Reinsurance
Election set for 6 May
Prime Minister Gordon Brown is preparing to announce that the UK general election will be held - as widely predicted - on 6 May.
US mine explosion claims 25 lives
An explosion in a mine in West Virginia has killed at least 25 people, various news agencies have reported.
US property and casualty coverages dip
The composite rate for property and casualty coverages in the US was down 4% for March this year according to MarketScout. It said the composite rates for February 2009 and 2010 were down 8% and 5% respectively.
Southern California impacted by quake
The strong earthquake which hit the Baja California in Mexico on Easter Sunday also shook parts of Southern California, US modelling agency RMS has reported.
AIG adds two to board
US Treasury Department to name Donald H. Layton and Ronald A. Rittenmeyer to AIG’s board
Catastrophe losses have no impact on April renewals: Aon Benfield
Reinsurance rates continued softening trend at April 1 renewals according to the report from the broking giant
Former Mitsui CEO Guest returns with mutual exec role
The Higher Education mutual UMAL has appointed the former CEO of Mitsui Sumitomo London, Allan Guest, as a non-executive director.
MS Frontier Re acquires Irish sister company
Bermuda-based reinsurer MS Frontier Re (MSFRe) has acquired its Dublin-based sister company Mitsui Sumitomo Reinsurance (MSRe).
Dai-Ichi Life leaps on first day of trading
Dai-ichi Life Insurance leapt 14.3% on its first day of trading as investors rushed to buy into its IPO.
Samsung Life seeks to raise $4.5bn in IPO
Samsung Life Insurance is seeking to raise up to $4.5bn in May in what would be South Korea’s largest initial public offering.
MS Frontier Re acquires Irish sister company
Bermuda-based reinsurer MS Frontier Re (MSFRe) has acquired its Dublin-based sister company Mitsui Sumitomo Reinsurance (MSRe).
Reinsurance rates continue to decline: Guy Carpenter
Reinsurance rates across most lines of property catastrophe business around the world continued the decline experienced at January renewals, according to Guy Carpenter in its report the April 1 renewals period.
Omega puts Chilean quake loss at $23m
Omega Insurance Holdings today announced that it has completed its initial estimate of losses arising from recent major catastrophe events - the Chilean earthquake and European windstorm Xynthia.
Omega puts Chilean quake loss at $23m
Omega Insurance Holdings today announced that it has completed its initial estimate of losses arising from recent major catastrophe events - the Chilean earthquake and European windstorm Xynthia.
HSBC to be operate as MBL as Marsh completes broker deal
Marsh today completed its previously agreed acquisition of HSBC Insurance Brokers, a wholly owned subsidiary of HSBC Bank, in the UK and other key markets in Asia and the Middle East.
HSBC to be operate as MBL as Marsh completes broker deal
Marsh today completed its previously agreed acquisition of HSBC Insurance Brokers, a wholly owned subsidiary of HSBC Bank, in the UK and other key markets in Asia and the Middle East.
Claims - Controlling Costs: See things differently
Identifying claims leakage is essential for insurers seeking to control costs. Sam Barrett investigates whether new analytics and data visualisation hold the key.
Scor makes senior appointments
Philippe Trainar and Frieder Knüpling join Scor's executive committee; Michel Dacorogna is appointed deputy chief risk officer and Norbert Pyhel heads up the Cologne Hub
Scor makes senior appointments
Philippe Trainar and Frieder Knüpling join Scor's executive committee; Michel Dacorogna is appointed deputy chief risk officer and Norbert Pyhel heads up the Cologne Hub
Endurance names new CUO
Bermuda property and casualty (re)insurer names Joan deLemps as CUO after former CUO David Cash took over the CEO’s reigns from March.
US puts further pressure on the UN for Iran sanctions
US President Barack Obama said on Tuesday he wanted tougher U.N. sanctions in weeks against Iran over its nuclear program. This follows proposed US sanctions including (re)insurance
Catastrophe claims will hit reinsurers’ Q1 results hardest: Willis Re
Willis Re’s April renewals report says $16bn catastrophe tab to make the first quarter of 2010 the worst ever for natural peril losses.
Former QBE CEO steps down as chairman
At a board meeting of QBE yesterday chairman John Cloney announced his retirement effective 4 July 2010.