Reinsurance
Omega starts hunt for new chair as it sees 5% hike in GWP
Walter Fiederowicz to step down at group.
Scor to appeal Spanish fine
French (re)insurer to appeal fine against it from Spainish regulators
UK inflation rises
Consumer price inflation in the UK rises to 1.5%.
Star Wall Street analyst turns negative on market rally
Meredith Whitney, a star banking analyst on Wall Street, is turning negative on the current stock market rally.
Munich Re America in new offering
Munich Re subsidiary offering new natural catastrophe loss from natural catastrophes.
Aon extends CEO tenure
Greg Case's contract to last until April 2015.
Arch appoints president and CEO
Arch Reinsurance's Tim Olson has been promoted to president and CEO of Arch Reinsurance.
Increased regulation poses danger for reinsurers
A panel at the Fitch Ratings Insurance Roadshow noted that increased regulation off the back of the financial crisis could adversely effect reinsurers but may also offer opportunities.
US storms may cost insurers 'hundreds of millions of dollars'
The US storms that wreaked havoc' across the US could cost insurers heavily, Guy Carpenter has said.
Reinsurance Claims & Run-off Seminar – update
The live Claims & Run-off Seminar is taking place on 9 December 2009 at The London Capital Club, now also featuring a free lunch sponsored by Mound Cotton Wollan & Greengrass. Sign-up for free online now.
Randall & Quilter makes acquisition
Run-off specialist acquires 70% of US company.
Torus Re appoints senior casualty reinsurance underwriter
David Whiting joins Torus' reinsurance company
Amlin sees 52% uplift in GWP in first nine months
CEO Charles Philipps called third quarter performance "outstanding".
Scor and Allianz close World Trade Centre dispute
The dispute between two insurance giants over WTC payments is over, Scor says.
Ace Tempest Re appoints structured reinsurance specialist
Ace Tempest Re Europe has announced the appointment of ex-Aspen senior underwriter David Mann in the newly created role of senior underwriter for structured risks.
Spain fines (re)insurers for price-fixing
Spanish regulators have fined six European (re)insurance companies a total of €120.7m ($180m) for fixing prices on building-defect coverage during the Spanish housing boom.
Inflation may pose ‘real problem’ for reinsurers – Swiss Re
Swiss Re exec claims reinsurers will face higher claims costs in the next few years if “rampant” inflation erodes reserves and rates for coverage fail to keep pace.
Buffett calls end of financial turmoil
Berkshire Hathaway’s Warren Buffett has declared an end to the global financial crisis, although leading economies continue to struggle.
Paris Re falls to third quarter loss
Switzerland-domiciled (re)insurer's third quarter stumbles to three-month loss
LIU expands red24 contract
Liberty Mutual says that it will expand its contract with red24 to add kidnap and ransom to list.
Swiss Re enters life reinsurance deal
Swiss reinsurer enters deal with US life reinsurer Reassure America Life.
Fitch happier about reinsurance sector
Ratings agency turns upbeat about reinsurance sector
Equitas wins legal battle over Lloyd's claims
Randall & Quilter to consider next step
GIC Re to set up nat cat pool
General Insurance Corporation (GIC Re), the Indian state-owned national reinsurance company, is in the process of setting up a natural catastrophe pool for insurance and reinsurance companies in Africa and Asia