Reinsurance
Reinsurance FY results round-up
This week Ace, the Bermudian (re)insurer, reported a 12% rise in full-year net income to $2.57bn, up from $2.30bn. However, combined ratio for the year fell to 87.9% from 88.1%, while net written premiums for the year fell marginally to $11.98bn from $12…
Omega in play, private equity mooted
Omega Insurance, the Lloyd’s-based specialist (re) insurer, has confirmed that it is “in discussions with a number of parties who have expressed an interest” in acquiring the group.
Aspen reports 29% increase in annual net income
Aspen Insurance has reported a record net income of an $489m marking an increase of 29.3% on 2006.
Verlingue hails key UK appointment
Alec Finch and Company has appointed Paula Williams as its new managing director. Ms Williams joine...
Appointment at Colemont
Carlos Herrera has joined Colemont Miami's corporate portfolio division. He was previously employed ...
Zurich aims for top three
Zurich has expanded its marine division by appointing a new head and forming a marine cargo unit, th...
Hurricane link research
New research quantifying the impact of rising Atlantic sea surface temperatures aims to help insurer...
Penny Black's insurance week
Penny was tempted to join the ranks of Lancashire Insurance last week, after setting eyes on the com...
Benfield gets China nod
Benfield has received approval from the China Insurance Regulatory Commission to open a new represen...
Brindle warns insurers of multi-billion credit crunch losses
Insurers are being warned that their "attention deficit disorder" could lead to difficulties this ye...
Lloyd’s announces new appointments to its council and Franchise Board
Lloyd’s today announced a number of appointments to its council and Franchise Board.
Amlin underwriting director takes time out
Tony Holt, Amlin's underwriting director, is undertaking some medical treatment which necessitates him taking a few months off work, the Lloyd's insurer said today.
BMS hires North American CEO
Reinsurance broker BMS has announced the appointment of James Buysse as chief executive of its North American operations, BMS Intermediaries.
Aon Re takes former Max Re CEO for capital markets role
Aon’s reinsurance broking arm, Aon Re Global, has announced the appointment of Bob Cooney as managing director of Aon Capital Markets.
Recruitment moves
Re-sume
Starr launches new Lloyd's syndicate
Starr Managing Agents, part of specialty reinsurer CV Starr, has formed a partnership with energy in...
How much is too much?
Inside view
AIG axes Concord Re sidecar
AIG has cancelled Concord Re, the $730m class-3 Bermuda sidecar reinsurer it set up in August 2006, ...
What's Libero all about?
Briefing
Guy Carpenter to open Prague office
Reinsurance broker Guy Carpenter is to open an office in Prague on 1 March 2008. The new office will...
R&Q Re given the Bermuda green light
Randall and Quilter (R&Q) has received approval from the Bermuda Monetary Authority for the registra...
Not out of the woods yet
Asbestos