Reinsurance
Hurricane Ike estimates are hiked in Lloyd's and Bermuda
Lloyd's and Bermudian (re)insurers have raised their estimates for Hurricane Ike, which devastated t...
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AIG earns wrath of Greenberg over "fire sale"
The AIG saga continued over the Christmas and New Year period, as the ailing US insurer battled outg...
Novae offers "friendly" merger deal to Chaucer
Lloyd's insurer Novae has offered (re)insurance rival Chaucer the chance to merge on an all-share, n...
Allstate downgraded after $1.1bn net loss
US insurance giant Allstate was downgraded by ratings agency Moody's after it recorded a fourth quar...
Swiss Re FY result likely to be 'messy', says analyst
Swiss Re's fourth quarter and full-year results are going to be a 'mess' when the reinsurance behemoth reports on 19 February, according to a senior analyst at Collins Stewart.
Tysers snags senior exec from Benfield
Tysers, the Lloyd's broker, said it has appointed Edward Page-Turner as a director of its marine division.
Transatlantic FY net income drops 79%; shares tumble
Transatlantic Holdings, the US reinsurer, reported a 79% drop in net income for 2008, after catastrophe losses and lower investment income heavily impacted the company's bottom line.
Arch hikes estimates for Ike losses by $160m
Arch Capital, the Bermudian (re)insurer, said that it expects to report after-tax operating income available for common shareholders in the range of $75-90 million for the 2008 fourth quarter.
Appointment at Axis
Axis International Loss Adjusters and Surveyors has appointed Richard Atkin as technical director....
What the papers said this week
Bermuda Royal Gazette American Geoff Smith, recently appointed by Ironshore, had drugs in four ho...
Taking the market by the horns
Clive Tobin
Solicitors not under duty to investigate CFAs
A lawyer has welcomed a recent High Court ruling that found solicitors are not under duty to investi...
Cooper Gay eyes expansion
Cooper Gay plans to expand its overseas presence and improve its existing product lines throughout 2...
Arch aims for approval
Bermudian reinsurer Arch Capital Group has received approval in principle from the Lloyd's Franchise...
Ironshore abandons London plan
Ironshore has abandoned plans to establish a London-based property team via its managing agency Pemb...
Appointment at Ironshore
Ironshore has recruited Steven England as executive vice-president responsible for running its new...
Carvill UK CEOs look to Willis to house clients
Carvill UK's joint chief executive officers are weighing up their options about where to take the tr...
Axa Corporate Solutions granted Brazilian licence
Axa Corporate Solutions has been licensed as an occasional reinsurer by the regulatory authorities in Brazil to carry out reinsurance business in this growing and important market.
Willis Re appoints ex-Carvill joint-CEOs
Willis Re, the re-insurance arm of global broker Willis Group Holdings, has appointed 17 professionals to extend the global growth of the unit's specialty lines business.
Chaucer to raise £75m in share placing
Chaucer, the Lloyd's (re)insurer, has announced that it is looking to raise £75m via a share placing.
Pick of the week
Post reporter Louise Meeson rounds up the top stories from the general insurance sector. This week: L...
Chaucer says has received offer proposal; Novae seen as bidder
Lloyd's (re)insurer Chaucer said that it has received an "unsolicited indicative proposal" from a third party" regarding a potential merger offer for the company on an all-share, nil premium basis.