Reinsurance
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.
Equitas sale sees Lloyd's rating upgraded to A+
Fitch Ratings has today upgraded Lloyd's Insurer Financial Strength rating by one notch to 'A+'. At the same time, the agency has upgraded the Society of Lloyd's Issuer Default rating by one notch to 'A'.
Lancashire gets new CEO as Brindle takes back seat
Class of 2005 Bermudian (re)insurance start-up, Lancashire has appointed Simon Burton as chief executive and chief underwriting officer of Lancashire Insurance Company, the Group's Bermuda underwriting platform. Burton will also be Deputy CEO of its…
Hardy’s results mark ‘new chapter’
Hardy Underwriting Group has revealed its profit before tax has more than doubled on last year despite premium income dropping by £5.2m to £111.3.
Appointment at Willis Re
Willis Re has appointed Doug May as executive vice president of its new branch in Seattle. Prior to ...
Appointment at Guy Carpenter
Guy Carpenter has appointed Laurent Dignat to its newly created European solutions group. Mr Dignat ...
What the papers said this week
Sunday telegraph According to gossip at Lloyd's, Flagstone, a $1bn Bermudian insurer that is plan...
Benfield Fac headcount up with PWS defection
Reinsurance broker Benfield has announced the appointment of Tony Dryden to its global Facultative Solutions team. Mr. Dryden will be based in Benfield’s Singapore office, focusing on property and energy facultative reinsurance.
American Re-opened wounds spoil Munich Re 2006 results
Giant reinsurer Munich Re’s bumper 2006 annual results have masked substantial further reserve increases at its US reinsurance business a year after the group said it had drawn a line under a painful reserve-strengthening exercise in its US subsidiary.
Lancashire Dubai office gets licence
Class of 2005 Bermudian start-up (re)insurer Lancashire has announced that its subsidiary Lancashire Marketing Services (Middle East) Limited has received authorisation from the Dubai Financial Services Authority (DFSA) in the Dubai International…
Willis re opens in Seattle with Guy Carp hire
Willis Re, has announced the opening of a new branch office in Seattle .
Beaton, Foreman & Bonnar float $222m Ark at Lloyd’s
Ark, a new Lloyd’s syndicate and managing agency, has been launched with capacity of £114m ($222m) for the 2007 year of account.
PXRE wins back rating as Peleus Re gets an A-
Rating agency AM Best has assigned a financial strength rating of A- to Bermudian start-up reinsurer Peleus Re following the announcement of its foundation through the merger of US Argonaut and PXRE Group.
PXRE move wins Argonaut negative outlook from S&P
Standard & Poor's has revised its outlook on US Specialty insurer, Argonaut Group's rated operating subsidiaries to negative from stable.
Hannover to reinvest €600m in core reinsurance business
Global reinsurer Hannover Re has unveiled bumper results for 2006, posting a net profit of €514.4m on the back of net earned premium of €7bn and a non-life Property Casualty combined ratio of 98.4%. The results produced a return on Equity of 18.7%.
Argonaut reverses into PXRE’s Bermudian shell
Texan specialty insurer Argonaut and troubled Bermudian reinsurer PXRE have announced they are to merge to form the Argo Group in a move that will see the Texan holding company redomicile to Bermuda and capitalise a reinsurer to be called Peleus Re.
What the papers said this week
The Independent Beverley Charman, ex-wife of the insurance magnate John Charman, was threatened a...
Aon: Benfield staff poaching leads to £9.5m settlement
Broking giant Aon Re Global will pay more than £9.5m to rival Benfield over alleged breaking of cont...
Appointment at Barrie and Hibbert
Barrie and Hibbert has hired Elliot Varnell, Stephen Carlin and Hui Ming Ng from Deloitte and Touche...
Lancashire profits rise
Bermuda-based reinsurance group Lancashire reported a profit after tax of $159.3m (£82.4m) on gross ...