Reinsurance
Validus gears up with $700m in credit deals
Class of 2005 Bermudian start-up (re)insurer, Validus has unveiled credit agreements aggregating $700m with a syndicate of lenders.
Aon and Benfield reach £9.5m settlement over defecting brokers
Aon Re Global today announced it has reached a global and comprehensive settlement with Benfield Group of all of the litigation relating to former Benfield facultative reinsurance employees who recently resigned from Benfield and will be joining Aon on 1…
Benfield Corporate Risks spoils results party
(Re)insurance broker Benfield has stunned the financial markets by unveiling a dismal performance from its corporate risk division which marred an overall increase in margins and broking revenues for the 2006 year.
Pick of the Week
Anthony Gould editor in chief Post looks at the major news this week including: CII calls time on ann...
Appointment at Benfield Australia
Craig Patterson and Simon Race have been appointed to Benfield Australia's board of directors. Mr Pa...
Appointment at Aegis London
Aegis London has appointed Sarah Davies as operations director. Ms Davies has 20 years' experience i...
Amlin ups commercial ante
Financial Results News
Appointment at Aspen
Aspen has appointed David Whiter as head of aviation and specialty reinsurance. Mr Whiter previously...
Lancashire acclaims first full year of trading a major success
Bermuda-based (re)insurance group Lancashire has reported a profit after tax of $159.3m on gross written premiums of $626.0m in 2006. It said its loss ratio was 16.1% and combined ratio 44.3%.
Hannover Re claims first with $200m Cat bond to protect its retention
Global reinsurer Hannover re has claimed a world first by placing a Cat bond to protect its retention under its existing K5 bond programme.
Arch unveils $1bn buyback facility
Bermudian (re)insurer Arch has authorised the purchase of up to $1bn of the company's common shares through a buyback programme running up to February 2009.
Record Swiss Re numbers fund GE buyout and buybacks
Swiss Re has reported net income of CHF4.6bn ($3.77bn)aided by a P&C combined ratio of 90.4% which resulted in a return on equity of 16.3%. The world number one reinsurer also unveiled capital management plans that will see it buy back GE’s remaining…
Converium finally regains ‘A’ rating
Standard & Poor's has raised Swiss reinsurer Converium’s long-term financial strength rating to "A-“ with a stable outlook. According to Standard & Poor’s the ratings decision reflects the Group’s strengthened management team and sound infrastructure,…
CII members mentor Prince's Trust youngsters
Eight Chartered Insurance Institute members have been recruited to work with The Prince's Trust char...
Annual results season
Today marks the beginning of the busiest period for stock market listed insurers in the UK, with all...
Adjusters set for merger
Loss adjuster Axis International is set to acquire rival Miller International in the next two months...
A window to the world
Lloyd's: 2007 outlook
Recruit moves
Re-sume
Ironshore gets 'A-' start-up rating from AM Best
AM Best has assigned a financial-strength rating of 'A-' to Bob Clements' latest Bermudian start-up ...
Fitch team gets in on ILS action
International ratings agency Fitch Ratings has formed an analytical team dedicated to ranking insura...
PXRE default on A&W cat bond may cost $53m
Troubled Bermudian catastrophe specialist PXRE has revealed it could be on the hook for up to $53.4m...
CME and Carvill launch rival to Nymex-Gallagher Re cat options
Derivatives giant the Chicago Mercantile Exchange (CME) has announced it is to launch CME-Carvill Hu...
Why hard cash beats hope any day
Inside view