Reinsurance
IFEX optimistic for 2009
IFEX is optimistic for the 2009 despite the current maelstrom in the financial markets, a senior director has told Reinsurance.
Ex-Guy Carpenter casualty broker hired by Advent
Chris Rich, one of Guy Carpenter's biggest casualty brokers has joined Advent as a casualty underwriter, Reinsurance has learned.
Lancashire appoints chief risk officer
Lancashire Holdings, the Bermudian (re)insurer, said that it has appointed Steven Sumner as chief risk officer. Neil McConachie, who previously held the role of chief risk officer, continues as chief financial officer.
Appointment at Cooper Gay
Cooper Gay has recruited Matthew Whyte to its reinsurance division with a remit to develop non-marin...
Appointment at THB
THB has appointed Ernst-Jan Henkelman as commercial director of its Amsterdam office. Mr Henkelman's...
Hiscox launches RI3K
Hiscox is launching a trial of the RI3K trading service for part of its 2009 reinsurance purchases. ...
MMC admits warchest
Marsh and McLennan, the financial services giant that owns insurance broker Marsh and reinsurance br...
Reinsurance rates expected to rise 5-10% says S&P
Reinsurance rates for the upcoming January 1st renewals period is expected to jump 5-10%, according to US ratings agency Standard & Poors.
Ark Syndicate grabs senior casualty underwriter from Aspen
A senior casualty underwriter from Bermudian (re)insurer Aspen Re is to move to Lloyd's syndicate Ark Syndicate Management, Reinsurance has learned.
MMC eyeing acquistions
Marsh and McLennan, the financial services giant that owns insurance broker Marsh and reinsurance broker Guy Carpenter, said it has over 22.6m shares of its common stock available for acquisitions.
FTSE surges after UK pre-budget report, Citi bailout
The FTSE-100 is up over 9% after a rescue plan for ailing US bank Citi was added to by UK Chancellor of the Exchequer announced a series of measures to help Britain's struggling economy.
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.