Reinsurance
Swiss Re senior managers grilled over sub-prime loss
Stockmarkets sold off Swiss Re shares hard as senior management spent all day yesterday (Monday 19th November) in calls with analysts explaining the circumstances and outlining the possible extent of the financial damage caused by its exposure to complex…
Swiss Re in $1bn credit crunch loss
Swiss Re has had to report a CHF1.2bn ($1.07bn) billion loss as it marked the value some of the asset backed securities forming part of two credit default swaps written by its Credit Solutions unit down to zero. The firm also revealed it still owned a…
Deadly 7 metre storm surge threatens 2 million in Bangladesh
Modelling firm Risk Management Solutions (RMS) has warned of the possiblity of a devastating humanitarian catastrophe in Bangladesh as Typhoon Sidr closes in on on landfall in a potential re-run of a 1991 loss that caused 150,000 deaths.
Paris Re net premium falls 14% in Q3
Swiss-headquartered reinsurer Paris Re has posted third quarter results that show net written premiums falling 14% when compared to the same period a year earlier.
Investor bought out
Start-up reinsurer Lancashire has bought out one of its founding investors just weeks after announci...
Appointment at Talbot
Jeremy Austen has been made chief executive officer of Talbot Asia. Mr Austen has worked in the insu...
What the papers said this week
Norwich Evening News Norwich Union will put three of its city centre buildings up for sale in t...
VP acclaims "light touch" as it acquires three more
Axa's swoop on the broking sector continued this week with the acquisition of three additional compa...
Appointment at Aspen Insurance
Aspen Insurance has appointed Liaquat Ahamed to the board as a non-executive director. Mr Ahamed, wh...
Venture Preference acquires three brokers
Axa-owned Venture Preference has acquired two brokers through its Smart & Cook business and one via its Stuart Alexander business to boost its SME broker’s GWP by £25m.
Reshuffle at Guy Carp's European and Asia Pacific operations
Guy Carpenter has announced a number of key executive appointments to its European and Asia Pacific broking operations.
Hannover Re 3Q results show net income over $400m
Hannover Re has reported a group net income of €296m ($434m) for the third quarter of this year – an increase of almost 140% on the same period of 2006.
Glacier appoints Bothe for treaty
Glacier Reinsurance has appointed Ralph Bothe as treaty underwriter. He takes up his position immediately.
BLG hires trio for casualty practice
Barlow Lyde & Gilbert has announced that three personal injury lawyers - one costs specialist and two barristers - will be joining the firm’s casualty practice.
Appointment at Ark
Ark Syndicate Management has recruited David May as head of Casualty Re, and Andrew Aldwinckle as se...
Integro recruits duo
Integro has appointed two principals to the firm's recently launched insurance and reinsurance group...
Appointment at Integro
Integro has recruited Guy Bessis as managing principal for the firm's international insurance and re...
Clement Booth - Fighting against the status quo
Challenging the unacceptable cost of transacting business in the insurance market, Allianz's head of insurance, Anglo broker markets, Clement Booth tells Ralph Savage that the days of 30-50% being spent on intermediation and administration should be…
Appointment at Marsh
Ian Peters has been hired to lead Marsh's forensic accounting and claims services practice for the M...
Tawa to buy PXRe
Non-life run-off consolidator Tawa has entered into a stock purchase agreement with Argo Group Inter...
Libel - By the book
Professional Indemnity
Risk and insurance services launched for the care home industry
Erinaceous Insurance Services and Norwich Union, together with eight other companies, are set to unveil CareAssured, an integrated insurance and risk management programme for the care home sector.
Guy Carp names GCFac bosses
Guy Carpenter has announced that Mark Newman, Hugh Powell and John Trace have been named Co-Leaders of its GCFac, Guy Carpenter’s dedicated global facultative reinsurance unit.