Reinsurance
IPC Holdings FY net income drops 76%
IPC Holdings, the Bermudian holding company for reinsurer IPC Re, said that full-year net income dropped 76%, hampered - like its rivals- on investment income losses.
Arch's FY net income more than halves
Arch Capital, the Bermudian (re)insurer, reported a fourth quarter net loss of $142.9m, down from a net gain of $234m in the same period of 2007. Arch's full-year net income result more than halved to $265.1m, down from $832m the year before.
US firm looks to set up de facto pricing model for property claims
An American software firm is poised to roll out its products across the UK with the aim of becoming the de facto source for pricing information for property claims expenditure, whether it is labour, materials or plant hire.
Montpelier Re Q4, FY results hammered by investment losses
Montpelier Re, the Bermudian (re)insurer, stumbled to a comprehensive loss in the fourth quarter of 2008 and for the full year after sustained heavy investment and catastrophe losses.
Atrium opens Asia office
Atrium Underwriting Group has opened a Singapore office to develop regional business on behalf of Atrium Syndicate 609.
Ironshore Environmental unit in reinsurance agreement with Berkshire Hathaway
Ironshore Environmental, a newly formed division of Bermudian insurer Ironshore, said it has placed its reinsurance treaty and that separately it had entered into an arrangement with a member of the Berkshire Hathaway group of insurance companies for…
Appointment at Markel International
Markel International has recruited Tomas Nilsson as claims manager for Markel International Sweden. ...
QBE acquires in move to be top five property player
QBE has moved closer to its ambition to become a £500m specialist property player and top-five UK pr...
Alec Finch outlines plans after giving up chair role
Alec Finch has revealed he will focus on other business interests after stepping down as chairman of...
Swiss Re replaces chief exec
Swiss Re has replaced chief executive Jacques Aigrain amid heavy investment losses. Mr Aigrain resig...
Lancashire: conservative rules
Lancashire's full year results have beaten market expectations despite reporting a fall in pre-tax p...
Marsh group revenue rises
Marsh and McLennan group companies saw global revenue across the risk and insurance services busines...
Willis networks attracts eight new members
Willis Group Holdings has secured eight new members to its Willis Networks.
(Re)insurance giants combine for new Cat data service
Eight major reinsurance players have established an independent Zurich-based company to aggregate and provide industry-wide European catastrophe insurance data as a subscription service.
Investment losses send Flagstone to Q4, FY loss
Bermudian (re)insurer Flagstone Re reported net losses for the fourth quarter and full year.
Lancashire shares up as FY results beat estimates
Bermudian specialty insurer Lancashire smashed full-year pretax profit expectations when it reported its results on Monday.
Validus FY net income tumbles
Validus, the Bermudian (re)insurer, said that net income for the year ended December 31, 2008 was $53.1m, compared with $403m, for the corresponding period in 2007.
Alec Finch steps down two years after Verlingue deal
The founder of Manchester broker Alec Finch has stepped down from the business two years after it was acquired by French broker Verlingue.
Swiss Re CEO Aigrain out
Swiss Re has replaced its chief executive Jacques Aigrain amid heavy investment losses and a dwindling share price.
The legacy leg up
Run-off Opportunities
Markel appoints new claims manager
Markel International, the specialty property and casualty insurer, has appointed Tomas Nilsson as claims manager for Markel International Sweden.
MMC shares up 15% after reporting rise in FY revenues
Shares in Marsh & McLennan, the owner of broker Marsh and reinsurance broker Guy Carpenter, were up 15% in early trading on Wednesday as the group reported an 11.6% rise in consolidated revenue for the year.
The legacy leg up
Run-off Opportunities
Validus swoops for Munich Re exec to lead Singapore reinsurance office
Bermudian (re)insurer Validus Holdings has said it is opening an Asia-Pacific reinsurance representative office located in Singapore. The new office will represent Validus Re, the Validus group's Bermuda-based reinsurance operation which focuses on short…