Reinsurance
Montpelier appoints new CFO
Bermudian (re)insurer Montpelier Re Holdings has announced the appointment of Michael Paquette as chief financial officer, effective from May 1st 2008. Mr Paquette, who currently serves as Montpelier’s principal accounting officer, will keep his job as…
White Mountains to buy out Berkshire Hathaway stake
Bermuda-headquartered (re)insurance group White Mountains has announced today that it has signed an exchange agreement with Berkshire Hathaway to buy substantially all of the common of Berkshire Hathaway’s 16.3% stake in the firm in a cash and run-off…
Flagstone to buy Imperial Re of South Africa
Bermudian class of 2005 start-up reinsurer Flagstone Re has announced that it is to buy 65% of South African reinsurer Imperial Re, a company it first teamed up with back in October 2007.
Windstorm Johanna sweeps across UK
Windstorm Johanna continues to lash parts of the UK and France.
Hiscox weathers storm
Hiscox has reported profit before tax of £237.2m (2006: £201.1m) on gross written premium of £1.2bn ...
What the papers said this week
International Herald Tribune Warren Buffett has said he will no longer offer to guarantee $800bn (£...
Critical illness - On the critical list
Health & Protection
Swiss Re happy with results
Swiss Re has reported a 9% decrease in net income for 2007 to CHF4.2bn (£2.04bn) and a return on equ...
Quinn Direct among firms owed millions as company faces insolvency
Insolvency proceedings have been launched against broker Orion Direct after it is understood to have...
Guy Carpenter hires CEO
Marsh and McLennan Companies has named Peter Zaffino as chief executive officer of Guy Carpenter, re...
Appointment at NMB
Newman Martin and Buchan has recruited Chris Jones to its reinsurance division. Mr Jones has 25 year...
Amlin ROE up 37.8% despite weakest links
A combination of successes produced a return on equity of 37.8% for Amlin in 2007, despite the "weak...
Electronic accounting and settlement arrives in Bermudian reinsurance market
Technology in the Bermudian reinsurance market has taken a leap forward with the arrival of electronic accounting and settlement messaging.
Aspen appoints new marine and energy leader
Bermuda-based insurer Aspen has promoted Simon Mason to the role of deputy head of marine and energy, international insurance, with immediate effect.
'Party is over' for reinsurance - Buffett
The great times for the reinsurance industry may be over, warned Warren Buffett in his annual letter to Berkshire Hathaway shareholders.
Commercial property - International property market takes $1.5bn to $2bn hit
The international commercial property market has suffered a string of major losses totaling approxim...
Monoline insurers - Buffett offers AAA exit for monoliners
Warren Buffett offered monoline bond insurers an olive branch last month, when he offered monoliners...
Reinsurance 2007 results round-up
COMPANY NET WRITTEN UP/DOWN COMBINED UP/DOWN P...
Catlin signs cat loss reinsurance contract to protect portfolio
Catlin Group has purchased a collateralised $150m annual aggregate reinsurance contract which protec...
RMS lanches loss index for European windstorms
Risk Management Solutions has launched what it claims is the first parametric index for assessing in...
Introduction - They have built it - you should come
Middle East Report
Recruitment moves
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