Reinsurance
A very careful balance
Mark Geoghegan interviews Sally Bramall, managing director of Global Market Security for Willis, to glean her perspective of the financial health of the industry today. He soon discovers that a delicate balance is required when assessing company security
Three cheers for mobile capital!
Inside view
What's on the agenda in Monte Carlo?
Re Think
US P&C market sees Q1 improvement, claims Swiss Re
The US property & casualty insurance industry’s underwriting performance in 1Q 06 improved over 1Q 05 while reported investment results were down, according to a new report by Swiss Re.
Omega Underwriting announces reduction
Lloyd's insurer Omega Underwriting has announced a reduction in its forecast result for Syndicate 95...
UK flood system should remain
The UK remains the only major developed country where flood insurance is offered as standard by the ...
Rossi back with headhunting remit
Marie-Louise Rossi is aiming to re-establish herself as a major player in the insurance industry at ...
Benfield opens office in Taiwan
Reinsurance broker Benfield has announced the opening of a branch office in Taipei, Taiwan under the name Benfield Taiwan.
Fitch still negative on PXRE
Fitch Ratings has maintained its negative outlook on troubled Bermudian property-catastrophe reinsurer, PXRE.
Folksamerica affirmed after sidecar probe
AM Best has affirmed its ratings of White Mountains US reinsurance subsidiary, Folksamerica Re after investigating the robustness of its Bermuda sidecar reinsurers, Olympus and Helicon.
Appointment at Benfield
Benfield has appointed Phil Bonner and Andrew Phelan to strengthen its capabilities in the credit, s...
Magazine/Brit winners
The winners of the Post Magazine/Brit Insurance cricket competition for tickets for this weekend's t...
Scottish Re moots outright sale as possible solution to liquidity problems
Troubled life reinsurer Scottish Re has highlighted the possibility of outright sale of the company, among other refinancing alternatives as a solution to a short-term liquidity position the firm described as “very tight”.
AM Best may give sidecars ratings ‘haircut’
AM Best has said that in the future it will look much more closely at the true financial benefit to reinsurers of ‘sidecar’ reinsurance arrangements
Glacier Re wins rating affirmation with $30m injection
Swiss-based reinsurer Glacier Re has announced it has secured $30m in new capital from its existing shareholders, prompting an affirmation of it’s A- rating by AM Best.
Gallagher Re poaches Benfield brokers for SF office
Gallagher Re has announced the appointment of two former Benfield production brokers to head up a new San Franciso office that the firm has opened. .
Appointment at Premium Credit
Premium Credit has made Bonnita Apperley marketing manager. She has worked for Singer and Friedlande...
Biggest divorce award in legal history
John Charman has been ordered by the High Court to pay his former wife a total of £48m in what is be...
Reinsurer Lancashire's operating income
Start-up reinsurer Lancashire has reported operating income of $42.7m (£22m) for the first half of 2...
Guy Carp opens shop in Taiwan
Guy Carpenter has announced that it has opened a new office in Taipei, Taiwan,
AIG starts planned IPC stake sale
AIG and Bermudian property catastrophe reinsurer IPC holdings have announced that AIG is commencing an underwritten public offering to sell 13.397 million IPC common shares, with an option for 2 million more.
Axis writes 43% more reinsurance premiums in 2Q
Bermudian (re)insurer Axis Capital has reported gross premiums written in its reinsurance segment increased by 43.8%, or $111.5m to $365.8m, for the quarter ended June 30, 2006 compared to the same period of 2005.
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 business it had in force at 1st January 2006 and that its expense ratio now exceeds 100% due collapsing premium income and the additional cost of hiring…
"Weatherproof" Hannover Re exceeds H1 targets
Global reinsurer Hannover re posted strong 1st half results, growing gross premiums by 12.8% and producing a return on equity of 19.9% after tax despite reducing exposure in peak zones.