Reinsurance
Fitch sees return of soft market cycle in 2007
Rating agency Fitch says it believes that over the next 12–24 months underwriting, operating and capital trends will generally support reinsurers’ current ratings, but that the biggest challenge facing the reinsurance sector over the period will be cycle…
Spitzer drops parts of charges against Greenberg
New York attorney general, Eliot Spitzer, has dropped several civil charges against former AIG boss Maurice R. Greenberg from a lawsuit accusing Mr Greenberg of using accounting tricks to hide problems at the company, according to reports.
Moody’s holds stable outlook for Reinsurance market
In its Global Reinsurance Industry Outlook – 2006 , Moody’s has maintained its stable view of the sector in 2006.
Benfield enjoys growth in first half
Benfield Group has announced group operating revenue in the first half of 2006 was up to £252.1m (H1 2005: £196.2m), an increase of 28.5%. The broking group's trading result was £107.9m (H1 2005: £82.0m), an increase of 31.6% - at constant rates of…
A mind to mingle
With much to promote, Marie Louise Rossi, former International Underwriting Association chief executive, speaks to Ed Vinales about getting down to business at this weekend's Monte Carlo Rendezvous
Stable ratings outlook maintained
Fitch, Moody's and Standard and Poor's have maintained their stable ratings outlook on the global re...
Crème de la crème
Monte Carlo preview
Aviation market expects £200m hit
The most expensive plane crash since 2001 is expected to cost the insurance industry at least £200m ...
Monte Carlo eyes elsewhere for Rendezvous
This weekend the annual Monte Carlo Rendezvous kicks off and the weather forecast for those packing ...
Flagstone raises $136m in debt sale
Bermudian start-up reinsurer, Flagstone Re has raised $136m through a private sale of junior subordinated deferrable interest debentures.
Brit US Cat exposure plummets, sidecar plan on hold
Lloyd’s and UK company (re)insurer Brit has disclosed that its exit of catastrophe retro business is almost complete, along with significant reductions in its Property reinsurance, US Direct property and offshore energy aggregates.
US P&C market shows marked improvement, claims Swiss Re
The US property and casualty (P&C) insurance industry's underwriting performance in its first quarte...
AM Best plan to give sidecar ratings a 'haircut'
AM Best has said that in the future, it will be looking more closely at the true financial benefit t...
Imagination gone wild
In the US, reinsurance is increasingly being used as the scapegoat in the political blame game as homeowner premiums are hiked. Mairi Mallon talks to Bob Hartwig of the I.I.I. for answers
Recruitment moves
Re-sume
Glacier Re wins rating affirmation with $30m capital
Swiss-based reinsurer Glacier Re has announced it has secured $30m in new capital from its existing ...
Aeolus breezes in to Bermuda
A new reinsurance company is springing up on Bermuda with the launch of Aeolus Re. New parent compa...
Half a century of talk
Rendez-Vous at 50
Movers and shakers
Rendez-Vous timeline
PXRE loses 82% of 1/1 business; expenses mount, run-off looms
Troubled Bermudian property/catastrophe reinsurer PXRE has announced that it has lost 82% of the bus...
Risk appetite is coming back because the price is right
Some pretty impressive first-half results have left Mark Geoghegan wondering if the hard US catastrophe market can last for very much longer if no major losses occur in the second half of the year
'Weatherproof' Hannover Re exceeds H1 targets
Global reinsurer Hannover Re posted strong first-half results, growing gross premiums by 12.8% and p...
Folksamerica affirmed after sidecar probe
AM Best has affirmed its ratings of White Mountains' US reinsurance subsidiary, Folksamerica Re, aft...
What do you want for Christmas?
Dear Friend, Monte Carlo attendees on the buying side are a bit like little boys writing letters to...