Reinsurance
Omega takes itself off the market
Omega has terminated takeover talks with various suitors. Earlier this month, the Lloyd's insurer sa...
Guy Carpenter set to axe 350 jobs in strategic initiative
Reinsurance brokers were feeling the pinch in the first quarter of 2008, with both Guy Carpenter and...
Numbers for the first quarter are ugly
It was an ugly time for reinsurance companies releasing their first-quarter numbers, with falling re...
D&O jumping 40% claims Iron Pro
Directors' and officers' insurance rates are jumping more than 40%, due to the sub-prime credit disa...
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Flagstone Re to buy 29.9% of Alliance Re
Flagstone Re has said that it has agreed to buy up to 29.9% of Cyprus-domiciled specialist property ...
A sort of homecoming
London Market
Keep the champagne on ice
Alexander Ferguson goes head-to-head with Grahame Chilton of Benfield
My, how this little terror has matured
Mairi Mallon finds tough competition in the terrorism market has is not only been bringing in new clients in droves, but making existing players look at expanding their cover into other areas of political risk.
How the death of insurable interest will help capital market convergence
Neil Beighton explains how new thinking in the UK on the law relating to insurable interest might be a boon to the nascent insurance derivatives marketplace
Montpelier Re Q1 net income plunges
Montpelier Re, the Bermudian (re)insurer, reported that first quarter net income plunged to just £0.3m from £73.3m in the first three months of 2007 after losses from key commercial properties came through.
Lancashire approves repurchase programme
Lancashire Holdings has approved a share repurchase programme after announcing its results for the three month period ending 31 March 2008.
Axis Capital Q1 net income up 4%
Axis Capital, the Bermudian (re)insurer, reported a 4% rise in first quarter net income.
Flagstone Re to buy 29.9% of Alliance Re
Flagstone Re has said that it has agreed topurchase up to 29.9% of Cyprus-domiciled specialist property and casualty reinsurer Alliance Re from current shareholders.
Guy Carpenter confirms job cuts
Global reinsurance broker Guy Carpenter has confirmed that it is undergoing a round of job cuts.
Ironshore wins New York excess and surplus approval
Ironshore Insurance the Bermudian specialty (re)insurer, has gained approval to write excess and surplus busines in the state of New York, when the Excess Line Association of New York (ELANY) added the firm to a list of eligible E&S insurers.
Benfield UK staff in pensions squeeze
Hundreds of Benfield staff could see their pension benefits cut as a result of the reinsurance broker’s efforts to save cash in order to deal with the softening reinsurance cycle as well as the weak dollar.
Guy Carpenter's White next senior casualty of job cuts - sources
Guy Carpenter’s UK energy reinsurance broking head is the latest senior casualty as part of the broker’s job cutting, Reinsurance has learned.
Integro looks to Lockton and JLT for hires
Integro has bolstered its UK practice with hires from Lockton and Jardine Lloyd Thompson.
IPC Holdings Q1 net income up; gross written premiums off 16%
IPC Holdings, the Bermudian (re)insurer, said that gross written premiums for the first three months of the year dropped 16% to $197.9 million, compared to $236.2 million in the first quarter of 2007.
Willis appoints new executive vice president
Willis Group Holdings has announced the appointment of Dorien Smithson to executive vice president, Willis Americas.
Guy Carp senior vice-president Rich goes in round of job cuts- sources
One of Guy Carpenter’s senior vice-presidents has been named as another high-profile casualty of the reinsurance broker’s job cuts, Reinsurance understands.