Reinsurance
Appointment at Benfield
Jeremy Goodman has joined Benfield as executive vice president. He will assume a leadership role in ...
RenRe posts record results, but 2007 prospects dwindle
Bermudian reinsurer RenaissanceRe reported record income and returns for 2006, but has tempered the good news with caution for growth prospects in 2007, citing a softening market and the impact of the Florida Government’s decision to increase its State…
AXIS results beat expectations
AXIS Capital has smashed expectations with its latest results, announcing profits of $281m in the final quarter of 2006.
Class action filed against Quanta over 2005 loss estimates
Quanta is the latest (re)insurer to face a shareholder class action relating to alleged losses arising from increases in 2005 loss reserves.
Benfield Fac appoints head of Australasia and SA
Reinsurance broker Benfield has announced the appointment of Michael Lazarus as head of its Facultative Solutions team for Australia, New Zealand and South Africa.
Swiss Re sells gherkin
Swiss Re has agreed to sell its London office building, 30 St Mary Axe [known also as the Gherkin] to an affiliate of the real-estate corporation IVG Immobilien AG for 600 million pounds. The transaction is expected to close in February 2007.
AXIS Capital annouces Kyrill losses
The winter storm Kyrill is believed to have cost Bermuda-based reinsurance company AXIS Capital $40-$55m, it announced today.
XL surprises with magnitude of Kyrill loss
Bermudian (re)insurer XL has surprised analysts by unveiling loss estimates from windstorm Kyrill of $60m to $75m.
20-year hurricane threat
The threat of hurricanes in the Atlantic region will remain high for decades, a report by a leading ...
Goodman to join Benfield
Benfield has announced the appointment of Jeremy Goodman, who recently left rival Cooper Gay, to hea...
News - Markel president lambasts Lloyd's aviation strategy
Markel president Tony Markel has launched a scathing attack on Lloyd's recent willingness to accept ...
Swiss Re calls for claims index as Kyrill costs forecast at $5-10bn
Swiss Re is advocating the establishment of a market-loss index for natural-catastrophe risks to aid...
News - Ironshore starts underwriting after $1bn fundraising
Bermuda reinsurance start-up Ironshore has raised more than $1bn through a private placement of its ...
News - Marsh establishes $1bn sidecar
Marsh has broken its post-Spitzer duck by once again making a substantial investment in the underwri...
RAA calls for single US reinsurance regulator
The Reinsurance Association of America (RAA) has called for the US to have a single reinsurance regu...
News - Talbot poaches teams, announces 6% capacity rise
Lloyd's underwriter Talbot is increasing the capacity of its Syndicate 1183 to £325m for the 2007 ye...
Atrium launches space consortium at Lloyd's
Atrium is broadening its space coverage as part of a realignment of its underwriting activities in 2...
Hannover Re raises $106m to support risk securitisation
Hannover Re has raised a further $106m from investors to support its 'K5' risk securitisation as unv...
Amusement parks - Profitable amusement
Jeremy Golden reports on insuring the fast-growing and highly specialised theme and amusement parks business
Start-ups to join IPO bandwagon
An additional three Class of 2005 start-ups have joined the rush to raise capital by floating in New...
Editorial - Keep your friends close, your best broker closer
Dear Friend, The great thing about fac brokers is that they know what is going on from day to day -...
Former director and CEO resumes lead of White Mountains
White Mountains has reshuffled its senior management, with Ray Barrette simultaneously succeeding Ja...
Film - Film insurance: the agony and the ecstasy
Mairi Mallon looks at the status of the most glamorous sector of the insurance industry, the film insurance market - where rates are currently reported as "exceptionally good"
Harbor Point launches $250m retro vehicle
Class of 2005 Bermudian start-up Harbor Point has formed New Point Re, a retro sidecar company capit...