Reinsurance
Bermuda Insurance Exchange under discussion
Plans to create a Bermuda Insurance Exchange have been put to Government, Flagstone Re chairman Mark Byrne has revealed at a Reinsurance Magazine event on the island.
‘Troubling’ bailouts punish best companies - Chubb
Chubb CEO John Finnegan, said government bailouts punish the best-run companies and impede the functioning of markets.
Allianz sells third of stake in Chinese bank
Allianz has reported a gain of 400m euros of the sale of the third of its shares in Industrial & Commercial Bank of China that it bought in April 2006.
Axis releases $500m of Senior Notes
Net proceeds for the offering to be used for “general corporate purposes.”
Pexton named as new Omega CEO
Omega has named former chief executive of Heritage Underwriting Agency Richard Pexton as its new CEO. Mr Pexton, who also joins the Omega board, replaces Richard Tolliday (pictured).
Allied World Chile quake losses up to $75m
Allied World has estimated that the recent earthquake in Chile will cost it in the range of $55m - $75m, while Windstorm Xynthia, which hit Europe earlier this month, will cost the Bermudian (re)insurer $2m.
Miller looks to Markel to boost Singapore team
Miller Insurance Services has announced that Paul Cheng has joined its office in Singapore.
Ace outlines $125m cat losses from first quarter
Ace has announced its estimated net after-tax losses in the first quarter from natural catastrophes will be approximately $125m, including reinstatement premiums.
Ace outlines $125m cat losses from first quarter
Ace has announced its estimated net after-tax losses in the first quarter from natural catastrophes will be approximately $125m, including reinstatement premiums.
FM Global reports gross premium increase for 2009
Business property insurers FM Global has announced gross premium in force of $4.7bn (£3.0bn) as part of its end of year results for 2009 – an increase of more than 5% year-on-year.
FM Global reports gross premium increase for 2009
Business property insurers FM Global has announced gross premium in force of $4.7bn (£3.0bn) as part of its end of year results for 2009 – an increase of more than 5% year-on-year.
Transatlantic announces senior promotions
Executive promotions announced in Paris, London and the US.
XL faces $230m losses from Chilean quake and European windstorm
XL Capital has announced preliminary net loss estimates for the earthquake in Chile and European Windstorm Xynthia.
XL faces $230m losses from Chilean quake and European windstorm
XL Capital has announced preliminary net loss estimates for the earthquake in Chile and European Windstorm Xynthia.
CCRIF wants more coverage
The Caribbean Catastrophe Risk Insurance Facility is urging its international donor partners for assistance to enable it to step up the coverage available to member countries.
New Novae Re offices open in Zurich
Novae Group has opened its new offices in Zurich, as it hopes to capitalise on what they say is the increasingly important European reinsurance marketplace.
New Novae Re offices open in Zurich
Novae Group has opened its new offices in Zurich, as it hopes to capitalise on what they say is the increasingly important European reinsurance marketplace.
Folding plug wins Brit design award
British student, Min-Kyu Choi from London, has won the Brit insurance design of the year 2010, for his reinterpretation of the plug, beating over 90 international nominees in the process.
Montpelier Re reports up to $100m losses from Chilean earthquake
Reinsurer Montpelier Re has announced a preliminary pre tax losses of between $75m (£49m) to $100m from the earthquake in Chile.
Extending the definition of "too big to fail" could have severe consequences
The definition, which is currently being discussed in the US senate, could have severe consequences for the insurance industry according to Scott Harringdon, professor at the Wharton School.