Reinsurance
Chaucer: it will take time to decide whether a bid will be forthcoming
Chaucer this morning reported an underwriting profit before investment income of £33.0m (2007: £75.5m) for 2008 on gross written premiums up 26.9% to £741.0m (2007: £584.1m). Its net earned premiums were up 23.1% to £547.2m (2007: £444.5m) and it…
Novae rules out Zurich, Dublin or Bermuda move for now
Lloyd's insurer Novae has reported a profit before tax: £40.2m for 2008 despite a estimated $40m loss from Hurricanes Gustav and Ike (net of reinsurance and reinstatement premiums).
Ironshore Bermuda appoints new boss
Ironshore Bermuda has appointed Mitch Blaser as its new chief executive officer.
Ironshore Bermuda appoints new CEO
Bermudian insurer Ironshore has appointed Mitch Blaser as chief executive of Ironshore Bermuda. Mitch has been with Ironshore since the company's launch in January 2007.
Appointment at XL Insurance
XL Insurance has appointed Elliot Lyes as offshore energy underwriter with global responsibility f...
Appointment at Validus Holdings
Validus Holdings is expanding its global technical lines division in the US, UK and Asia through the...
Guy Carpenter acquires
Reinsurance broker Guy Carpenter has agreed to acquire John B Collins Associates for an undisclosed ...
AM Best maintains 'stable' outlook on global non-life reinsurance sector
Ratings agency AM Best said it is maintaining a stable outlook in 2009 for the global reinsurance sector for the third consecutive year. This current outlook implies that the majority of 2009 reinsurer rating actions are likely to be affirmations with…
IPC CEO says merger will not lead to job cuts
The merger between Bermudian reinsurers IPC and Max Capital will not see any redundancies and may create jobs, IPC's chief executive has told Reinsurance.
Max, IPC shares tumble on merger news
Shares in Bermudian (re)insurers Max Capital and IPC Holdings tumbled on the NASDAQ after companies said they had agreed on a merger.
Guy Carpenter acquires US reinsurance broking giant
Guy Carpenter has agreed to acquire John B Collins Associates (Collins), a privately-held company which claims to be the seventh largest reinsurance intermediary in the world for an undisclosed sum.
AIG reports $99.3bn annual loss
American International Group has reported a net loss of $99.3bn (£69.82bn) in 2008 compared to net income of $6.2bn for full year 2007.
XL appoints new offshore energy underwriter
XL Insurance, the global insurance operations of XL Capital said it has appointed Elliot Lyes as offshore energy underwriter with global responsibility for XL Insurance's Offshore Operational account.
AM Best upgrades RSA
AM Best has upgraded the financial strength ratings (FSR) to A (excellent) from A- (excellent) and the issuer credit ratings (ICR) to "a" from "a-" of the rated UK operating subsidiaries of RSA Insurance Group.
IPC and Max Capital to merge
Bermudian (re)insuers IPC Holdings and Max Capital said they are to merge in the first big deal of the year.
Amlin hails "robust performance" as pre tax profit falls
Lloyd's insurer Amlin saw its profit before tax sink to £121.6m (2007: £445.0 million) in 2008 on gross written premiums of £1034m (£2007: £1044.7m).
Hannover Re rates boost
Hannover Re gave a much-needed boost to the the (re)insurance industry when it said that it expected...
Is the Cat party now over?
Focus: Capital markets
Berkshire Hathaway profits sink
Berkshire Hathaway's insurance operations saw underwriting profits sink. The insurance operation, w...
XL - Looking forward, not back
Company focus
Guy Carpenter acquires Collins
Guy Carpenter has agreed to acquire John B Collins Associates (Collins), a privately-held company th...
Known unknowns
Inside view
Perfect partners
Where will the (re)insurance sector turn to next for capital? Paul Lumbis covers the recent developments in the capital markets and explains why private equity will continue to be an important ally for the industry
Mad month for Swiss Re
Reinsurance giant Swiss Re saw its ratings downgraded by all three major ratings agencies after it r...