Reinsurance
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.
Flagstone in $104m Cat bond deal
As first revealed by Reinsurance in May 2008 Bermudian reinsurer Flagstone Re has announced that it has bought a three-year fully collateralised retrocession on an indemnity basis from Valais Re a Cayman Islands special purpose reinsurer.
Ironshore stalking Chaucer's Pembroke syndicate - source
Bermudian insurer Ironshore is stalking Chaucer-managed syndicate Pembroke, Reinsurance understands.
Berkshire Hathaway reports a 64% decrease in Q1 profit
Berkshire Hathaway reported a first-quarter profit of $940m, a decrease of 63.8% from the same perio...
(Not much) trouble in paradise
Bermuda special
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Blog-Re.com
Florida P&C pricing off 15% says Guy Carpenter
Florida property catastrophe pricing is expected to decline by about 15% at the 1 June renewals, acc...
Marsh CEO to get $5m compensation
MMC will pay departing chief financial officer Matthew Bartley more than $5m in compensation after t...
Are you ready to run the hurricane gauntlet?
Inside view
Fitch: only a $40bn loss would halt cat slide
It would take insured losses of around $40bn to reverse the softening catastrophe price cycle, US ra...
Recruitment moves
Marsh and McLennan has said that it has started the search for a new chief financial officer after i...
Busy month for capital market convergence
May was a busy month for the reinsurance world's venture into the capital markets. As revealed by R...
Citizens cover attracts big hedge fund support
Citizens, the Florida state-owned insurer of last resort, is to see a 1 June $440m reinsurance place...
Crunch time
In what ended up being what we believe is his last interview at the helm of AIG, Martin Sullivan made time to talk to Alexander Ferguson in New York last month
Diary
July 2008 3-4 Jul Essential Skills for Insurance Professionals Seminar Marriott Hotel Kensington, ...