Reinsurance
S&P: outlook touch and go for reinsurers
Ratings agency Standard and Poors has maintained its stable outlook for the reinsurance sector in 2008, but has warned it will be looking ever more closely at demand trends and pricing and reserve adequacy as the softening market progresses.
Appointment at Aspen
Aspen has promoted Simon Mason to deputy head of marine and energy, international insurance. Mr Maso...
ILG wants fair chance for all
The insurance industry plans to go live this spring with an initiative to help young people setting ...
Orion book sold to CIS
Lancashire broker Orion Direct has had its book of business sold to Collingwood Insurance Services a...
Heritage invests in new business development manager
Heritage has appointed Paul Aitchison to its newly created position of business development manager at Heritage Mutual Management in its London office.
Lancashire strengthens board
Lancashire Holdings has announced the appointment of John Bishop as an additional non-executive director.
Ironshore enters healthcare liability sector
Ironshore has announced it is entering the healthcare liability sector with the launch of Ironhealth.
Space premium set to soar
Space claims are estimated to reach $835m for 2007, prompting insurers to re-assess their premium rating and income targets for this year, according to Aon.
Validus and Laird link-up
Management consultancy Validus-IVC, and Laird Assessors have announced a strategic partnership. Lair...
Top five web stories
The top five most popular news stories on postonline.co.uk over the last week were: 1. IAG acquires...
Difficult 2007 stalls Benfield revenues
Reinsurance broker Benfield has admitted it was "swimming against the tide in heavy weather" last ye...
Dutch courage
Lloyd's has announced it will insure a leading European wine maker and taster's nose for EUR5m (£3.8...
Omega talks continue
Bermuda-domiciled insurance group Omega Insurance has said takeover discussions are ongoing as it re...
Aspen announces directorate change
Aspen has promoted of Julian Cusack to chief operating officer and expands the role of chief financial officer Richard Houghton.
Lloyd's creates bespoke policy
Lloyd’s has announced it has insured a leading European wine maker and taster’s nose for five million Euros.
Net premium falls $3.1bn for US reinsurers
A group of 20 US property-casualty reinsurers wrote $22.7bn in net premium in 2007 marking a decrease of $3.1bn from the previous year, according to the Reinsurance Association of America annual underwriting report.
Hannover sees €30m Emma hit , retro up to 30% softer
Global reinsurer Hannover Re, has said it has made a preliminary estimate of approximately €30m of net losses from Windstorm Emma which wreaked havoc across Central Europe on March 1st.
Jobs will go as part of Benfield's cost savings plan - CEO
Some of Benfield’s £15m of cost savings will come in the form of job cuts, confirmed the reinsurance broker’s chief executive today.
RFIB Group appoints new recruit
Lloyd’s insurance and reinsurance broker RFIB Group has announced the appointment of a new group chief financial officer.
Benfield shares hammered as results disappoint
Reinsurance broker Benfield reported falling 2007 revenues and profits as the firm was hit by the sliding dollar, competitive reinsurance pricing and experienced a continued drag from losses at its fledgling corporate risks division.
Validius-IVC and Laird team up
Validus-IVC, a specialist management consultancy, and Laird Assessors have announced a strategic partnership.
Omega says takeover discussons ongoing; reports doubling of FY profit
Bermudian-domiciled Lloyd’s (re)insurer Omega Insurance said takeover discussions were ongoing, although gave the market nothing to report.
Windstorm to cost hundreds of millions
Gale force winds and relentless rain across large parts of the UK this week are expected to result i...
Harbor Point in frame for Omega - sources
Bermudian (re)insurer Harbor Point may have Lloyd's insurer Omega in its sights, sources have told Reinsurance Magazine.