management at Guy Carpenter.
Munich Re: renewable energy premium volumes set for 240% growth
In line with political targets, the share of renewable energies in power generation in Germany is expected to increase from a current 10% to 60% by the middle of the century.
Cooper Gay unveils re-brand
Specialist marine insurance broker, Junge & Co, has rebranded its reinsurance broking operations as ‘Cooper Gay Germany’.
Apollo sets sights on international treaty with Braddock hire
James Braddock is to join Apollo Syndicate 1969 in December as an underwriter specialising in international property treaty business.
Apollo sets sights on international treaty with Braddock hire
James Braddock is to join Apollo Syndicate 1969 in December as an underwriter specialising in international property treaty business.
Newly launched Paraline acquires ICAT
Paraline Group, a Bermuda-domiciled insurance and reinsurance company, has announced its launch and acquisition of ICAT Holdings.
Willis restructures European reinsurance business
Willis Re has merged its teams handling Continental European and UK-based property and casualty business into an expanded European unit and is establishing a new specialty casualty practice group.
UK non-life sector COR expected to peak at 101% claims Fitch
Fitch Ratings today said its outlook on the UK non-life sector remains stable, having been revised from negative in March 2010.
Willis restructures European reinsurance business
Willis Re has merged its teams handling Continental European and UK-based property and casualty business into an expanded European unit and is establishing a new specialty casualty practice group.