Reinsurance
Reinsurance Readers Awards 2006
Following the success of the inaugural reinsurance readers' awards in 2005, we have once again asked you who and what made the biggest impact on our industry in 2006. As usual, you gave us a few surprises! Mairi Mallon provides all the gory details
Max Re CEO quits as old finite wounds reopened
Bermudian reinsurer Max Re's founder, chief executive and chairman Bob Cooney has resigned as the co...
Appointment at W Burch and Son
W Burch and Son has appointed Hugh Reid as commercial account executive. Mr Reid has 30 years' exper...
Financial Institution rates falling says Willis
Insurance premiums for the UK’s financial institutions are continuing to fall, according to the Willis Index tracking this coverage area for the third quarter of 2006.
CII boost for local institutes
The Chartered Insurance Institute aims to increase the support provided to its local institutes, wit...
Bollington buys again
The Bollington Group has strengthened its presence in Wigan with the acquisition of broker MG Smithi...
London underwriter in float talks with brokers
Specialist property underwriting agency TSM is considering a possible flotation on the Alternative I...
Marsh hires claims expert
Broking giant Marsh has expanded its forensic accounting and claims services team with the appointme...
Broker faces two-month wait after tribunal
Broker Hannover Park will have to wait until February to discover the level of compensation awarded ...
Appointment at Aspen Insurance
Aspen Insurance has appointed three directors to its board: Stuart Sinclair, president and chief ope...
First paperless settlement
Reinsurance broker Guy Carpenter and Lloyd's insurer Amlin last week claimed they had completed the ...
RMS stands by +40% hurricane damage forecast despite benign 2006
Risk Management Solutions has reaffirmed its medium-term five-year view of landfalling hurricane risk for the period of 2007-2011. The company is projecting higher modeled annualized insurance losses by 40% on average across the Gulf Coast, Florida, and…
Marsh expands its FACS team
Broking giant Marsh has expanded its Forensic Accounting and Claims Services team with the appointment of Luc Agostini.
Guy Carp and Amlin claim electronic claim first for London
Reinsurance broker Guy Carpenter and Lloyd’s (re)insurer Amlin say they have completed the London market’s first fully paperless claim settlement.
Appointment at Benfield
Benfield has appointed Robert Bredahl and Frank Wilkinson as executive director and non-executive di...
Appointment at Pricewaterhouse Coopers
Pricewaterhouse Coopers has made Ian Dilks global head of its insurance group. Based in London, Mr D...
Guy carp hires surety specialist
Guy Carpenter has announced the appointment of Ken Farricker as Senior Vice President in its Global Surety Specialty Practice.
Guy Carp claims Cat CDO first for Catlin
Reinsurance broker Guy Carpenter and fellow group company MMC Securities have placed a $200m collateralised debt obligation of natural catastrophe risk on behalf of Bermudian (re)insurance group Catlin.
Guy Carp claims Cat CDO first for Catlin
Reinsurance broker Guy Carpenter and fellow group company MMC Securities have placed a $200m collateralised debt obligation of natural catastrophe risk on behalf of Bermudian (re)insurance group Catlin.
CII regional move applauded
The Chartered Insurance Institute aims to increase the support provided to its local institutes with the appointment of the first area marketing manager.
PXRE expense ratio tops 200% in 3Q
Troubled Bermudian reinsurer PXRE has announced results for the third quarter showing net income of $4.5m before convertible preference share dividends, favorable loss development and an increased book value, despite reporting an expense ratio of over…
Government to consider flood grants for homeowners
David Miliband, Secretary of State for Environment, Food and Rural Affairs, has revealed that govern...
Axis CEO sells shares
Axis Capital Holdings has said its president and chief executive, John Charman, intends to sell shar...
Axis ceo to sell shares to finance divorce
Axis Capital Holdings has said its president and chief executive John Charman intends to sell shares in the Bermuda-based insurer from time to time, in order to fund his $91m divorce.