Reinsurance
3Q reveals a deleveraged Montpelier Re
Bermudian reinsurer Montpelier Re has reported net income of $76m for the third quarter set against a loss of $730.3m for the same quarter in 2005. The figures came on the back of a 58.3% combined ratio
What the papers said this week
The Daily Telegraph Motoring costs are up but consumers can cut insurance bills by choosing a 'gr...
WTC is single occurrence
Swiss Re has welcomed a decision by the US Court of Appeal for the second circuit upholding the jury...
Equitas Sale - A done deal
News Analysis
Appointment at Carvill
Carvill has appointed Thomas Perkins as senior vice-president of its office in Atlanta. For the past...
Willis in major office u-turn
Broking giant Willis has made a u-turn by re-opening a client contact office in Leeds earlier this m...
South Africa calling but how far can it go?
Budget's planned expansion of its South African offshore call centre presents some interesting quest...
IPC in golden 3Q, sees more US price rises at 1/1
Bermudian catastrophe reinsurer IPC Holdings has reported net income for the third quarter of $115m compared to a net loss of $657m, for the third quarter of 2005.
Ace bounces back with 3Q gains
Ace has reported net income for the third quarter ended September 30, 2006 of $578m after payment of preferred dividends, compared with a net loss of $112m for the same quarter last year.
Flagstone Re in $175m New York IPO, European expansion
Class of 2005 Bermudian reinsurer, Flagstone Re has filed with the Securities and Exchange Commission for an initial public offering of shares to raise approximately $175m. Flagstone said it will apply to list the shares on the New York Stock Exchange…
Western Re launches new US terrorism product
US specialty managing agency Western Re/Managers Insurance Services has launched a new terrorism facility.
Partner Re records massive 3Q profit on 81.4% combined ratio
Bermudian reinsurer Partner Re has reported net income of $235.8m for the third quarter of 2006. Operating earnings for the third quarter of 2006 were $205.1m set against an operating loss of $345.2m for the same quarter of 2005.
Everest Re reports record third quarter results
Everest Re Group has reported third quarter 2006 after-tax operating income, which excludes realized capital gains and losses, of $240.2m, as compared to an after-tax operating loss of $438.9m, in the third quarter of 2005.
FIGA pays out for three insolvent companies
The Florida Insurance Guaranty Association has paid $445m in gross claims for the three insolvent Poe Financial Group companies.
Lloyd's outlook jumps following Equitas sale
Lloyd’s outlook has shot up to ‘positive’ following Equitas group’s sale to National Indemnity
Stunning Berkshire Hathaway Equitas buy-out to bring finality to names
Berkshire Hathaway announced today that it has reached an agreement in principle on a structure in which National Indemnity Company, a member of the Berkshire Hathaway group of insurance companies, will reinsure all Equitas' liabilities and provide up to…
Insurer disagrees with rating agency decision
Catlin Group has announced it surprise at A.M. Best decision to place its financial strength and issuer credit ratings under review with negative implications.
Fitch rates Converium following Berkshire Hathaway deal
Fitch Ratings has placed Converium's Insurer Financial Strength 'BBB-' (BBB minus) rating on Rating Watch Positive (RWP).
Swiss Re claims victory on WTC court case
Swiss Re has issued a statement in connection with the decision by the United States Court of Appeals for the Second Circuit upholding the jury verdict in favor of Swiss Re in the case of SR International Business Insurance Company Ltd. versus World…
Converium to sell
Reinsurer Converium is to sell its North American operations to Berkshire Hathaway subsidiary, Natio...
Benfield's shares slump
Key buy-and-sell-side analysts were quick to reclassify their assessments of broker Benfield, with a...
Flights of fancy
Aviation
Talking up a storm
Baden-Baden Preview
Appointment at BMS
Tony Provenzale and Traci Prochaska have joined BMS Vision Reinsurance Intermediaries. Mr Provenzale...