Reinsurance
Lloyd's Chinese start-up given equal rating
A.M. Best has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a” to Lloyd’s Reinsurance Company (China), which is in line with the corporation's UK rating. The outlook on the FSR is stable, and the outlook on the ICR…
Willis Re says global softening trend continues at 1st April renewals
Reinsurance broker Willis Re has said that the April 1 reinsurance renewals have seen pricing stay flat or fall and that barring a major catastrophe it expects the trend to accelerate with the July 1 renewals across all lines of business
Aon and Benfield in $18.6m settlement
A settlement has been reached between Aon Re Global and Benfield Group after former Benfield faculta...
recruitment moves
Re-sume
Poaching and gamekeepers
Re-sume
PXRE wins back rating from AM Best as Peleus Re gets an 'A-'
Rating agency AM Best has assigned a financial-strength rating (FSR) of 'A-' to Bermudian start-up r...
Everything you need to know about the Strike Club
Briefing: Strike Club
Converium finally regains 'A' rating
Standard & Poor's (S&P) has raised Swiss reinsurer Converium's long-term financial strength rating t...
Benfield Corporate Risks spoils 2006 results party celebrations
(Re)insurance broker Benfield stunned the financial markets by unveiling a dismal performance from i...
Hannover Re completes $1.3bn Merlin securitisation
Hannover Re has claimed a first in transferring risks deriving from so-called reinsurance recoverabl...
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Validus gears up with $700m in credit deals
'Class of 2005' Bermudian start-up (re)insurer Validus has unveiled credit agreements aggregating $7...
Hannover Re's post-Praetorian plans
Hannover Re's senior management unveiled a seven-point plan following the release of its 2006 annual...
American Re-opened wounds spoil Munich Re 2006 result
Giant reinsurer Munich Re's bumper 2006 results masked substantial further reserve increases at its ...
Tokio Marine sets up life reinsurance on Isle of Man
Millea, the Japanese parent company of Tokio Marine, has teamed up with JP Morgan to form an Isle of...
Arch unveils $1bn buyback facility
Bermudian (re)insurer Arch has authorised the purchase of up to $1bn of its common shares through a ...
Flagstone IPO raises $175.5m
Class of 2005 Bermudian start-up Flagstone Re priced the initial public offering of 13m common shares at a price of $13.50.
Appointment at Aspen
Aspen has promoted Patricia Roufca to the role of associate group general counsel. Ms Roufca joined ...
Appointment at Benfield
Tony Dryden has joined Benfield's global facultative solutions team. Mr Dryden will be based in the ...
Unethical tactics slammed
Lancashire law firm Napthens Solicitors has voiced concerns on the increasing use of "underhand tact...
Appointment at Towergate
Towergate has made two promotions. Matthew Bray is now regional managing director for its central re...
Axis buys media liability specialist from Aon
Bermudian (re)insurer Axis has announced that it has agreed to acquire the assets and operations of Media/Professional Insurance (Media/Pro), a managing general underwriter specialising in professional liability lines of business, from Aon Underwriting…
Heritage reports bumper year despite Rock loss
Fledgling Lloyd’s insurer Heritage has reported bumper 2006 annual profits.