Reinsurance
Video - Claims Club Annual dinner and Rising Star Award
If you missed this year's Post Magazine Claims Club annual dinner at Lords cricket ground you can watch some of the highlights now - including the presentation of the Rising Star Award 2008. Watch it now
Softening reinsurance pricing market continuing - Willis Re
Willis Re, the global reinsurance broker, has said that while softening in the reinsurance market continues unfettered, a disparity remains between reinsurance and primary pricing levels.
RAA: US reinsurers produced 93.5% combined ratio in 2007
The Reinsurance Association of America has released figures that show the US-domiciled reinsurance industry returning a 93.5% combined ratio for 2007
Axis Capital appoints chief investment officer
Axis Capital, the Bermudian (re)insurer, said that it has appointed Dean Benner as its chief investment officer, effective immediately.
Ironshore confirms Pembroke agreement
Ironshore has confirmed it has signed a sale and purchase agreement with Chaucer Holdings and the management of Pembroke for the £17m cash purchase of Pembroke Managing Agency, which manages Lloyd's Syndicate 4000.
Ironshore buys into Lloyd's through Chaucer's Pembroke
As predicted by Reinsurance , Lloyd’s insurer Chaucer has announced the sale of its shareholding in Pembroke JV Limited to Bermudian insurer Ironshore for £14.9m ($29.8m) in cash.
Lloyd's insurer in £14.9m disposal
Chaucer has sold its shareholding in Pembroke JV to Ironshore for a cash consideration of £14.9m, subject to a pound for pound adjustment to the extent that net assets at completion differ from £0.5m.
Post Claims Club Annual Dinner
A quick snapshot of what you missed at the Claims Club's annual dinner at Lords cricket ground along ...
Integro, Amber Partners introduce hedge fund investor cover
Integro, the complex risk insurance broker, and Amber Partners (Bermuda), the hedge fund operational due diligence firm, have introduced insurance coverage designed to protect sophisticated investors from hedge fund losses due to fraud, allegations of…
S&P: Montpelier syndicate unlikely to write to 2008 capacity
Ratings agency Standard & Poor's (S&P) has said that it believes Montpelier Re’s Lloyd’s syndicate 5151 is unlikely to write to its full capacity in 2008, due to soft market conditions.
Axis Capital takes Steel from Benfield; will become new chief risk officer
Bermudian (re)insurer Axis Capital has poached senior Benfield figure Michael Steel from the reinsurance broker, the company said in a statement.
Start-up hints at Lloyd's move
An energy and technical lines insurance operation has been launched in the London market with the ba...
Appointment at Lexington
Lexington Insurance Company London has appointed Richard Coombe as its bloodstock underwriting manag...
Private market insured losses limited for US Midwest floods - RMS
Private market insured losses to property may be limited in the Midwestern United States due to a lack of buyers of flood coverage in the affected region, a report from Guy Carpenter has said, quoting a note from Risk Management Solutions.
Benfield to appoint former RenRe president as non-exec
Reinsurance broker Benfield has said it is to apoint William (Bill) Riker to its board from the 1st of September 2008.
US P/C industry's net income after taxes almost halves in Q1 - ISO/PCI
The U.S. property/casualty insurance industry’s net income after taxes fell to $8.2bn in first-quarter 2008 from $16.2bn in first-quarter 2007 and a cyclical peak of $17.7 bn in first-quarter 2005, figure from ISO and the Property Casualty Insurers…
Marsh aviation team migrates to Guy Carpenter
Marsh’s aviation reinsurance team is set to join its sister Marsh and McLennan Companies-owned business Guy Carpenter by the end of the year.
New Energy insurer Torus launches in London and Bermuda with $720m
First Reserve Corporation, the company beind the 2006 Petrel Re energy sidecar for Validus Re and Sideris Re, has joined forces with a group of senior insurance practitioners to create a new specialist insurance company, Torus Insurance Holdings Limited …
Alec Finch London undergoes management buyout
Alec Finch London has been acquired by its management, it parent has disclosed.
Marsh aviation reinsurance team to transfer to Guy Carp
Marsh and its MMC reinsurance broker sister company Guy Carpenter have announced that Marsh's aviation reinsurance team is to transfer to Guy Carpenter by the end of 2008.
Hannover in exclusive life deal with India's GIC Re
Global reinsurer Hannover Re has reached an exclusive cooperation agreement with India's government-owned reinsurer GIC Re regarding the joint development, marketing and underwriting of life reinsurance business in India.
Appointment at Talbot
Talbot has hired Mike MacColl as marine and energy claims manager. Previously a director at Charles ...
Sullivan resigns from AIG
Martin Sullivan has resigned his post as CEO of AIG. Current chairman Robert Willumstad has taken ov...
Hannover Re confirms Sudan air crash exposure
Hannover Re has confirmed that it had a share on the insurance for the Sudan Airways flight which crashed in Khartoum on last week.