Reinsurance
US prop cat renewals outlook
Reinsurance broker Guy Carpenter has issued a briefing paper on US property casualty renewals which shows that national programmes rose between 10% and 14% on a risk-adjusted basis, with the Northeast seeing 6-8% increases.
Aon unveils UK energy division team
Aon Specialty, a division of Aon Risk Services, has unveiled the UK arm of its global Aon Energy unit.
IPC CEO Bryce may pocket nearly $8m in Validus deal
James Bryce, the CEO of IPC Holdings, may pocket nearly $8m if he sells the company he helped start to Bermudian rival Validus.
Max Capital CEO insists Max-IPC deal is better for shareholders
(BESTWIRE) - Not only has Max Capital Group Ltd. made the sweetest offer to buy IPC Holdings Ltd., according to Max Capital's top officer, but under the terms of their merger agreement, IPC isn't allowed to even speak to any would-be suitors - including…
Aspen unit upgraded by AM Best
Aspen Specialty (ASIC), a wholly-owned unit of Bermudian (re)insurer Aspen, has had its financial strength and issuer credit ratings upgraded by AM Best.
AIG should be forced into renegotiating contracts - reports
(BESTWIRE) - The U.S. Treasury should make the $30bn in promised future aid to American International Group Inc. contingent on renegotiating contracts with its executives, employees and financial counterparties, a new report by the U.S. Government…
Appointment at Aspen
Aspen Insurance has appointed Rupert Villers as head of its newly combined financial and professio...
Appointment at Ironshore
Ironshore has hired Susan Kostro as vice-president, with responsible for running its newly created...
Edwards: new Aspen role
Clive Edwards has been promoted from his position as a development manager and commercial lines unde...
Fortis profit
Fortis reported that its insurance activities reported a total net profit of EUR6m (£5.5m) in 2008, ...
Invest to impress
Recession: IT investment
Invest to impress
Recession: IT investment
Japan property reporting double-digit rate rises - Willis
Rates for Japanese property reinsurance rose by 5-10% at the 1st April renewals, Willis Re has said.
IPC to pay Max Capital $50m if it breaks merger deal
Bermudian (re)insurer IPC may have to pay Max Capital a termination fee of $50m if it cancels its all-share deal with its Bermudian rival in favour of Validus' takeover proposal, Reinsurance can reveal.
Max Capital says IPC merger plan has 'better long-term growth prospects'
Max Capital's chief executive Marty Becker has said that its all-share merger with Bermudian rival IPC Holdings will offer shareholders better long-term growth prospects than yesterday's Validus offer.
UK reinsurance renewal prices up 5%, say Aon Benfield
UK reinsurance renewal prices are up by around 5%, according to Aon Benfield.
UK reinsurance renewals up 5%, say Aon Benfield
UK and European reinsurance renewal prices are up by around 5%, according to Aon Benfield.
Japan rates at 1 April up 5-10% - Aon Benfield
Japan's reinsurance rates on April 1 rose by 5-10%, research from Aon Benfield has shown.
IPC to review Validus offer
Bermudian (re)insurer IPC Holdings has said it will review the $1.68bn takeover offer from rival Validus.
Preparing for the worst
Rethink
Lloyd's appoints new franchise director
Lloyd's has confrimed that Tom Bolt will take over from Rolf Tolle as underwriting performance direc...
Overview - Things are looking up
The current financial climate is the perfect environment for increased run-off business as companies look to free up capital but prices remain high, writes Mairi Mallon
The bigger picture
Inside view
Bermuda Reinsurance composite posts monster net loss for 2008
The companies in Guy Carpenter's Bermuda reinsurance composite posted an aggregate net loss of nearl...