Reinsurance
Glencairn bolsters team with Axis hire for property push
Glencairn, a division of broker Faber & Dumas, has recruited John Andrews as an account executive to help spearhead the company's push towards increasing its US and international property binding authority business.
CV Starr, Ironshore in new joint venture
Ironshore, the Bermuda-domiciled insurer, said that it has formed a joint venture with US insurer CV Starr to create Iron-Starr Excess Agency Limited.
Hiscox sees renewal rates rise by up to 30%
Lloyd's insurer Hiscox this morning said it had seen good rate increases in key areas, especially reinsurance which accounts for over one third of its gross written premium. It added rates for 'peak zone US reinsurance business' rose on average by 15 -…
Max Capital CEO sees 21% FY premium growth in 2009
Max Capital's chief executive Marty Becker has said that gross written premiums for the Bermudian reinsurer is projected to grow by 21% in 2009, thanks to the current economic climate and a heavy natural catastrophe season last year.
Ironshore forms new P&C underwriting operation
Ironshore, the fast-expanding Bermudian insurer, said that it is to start a property and casualty underwriting operation - once again led by a former AIG employee.
Aon Benfield set to outsource 100 jobs
AON Benfield is outsourcing up to 100 jobs in its claims, accounting and contract wording department...
Sal Zaffino leaves Guy Carp subsidiary
Sal Zaffino has stepped down as chairman and chief executive officer of reinsurance broker Guy Carpe...
Lloyd's blessings grow
Lloyd's & London Market: Renewal season
Atkins joins Axis
Axis International loss adjusters and surveyors has appointed Richard Atkin as technical director. H...
Names back in the frame
News Analysis: Lloyd's Names
Appointment at Vision Vehicle solutions
Accident management company Vision Vehicle Solutions has recruited Ross Wilson as non-executive ch...
Arch announces approval for Lloyd's operation
Arch Capital Group, the Bermudian reinsurer, has said it has received approval in principle from the Lloyd's Franchise Board and the Financial Services Authority to establish a new managing agent and syndicate at Lloyd's.
Hannover Re CEO Zeller confirms retirement; CFO out too
Hannover Re's chief executive Wilhelm Zeller has confirmed that he is to step down at the end of June. He will be replaced by Ulrich Wallin.
Validus ups Ike loss estimates
Validus Holdings, the Bermudian (re)insurer, said that it has raised its loss estimates from Hurricane Ike by approximately $70.1m to a current total estimate of approximately $235.1m.
2008 highest year for US insured losses since 2005 - ISO
US property/casualty insurers are expected to pay homeowners and businesses $25.2 billion for 2008 property losses from 37 catastrophes - the fourth highest cost in a decade and the highest frequency in a decade, according to preliminary analysis by ISO…
Scor planning $200m catastrophe bond - reports
Scor, the French reinsurance giant, is currently marketing a $200m catastrophe bond to potential investors, according to reports.
Axis raids Cunningham for major loss expert
Axis International Loss Adjusters and Surveyors has appointed Richard Atkin as technical director. He joins from Cunningham Lindsey where he was a major loss expert.
Guy Carpenter's Reinsurance Solutions head steps down
Guy Carpenter, the reinsurance broking arm of Marsh & McLennan, said that Sal Zaffino has stepped down as chairman and chief executive of its Reinsurance Solutions business, which specialises in tailored insurance and reinsurance services.
Madoff may cost insurance industry $1.8bn - Aon Benfield
The Bernard Madoff scandal may cause insured losses of $1.8bn, according to research by Aon Benfield.
Hannover Re in €100m life reinsurance capital markets transaction
Hannover Re has transferred a portfolio of life and annuity reinsurance to the international capital markets, the company said in a statement.
Ironshore adds another former AIG executive
Ironshore added yet another former AIG executive when the Bermuda-based insurer appointed Geoff Smith as its worldwide head of its new excess liability division.
Platinum Re ups Ike estimates
Platinum Underwriters Holdings, the Bermuda-based (re)insurer, has increased its loss estimate from Hurricane Ike by approximately $60mto a total estimate of approximately $165m, net of reinstatement premiums and tax benefit.
Aon to outsource UK claims operations; Xchanging seen as favourite
Aon Benfield said that it will outsource its UK claims and other back office operations.
Colemont raids Benfield for new regional head
Colemont Global Group has received regulatory approval from the "Comision Nacional De Seguros Y Fianzas" in Mexico to open a reinsurance broking operation based in Mexico City.