Reinsurance
Flagstone Re appoints new CFO
Flagstone Re, the Bermudian (re)insurer, said that it has appointed Patrick Boisvert as chief financial officer in addition to his responsibilities as chief financial officer of the group's main operating company, Flagstone Reassurance Suisse SA.
Cooper Gay grows treaty reinsurance team
Cooper Gay has appointed Matthew Whyte to its reinsurance division.
Hitchcock joins Tysers
Former president and CEO of Swift Intermediaries Neil Hitchcock has joined broker Tysers as producti...
Hard times
Baden Baden: Report
Zurich figures nose-dive
Zurich Financial Services has reported a 15% drop in business operating profit to $4.2bn (£2.8bn) an...
Benfield takeover close
The Office of Fair Trading has decided not to refer Aon's takeover of UK reinsurance broker Benfield...
Pro Insurance Solutions wins Lloyd's license
Swiss Re-owned PRO Insurance Solutions has been given a license to be a Lloyd's run-off broker, the company has said.
Ascot increases capacity for 2009
Ascot Underwriting has increased its capacity for next year by £20m after the insurer's owner AIG lodged the funds at Lloyd's to support Ascot's 2009 business plan.
THB appoints former GC Fac head as commercial director for Amsterdam office
Specialist broking group THB has announced the appointment of Ernst-Jan Henkelman as commercial director of its Amsterdam office.
Texas approves 12.3% increase for Texas Windstorm Insurance Association
(BESTWIRE) - In an attempt to establish rates that are better suited to cover claims, the Texas insurance commissioner has exceeded a mandated cap on rate increases for the state's insurer of last resort for windstorm coverage.
Amlin's syndicate income falls 11.3%
Amlin has reported a fall of 7.5% in gross written premium (before deduction of brokerage) for the first 10 months of the year to £904.1m compared to the same period last year (2007: £977.2m).
Reinsurance rates set to soar, says Amlin
The reinsurance market is poised to see a strong rise in rate levels while added pressure on reinsurers due to less available capital is limiting their appetite for risk, according to Amlin.
Talbot grabs senior XL aviation exec to head up new aviation team
Talbot, the specialty insurance group which is a subsidiary of Validus Holdings, has appointed Peter Bilsby as head of global aerospace.
Glacier says expects to produce a net underwriting profit for 2008
Glacier, the European (re)insurer, said that it expects to generate a net underwriting profit, despite estimating that it will be hit by a total of $71m of claims stemming from US Hurricanes Gustav and Ike.
Hardy says outlook for business 'improving'
Hardy Underwriting, the Bermuda domiciled Lloyd's of London (re)insurer, said that the outlook for its business is improving.
Arch Capital's Canadian chief moves over to new role
Arch Capital, the Bermudian (re)insurer, said that Michael Baxter will move from being head of the group's Canadian operations and become worldwide chief underwriting officer for Arch Insurance Group's onshore energy (technical risk) and CAR/EAR…
Cooper Gay clarifies it has not acquired Benfield's entire areospace team
Cooper Gay has clarified that it has acquired 10 members of Benfield's London based wholesale and direct aviation team, but not its entire aerospace team.
Tysers hires North American and international manager
International insurance broker Tysers has appointed Neil Hitchcock as production and marketing manager for its North American and International specialty division.
Scor Q3 third quarter net income drops 71%
Scor, the French (re)insurance giant, saw its third quarter net income drop by 71% after asset writedowns took their toll on the company.
Financial crisis will cause a 'secular change in rates' - Novae CEO
The financial crisis will cause a 'secular' change in rates, Novae chief executive Matthew Fosh said today.
Novae reports £45m hurricane losses in Q3
Novae has reported group gross written premium for the first three quarters of the year of £267.8m compared to £240.9m for the same period in 2007.
Zurich operating profit drops 15%
Zurich Financial Services has said all its core business areas are delivering solid operating performances despite the impact of "particularly adverse circumstances" in the third quarter.
Catlin anticipates a "significant improvement" in underwriting conditions
Catlin, the Lloyd's (re)insurer, said that it anticipates a "significant improvement" in underwriting conditions.
Paris Re reports Q3 net income rise as FX gains offset underwriting losses
Paris Re, the French (re)insurer, said that third quarter net income rose to $27.4m from $13m a year earlier, as large currency gains linked to the strengthening dollar against the pound and euro overcame US hurricane-related underwriting losses.