Reinsurance
Munich Re CEO warns over risk pricing after years of low losses
The long-term trend towards ever higher natural catastrophe costs continues, according to Munich Re, which has warned of complacency over risk pricing.
Marsh sells risk consultancy Kroll to Altegrity
International screening and security solutions business Altegrity is to acquire risk consulting firm Kroll from US giant Marsh & McLennan in an all-cash transaction valued at $1.13bn.
Argo raids CNA for claims boss
Argo International has appointed Ruth Roberts head of claims. Ms Roberts joins Argo International from CNA Europe, where she was director of claims for four years.
Ace appoints new aviation boss
Ace Global Markets has named Malcolm Brett as its new product line head of aviation following John Green’s decision to step down from the role.
FSA damaging UK insurance market by dragging heels over authorisation, claims RPC
The length of time that financial services firms are having to wait to get authorisation from the Financial Services Authority continues to climb according to law firm Reynolds Porter Chamberlain (RPC).
Lloyd's estimates World Cup insurance coverage at £6.2bn
The football World Cup will be insured to the tune of an estimated £6.2bn when it kicks off on Friday, according to Lloyd’s.
RFIB appoints divisional director
RFIB has appointed Toby Heppel to the role of divisional director in the political, credit and financial risks team.
Lloyd's estimates World Cup insurance coverage at £6.2bn
The football World Cup will be insured to the tune of an estimated £6.2bn when it kicks off on Friday, according to Lloyd’s.
LMG outlines next phase of electronic endorsement pilot
London Market Group has announced that its electronic endorsements pilot is moving into the next phase.
Cooper Gay delivers warning on D&O
Dan Barton, managing director of professional risks at Cooper Gay, has said many international companies with subsidiaries spread across the globe do not have adequate controls in place to ensure they remain both compliant and sufficiently protected…
Guy Carpenter appoints global CEO of analytics, capital markets, specialty and advisory
Guy Carpenter has named Bill Kennedy as global CEO of analytics, capital markets, specialty practices and advisory, effective from 1st July 2010.
P&C assumptions may be torn up after Deepwater incident
Insurers and reinsurers are likely take a hard look at the assumptions used to price property and liability coverages for drilling platforms in the wake of the Deepwater Horizon loss, according to Moody's Investors Service.
Buffett backs Moody’s at US hearing
Berkshire Hathaway’s Warren Buffett, compelled by subpoena to testify, backed Moody’s at a hearing yesterday, defending the ratings agency in which Berkshire has a holding against criticism it misled investors.
Generali named as suitor for AIA
Generali may be interested in buying the AIG Asian unit, according to Italian newspaper reports.
The reel story
David Reeves of Barbican Reinsurance Group tells Reinsurance about film finance and why he is known as Homer.
Microinsurance: Up close
Microinsurance is set to grow exponentially over the next decade but what opportunities are there for reinsurers to become involved, asks Katherine Blackler.
Interview: Safe Harbor
Katherine Blackler talks to John Berger, former chief executive officer at Harbor Point, who, since his company's merger with Max Capital, has become vice-chairman of the board of directors and CEO of the new entity's reinsurance arm.
Captives - interview: A captivating scene
Katherine Blackler talks to Dominic Wheatley of Willis' captive management practice about his career, the challenges faced by captive managers and the relationships they have with their reinsurance brokers.
Captives: The evolution of captives
Ken MacDonald explains why captives have become so significant and how captive owners can maximise the value they derive from them through exploring risk incubators and using actuarial science.
Bermuda - legal:Towards mutual recognition
Katie Tornari and David Kendall review the steps towards international compliance that Bermuda is taking to safeguard.
Bermuda: Island of the giants
In the wake of the deal between Max Capital and Harbor Point, Seb Kafetz looks at whether bigger is really better in Bermuda.
Bermuda: Will the sun set on the island?
Could tax increases on Bermuda lead to increased reinsurer defection? Tim Evershed investigates.
Inside view: Personal injury claims threaten motor insurers
The recent surge in personal injury claims to hit UK motor insurers could have even bigger implications for the reinsurance market, particularly with the unpredictability that periodic payment orders (PPOs) add to the equation, writes Naeem Ali.
Rethink: Destruction, predictions and a general election
Our roundup of readers' opinions reveals that rates are steady, though we may yet see the market turn this year.