Reinsurance
Board director Pain to step down at FSA
The Financial Services Authority has announced that Jon Pain, managing director of supervision and an FSA board member, has become the latest senior member to announce his intention to leave the organisation in 2011.
Ascot and Hannover form power pact
Inter Hannover and Ascot Underwriting have formed a dedicated technical underwriting vehicle for the power and utilities industry.
Alex to strengthen as hurricane watches issued for Texas and Mexico
Tropical Storm Alex, the first named system of this year’s Atlantic hurricane season, strengthened as it forced the evacuation of some offshore rigs and pushed swells toward a slick left by the Deepwater Horizon spill.
Aon forms Aon Global Risk Consulting Bermuda
Aon Global Risk Consulting has launched a captive consulting practice, Aon Global Risk Consulting Bermuda, which is part of Aon Insurance Managers (Bermuda). Aon executive Laura Taylor is to lead the practice.
Neal bill opponents respond to “inaccurate and misleading” Berkley statements
A coalition of trade experts, consumer advocates, insurance industry leaders and state officials have protested “inaccurate and misleading” statements made by William Berkley, of WR Berkley, most recently, regarding an online video opposing controversial…
Swiss Re: global non-life premium dips 0.1% in 2009 to $1 735bn
According to Swiss Re’s latest “World insurance in 2009” sigma study, world insurance premium volume fell 1.1% on an inflation-adjusted basis.
Hiscox to cut Lloyd's capacity by £100m in 2011
Hiscox has published a summary of its initial 2011 business forecast for Syndicate 33. A full 2011 business forecast for Syndicate 33 will be submitted to Lloyd's by 9 July.
Lloyd's insurer Catlin to set up $1bn Swiss reinsurance arm
Catlin plans to form a reinsurance company in Switzerland to "significantly expand the European-based reinsurance business underwritten by the group," it said today.
Swiss Re: global non-life premium dips 0.1% in 2009 to $1 735bn
According to Swiss Re’s latest “World insurance in 2009” sigma study, world insurance premium volume fell 1.1% on an inflation-adjusted basis.
Hiscox to cut Lloyd's capacity by £100m in 2011
Hiscox has published a summary of its initial 2011 business forecast for Syndicate 33. A full 2011 business forecast for Syndicate 33 will be submitted to Lloyd's by 9 July.
Lloyd's insurer Catlin to set up $1bn Swiss reinsurance arm
Catlin plans to form a reinsurance company in Switzerland to "significantly expand the European-based reinsurance business underwritten by the group," it said today.
US Congress passes financial reforms
On Friday, after a marathon 20-hour debate, the US Congress passed an amended version of the Dodd-Frank Bill which includes measures to prevent more AIG-style bailouts and a federal insurance regulator.
Alex regains tropical storm strength in Gulf
Tropical depression Alex picked up speed over the Gulf of Mexico on Sunday, regaining tropical storm strength, and keeping two key Mexican oil ports closed.
Duo agrees London market technology deal ahead of 1 Jan 2011 roll out
Perspective Technologies, the messaging solutions specialist and Exari, the provider of automated document assembly, have reached an agreement whereby that they will jointly offer a document automation service to practitioners involved in the cross…
City insurer to hold iPad board meetings
Torus, has become the first company in the UK to hold paperless board meetings following a trial of Apple iPads.
CEA calls on G20 to distinguish between insurers and banks
The CEA, the European insurance and reinsurance federation, has today called on the G20 to take full account of the specific characteristics of insurance when designing regulatory initiatives to respond to the global financial crisis.
CEA calls on G20 to distinguish between insurers and banks
The CEA, the European insurance and reinsurance federation, has today called on the G20 to take full account of the specific characteristics of insurance when designing regulatory initiatives to respond to the global financial crisis.
Hannover Re admits interest in Aegon unit
German reinsurer Hannover Re has expressed a slight interest in a potential acquisition of the reinsurance business of Dutch insurer Aegon, a spokeswoman for Hannover Re told news agency DPA-AFX.
Cat bond prices fall
Catastrophe bonds have seen their sharpest slump since 2008 as forecasters predict a busier-than-usual Atlantic hurricane season.
Bill Hodson appointed senior VP of GossRe
Goss Reinsurance Brokers, the recently launched reinsurance brokerage division of US Risk Insurance Group, has announced the appointment of William Hodson to senior vice president.
Credit Suisse tips RGA or Munich Re for Aegon unit buy
Munich Re and RGA have been named as potential buyers of Dutch insurer Aegon's Transamerica Reinsurance unit, Credit Suisse analysts said on Wednesday.
Buffett wins bet against French team
Warren Buffett and the special reinsurance team at Berkshire Hathaway are likely to be extremely relieved after the French were sent home from the World Cup due to a reinsurance contract essentially betting against the team.
Hannover Re admits interest in Aegon unit
German reinsurer Hannover Re has expressed a slight interest in a potential acquisition of the reinsurance business of Dutch insurer Aegon, a spokeswoman for Hannover Re told news agency DPA-AFX.
Catlin recruits ex Marsh CEO
Catlin has announced two changes to its board of directors.