Reinsurance
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.
Allstate closes $250m Texas windstorm cat bond
Allstate, the US insurance giant, has closed their second catastrophe bond deal under the Cayman Islands domiciled Willow Re.
Willumstad says AIG's insurance businesses unlikely to be sold
(BestWire) — Robert Willumstad, American International Group’s new chief executive officer, is promising a thorough examination of all the corporation’s businesses and may decide to sell some franchises, but expressed doubt that any of its insurance…
Insured value of US coastal properties jumps 7% yoy - AIR
The insured value of properties in coastal areas of the United States continued to grow at a compound annual growth rate of just over 7%, a report from AIR says.
Sullivan out as CEO, Willumstad in as AIG changes leadership
Martin Sullivan has resigned his post as CEO of AIG, the insurance giant said in a statement. Current chairman Robert Willumstad has taken over the reigns of the company.
Brit Insurance rating statement by AM Best
Brit Insurance Holdings has had its ‘A’ (excellent) financial strength rating for the group’s principle insurance company subsidiary, Brit Insurance confirmed by AM Best.
Guy Carpenter appoints Gardner to be new head of global sales
Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist, today announced Tim Gardner as head of its newly formed global sales practice.
Munich Re confirms insuring crashed Sudan Airways flight
Munich Re has confirmed that it had a share on the insurance for the Sudan Airways flight which crashed in Khartoum on Tuesday night.
Fitch projects return to underwriting loss for US P&C in 2008
US ratings Fitch is projecting that the US Property/Casualty industry forecast will make a modest underwriting loss in 2008, twinned with a "significant reduction in profits and return on surplus for the year".
Report reveals two-tier risk analysis divergence
Risk Report
Fostering healthy market convergence
The current, growing capital market involvement in the insurance and reinsurance industries through ...
XL Re wins Brazil admitted licence
XL Re has announced it has received regulatory approval to serve the Brazilian reinsurance market as an admitted reinsurer.
Marsh increases construction claims team
Marsh has acquired the assets of Nielsen-Wurster's construction claims and dispute resolution business.
Max Capital subsidiary buys Commercial Guaranty Insurance Company
Max Specialty, the U.S. excess and surplus lines unit of Bermudian (re)insurer Max Capital, said it acquired Commercial Guaranty Casualty Insurance Company, an insurance entity licensed to write business in all fifty states plus the District of Columbia.
Benfield invests $20.5m in Globe Re sidecar
Reinsurance broker Benfield has revealed it has made a cash investment of $20.5m into Globe Re, the Hannover Re property Cat sidecar launched on June 1st.
Atrium bags former Equitas boss for non-exec role
Lloyd's (re)insurer Atrium is has appointed Scott Moser as non-executive director of both Atrium Underwriting plc and Atrium Underwriters Limited.
School premiums slashed
A south London borough has managed to reduce insurance premiums in its schools after tightening up s...
Broker reveals new hire
Guy Carpenter has appointed Andrew Marcell to lead its Americas broking operations. He will replace ...
NIG director exit adds to uncertainty
The future of the Royal Bank of Scotland's insurance business was still unclear this week after the ...
Ironshore eyes Pembroke
Bermudian insurer Ironshore is stalking Chaucer-managed syndicate Pembroke, Post's sister magazine R...
More Cooper Gay-GBS fallout as Heath exec hands in resignation
Another Heath Lambert executive has resigned as the fallout from the failed Cooper Gay buyout for its global business solutions (GBS) unit continues.
Departed MMC CFO gets $5m
MMC will pay departing chief financial officer Matthew Bartley more than $5m in compensation after the decision was made to part company with him, Reinsurance Magazine can reveal.
Reinsurers' combined ratio deteriorates in Q1- RAA
The Reinsurance Association of America said that policyholders’ combined ratios fell to 95.2% from 89.8% in the first quarter of 2008 compared to the same period last year.