Reinsurance
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.
Munich Re posts stable third quarter
Global reinsurer Munich re has posted a combined ratio of 92% for its third-quarter reinsurance operations in 2006 on gross written premiums unchanged from the comparable in 2005 at €5.5bn.
‘Lucky’ Buffett posts bumper third quarter
The sparse North-Atlantic hurricane season has meant Berkshire Hathaway’s reinsurance businesses made a pure pre-tax underwriting profit of $912m in the third quarter of 2006.
Montpelier Re to lose board member
Bermudian (re)insurer Montpelier Re has announced that Steven Gilbert has advised the Company of his intention to resign as a member of the Board of Directors for personal reasons.
Aspen beefs up board
Bermudian (re)insurer Aspen has appointed three new directors to its board: Stuart Sinclair, President and Chief Operating Officer, John Cavoores, the former President and Chief Executive Officer of OneBeacon Insurance Company, and Glyn Jones, the former…
Looking back
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance ne...
PwC appoints head
Pricewaterhouse Coopers has appointed Ian Dilks as the global head of its insurance group. Mr Dilks ...
Benfield appoints two new directors
Benfield has appointed Robert Bredahl and Frank Wilkinson to its board of directors with immediate effect.
US D&O - Lulled into a false sense of security?
The current stability of the directors' and officers' liability (D&O) insurance market in the US may not last for long. Mairi Mallon draws out the perspectives of a number of industry representatives to paint the bigger picture
News - AIG buys US marine business from Arch
American International Group (AIG) has announced that one of its wholly owned subsidiaries has purch...
News - Swiss Re report says credit market now worth $6.9bn
Swiss Re has valued the credit and surety insurance market business at $6.9bn in premiums in its lat...
It's the same old soft-market story again
Rethink is where you tell us what is happenning in your industry - This month the rapidly softening market got you talking ..
Editorial - Welcome to Fac!
Dear Friend, Welcome back! It's uncanny. We knew we were well ahead of the curve when we launched F...
Don't 'bifurcate' - co-operate
Inside view
Catlin: benign storm season will accelerate soft market
Stephen Catlin, chief executive of Bermuda and London Market (re)insurer Catlin Group, has said that...
Resignations to hit profits at Benfield
Reinsurance broker Benfield has admitted recent senior departures from its facultative solutions tea...
News - People moves and promotions
The Cooper Gay Group has announced that James Summers has been appointed as chief executive officer ...
Recruitment moves
James Read has joined electronic trading service RI3K as sales and marketing manager, where he will ...
Property in perspective
Surveying the market for distressed property risks, Marc Jones takes in some of the less-usual areas of property facultative reinsurance out there, and discovers that the whole picture reveals quite a few lucrative areas of business for those who will…
Prize indemnity - Keep your eyes on the prize
Nestling in a small corner of the contingency market lies an exotic and imaginative arena where the only limits are those imposed by the imaginations of clients, brokers and underwriters. Mark Geoghegan took a tour around the wonderful world of prize…
Fac Back - Business in London?
We throw you the questions; you throw back your opinions of what is happening in your market
News focus - Results hit hard as Aon Re poaches Benfield fac boss
Aon Re Global has announced that Elliot Richardson will be head of its global cedent facultative rei...
News - Guy Carp specialty survey points to renewed appetite
Guy Carpenter's second annual survey of domestic US insurance companies that write substantial speci...