Reinsurance
AM Best comments on AIG restructure plan
AM Best has commented that the ratings and outlook of the property/casualty subsidiaries of AIG remain unchanged following the company's announcement of the acceleration of its restructuring and re-branding of its global property/casualty operations, AIU…
AIG to accelerate seperation of international general insurance business
AIG is to accelerate steps to position its general insurance business AIU Holdings as an independent entity by transferring the company to a special purpose vehicle in preparation for the potential sale of a minority stake in the business, which…
Bowring Marsh, Lancashire in excess property facility offering
Bowring Marsh, the Marsh-owned specialist broker, said it is offering a new excess property facility.
US Gulf Coast predicted to be vulnerable again to hurricanes - Guy Carpenter
The US Gulf Coast, which was battered by Hurricanes Ike and Gustav last year will be the most vulnerable area to US hurricanes during the upcoming hurricane season, reinsurance broker Guy Carpenter has said.
Allianz in $180m Cat bond issue
(BESTWIRE) German insurer Allianz is the latest company to revisit the catastrophe bond market, issuing a $180m Cat bond which was larger than the $150m bond it expected to launch.
Senior Lexington exec moves to Ironshore
Tony Mammolite has been appointed head of Bermudian insurer Ironshore's US Property unit.
Ascot expands in US
Ascot Underwriting is to grow its US operation with the opening of underwriting offices in Chicago, Illinois and Hartford, Connecticut, subject to regulatory approval.
Life and personal accident reinsurance rates fall nearly 4% - Guy Carpenter
Life and personal accident reinsurance rates continued to resist upward pressure at the April 1, 2009 renewal, consistent with the downward trend witnessed at the Jan 1 2009 renewals, according to a briefing published today by reinsurance broker Guy…
Moody's dampens mood on US commercial lines insurance sector
Moody's Investors Service has revised its outlook for the US commercial lines insurance sector to negative, from stable.
Talbot Underwriting records 11.4% increase in GWP
Talbot Underwriting Syndicate 1183, owned by Bermudian (re)insurer Validus Holdings, has recorded an 11.4% increase in gross written premiums to £383m (2007; £343.9m), but a drop in its syndicate profit to £41.6m from £75m in 2007.
Prince's Trust ILG hits £4.3m
The Prince's Trust Insurance Leadership Group raised £1m in the financial year 2008/09 via 42 insura...
Appointment at Chaucer
Andrew Richardson has been appointed as US facultative property class underwriter for Chaucer Synd...
Appointment at Guy Carpenter
Guy Carpenter & Company, has made several key appointments to its Benelux leadership team in Brussel...
Looking back
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance ne...
Personal services
Bill Cooper
Guy Carpenter grabs US brokers from Aon Benfield and Carvill
Guy Carpenter has confirmed a number of hirings from Aon Benfield and RK Carvill.
Validus will grow 'with or without' IPC deal - CEO
Bermudian (re)insurer Validus has said that it will grow its operations whether or not its $1.68bn takeover of Bermudian rival IPC Holdings is accepted by IPC's shareholders, Validus' chief executive Ed Noonan has told Reinsurance.
Total Cat bond issuance off 6.5% in Q1 2009 - Guy Carpenter
Total Catastrophe bond issuance for the first three months of the year fell 6.5% to $575m, research from Guy Carpenter has shown.
Validus to use all available means to win IPC bid
Validus Holdings has responded to the IPC board decision yesterday to support the original Max Capital bid for the Bermudian company rather than its own rival offer.
Ironshore specialty gains McAuliffe and Beauvais
Two former AIG heads have joined Ironshore. Tim McAuliffe and Ben Beauvais have joined Ironshore to take on the roles of president and senior vice president of the specialty casualty unit respectively. McAuliffe will be based out of New York and report…
Upward swing in D&O sales continues says Marsh
Concerns about the global economy, shareholder action, litigation, and the increasing engagement by regulators are fuelling demand for Directors' and Officers' insurance, according to Marsh.
Appointment at Marsh
Marsh has expanded its forensic accounting and claims services practice in Europe, the Middle East a...
IPC board unanimously backs Max merger over Validus
The board of directors of Bermudian (re)insurer IPC Holdings' board of directors has turned down a $1.68bn takeover offer from rival Validus, and backed its agreed all-share merger with Max Capital.
Lancashire ups Ike impact by a further $38.4m
Lancashire Holdings has increased the estimated negative financial impact of Hurricane Ike on its financil results to $189.2m - an increase of $38.4m from the previous estimate of $150.8m.