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Reinsurance

No room at the US specialty inn?

Tim Evershed analyses the increasingly crowded US specialty market and wonders if there are any niches left for non-US invaders to fill, or will the new players all cut each others throats?

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.

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.

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.

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