Reinsurance
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
Lloyd's insurer Talbot silent on impending sale
Lloyd's insurer Talbot has hired investment bank Lexicon Partners to carry out a strategic review of...
How well do you speak the language of convergence?
Convergence quiz
Florida catastrophe-cover charge
An emergency rule forcing property insurers in Florida to freeze rates has been approved. The measu...
Risky business
ART
Reinsurance company profits for 2006 hit all-time high
As the charts indicate, low hurricane activity (unlike 2005, as shown in the picture of Katrina dama...
Sow the wind, reap the whirlwind
Dear Friend, I was going to say that the Florida Hurricane Catastrophe Fund news has dominated the ...
Consolidation is back as the market's gone soft
Mark Geoghegan smells soft-market defence-building in the SCOR-Converium swoop
Atlantic hurricane threat not over yet
The threat of hurricanes in the Atlantic region will remain high for decades, a report by a leading ...