Reinsurance
MMC upgraded to 'outperform' by KBW on margin increase confidence
Global broking operation and financial services firm Marsh & McLennan has had its ratings upgraded to ‘outperform’ by a Wall Street firm on hopes that the company’s new management would increase margins.
Senior Guy Carpenter figure leaves for Catlin - sources
Mark Newman, one of the co-heads of Guy Carpenter’s global facultative reinsurance broking operation, has resigned from the world's biggest reinsurance broker to take up a senior job at Lloyd’s (re)insurer Catlin, sources close to the situation have said.
Scor admitted as P&C (re)insurer in Brazil
Scor has been admitted as a property and casualty reinsurer in Brazil. In addition, Scor is currently completing the formalities for SCOR Global Life US Re Insurance Company to operate as an admitted Life reinsurer in Brazil.
Talbot appoints construction underwriter
Talbot has appointed David Turner as its first dedicated construction underwriter, reporting to Steve Lloyd, Talbot’s head of Property.
Appointment at Marsh
Marsh has made three new additions to its programmes and franchise team. Nicholas Burt joins Marsh a...
Heritage acclaims Argo buy
Lloyd's insurer Heritage has said its pending acquisition by the Argo Group will take it "to the nex...
Appointment at Cunningham Lindsey
Cunningham Lindsey International has enlisted Rafael Calzadilla into its Caracas, Venezuela, office....
Axis sells off US business
Axis International Loss Adjusters and Surveyors has sold its US specialist adjusting business to Yor...
Dual International targets new UK bases
Dual International has revealed it is considering rolling out its operation across the UK. Executiv...
D&O rates jumping over 40% because of sub-prime - Iron Pro
Directors' and officers' insurance rates are jumping over 40% to the sub-prime credit disaster, says a senior director at Ironshore subsidiary Iron Pro.
AIG reorganizes domestic insurance ops
American International Group is reorganizing its domestic insurance operations to improve efficiency and customer service, the company said.
Dual reports rise in GWP
Dual International has reported a 17% increase in gross written premium from 2006, reaching €104m for the financial year to September 2007.
Fed prosecutors pressuring Berkshire to fire Gen Re CEO - report
Federal prosecutors are pressuring Berkshire Hathaway to replace the chief executive of its reinsurance subsidiary General Re, following criminal-fraud convictions of four former General Re executives earlier this year, says the Wall Street Journal,…
Loss adjusters merge
Axis International Loss Adjusters and Surveyors has sold its North American specialist adjusting business to York Specialized Loss Adjusting, a division of York Insurance Services Group, for an undisclosed sum.
Time to test yourself
A selection of questions from various past-CII qualification papers
Aspen gets Lloyd's nod
Aspen Insurance Holdings has received approval from Lloyd's to establish a new syndicate, Syndicate ...
Argo to acquire Heritage
Argo Group International Holdings has agreed a cash deal to acquire the share capital of Heritage Underwriting Agency.
Swiss Re replaces Ferguson as head of financial services
Swiss Re has confirmed that it has parted company with its head of financial services Roger Ferguson ending months of speculation that he had been ousted following the reinsurance giant’s sub-prime write-downs of autumn 2007. Swiss Re said Mr Ferguson…
Leave insurance alone, says NAIC
The National Association of Insurance Commissioners (NAIC) has responded negatively to the the US treasury department’s blueprint for financial regulatory Reform.
Paulson calls for optional US federal insurance regulation
Secretary of state to the US Treasury Henry Paulson has called for optional federal regulation of the US insurance industry.
Modeling match?
Blog-Re-Com
Fitch downgrades SCA to junk status
Fitch Ratings has downgraded the insurer financial strength (IFS) ratings of Bermudian (re) insurer ...
A bunch of frauds?
Dear friend, I suppose I'd better try and explain this month's intriguing front cover. It all start...
Space claims are out of this world
Space claims are estimated to reach $835m for 2007, prompting insurers to re-assess their premium ra...