Reinsurance
Aon Benfield strikes new long term relationship
Aon Benfield CEO Andrew Appel claims deal will put it at the forefront of the industry.
Seven insurers agree to Airmic claims proposal
Airmic CEO John Hurrell said deal could improve companies survival chances
Fitch downgrades Brit
Fitch said it would monitor the situation with regards Brit's interest in Lloyd's rival Chaucer.
Independent Insurance FD wins appeal
Dennis Lomas, the former finance director of failed insurer Independent Insurance has won on appeal and overturned his fine
AIG - Hank Greenberg trial starts
AIG's battle with former chairman and CEO Hank Greenberg opened this week in the US
Zurich and Esri debate the role of geography in transforming the general insurance industry
Zurich's Graham White and Esri UK's Graham Wallace talk about geography and location in this special web seminar hosted by Anthony Gould.
Former AIG COO to take over as FSA insurance boss
The Financial Services Authority has appointed Ken Hogg, currently interim chief financial officer at MGM Assurance, as insurance sector director. He will start at the FSA on Monday 6 July and will report to Jon Pain, FSA managing director retail markets.
LIU expands European platform
Liberty International Underwriters Europe (LIU Europe), a division of Liberty Mutual Group, said it has appointed Mike Nukk to lead the expansion of its marine portfolio in Europe and the Middle East.
Texas lawmakers decide not to buy reinsurance for 2009
The Texas Windstorm Insurance Association may be leaving itself open to massive losses from hurricanes after deciding against buying reinsurance for this year's program.
Wall Street analysts continue to be negative on Validus takeover of IPC
Wall Street analysts have continued to be negative on Bermudian (re)insurer Validus' takeover of island rival IPC Holdings.
Validus shares fall following IPC decision
Shares in Validus, the Bermudian (re)insurer locked in a takeover battle with Max Capital for island rival IPC Holdings, were off nearly 4% in New York following a decision by IPC shareholders to turn down a merger with Max.
Max Capital writes to shareholders explaining IPC loss
Max Capital has written a letter to shareholders after IPC shareholders voted against the merger between the two Bermudian (re)insurers.
Max Capital in line for $50m after ending merger agreement with IPC
Max Capital, the Bermudian (re)insurer said it has terminated its merger agreement with IPC Holdings after IPC shareholders voted against the amalgamation of the two companies.
Welcome to the new Reinsurance web service
Reinsurance Magazine has teamed up with its sister title Post Magazine to create an all new site with a dedicated area on reinsurance, dedicated RSS feeds and mobile alerts, related jobs and an enhanced search.
Major European account to stay with Aon Benfield - sources
European insurance giant Eureko has renewed its major reinsurance account with Aon-Benfield, Reinsurance understands, in a deal understood to be worth up to €3.5m in revenue to the broker.
AM Best downgrades Puerto Rican reinsurer
US ratings agency AM Best downgraded the financial strength rating to B+ (Good) from B++ (Good) and the issuer credit rating to "bbb-" from "bbb" of Puerto Rican life reinsurer Popular Life Re. The outlook for both ratings is stable.
Broking arm offers service to demystify complex risks
Engineering risk consultancy Specialists in the Protection of Risks has launched a range of new services for brokers, insurers and reinsurers to help improve their understanding of complex exposures.
Ferma elects new president
Peter den Dekker, corporate insurance risk manager at Dutch multi-national Stork, has been elected President of the Federation of European Risk Management Associations. He took over from Marie-Gemma Dequae, whose mandate came to an end after four years…
AIU says raised $500m from Transatlantic share sale
AIU Holdings has said it has raised $500m from the sale of its share in US reinsurer Transatlantic Re.
Fitch downbeat over US P&C sector
The US property/casualty insurance market experienced a sharp decline in performance in 2008 and faces significant challenges in 2009, Fitch says.
IPC battle: Validus hits back
Validus Holdings has hit out at comments by Max Capital yesterday and insiste its exchange offer for IPC can close by the end of June.
Appointment at Cooper Gay
Cooper Gay has appointed David Skey as it looks to grow its share of reinsurance business in conti...
The end of the rainbow?
Long-tail Disease: ELIB