Reinsurance
Lancashire reports £22m profit
Startup reinsurer Lancashire has reported operating income of $42.7m (£22m) for the first half of 2006.
Swiss Re posts first half profit
Swiss Re has reported successful first half 2006 results with net income of CHF 1.6bn, up 16% compared to a strong first half of 2005. Annualised return on equity was 13.9% and shareholders’ equity increased 18% to CHF 27.1bn.
Charman pays out £48m in divorce case
John Charman has been ordered by the High Court to pay his former wife a total of £48m, in what is believed to be the biggest divorce award in legal history.
Munich Re chalks up first half 2006 profit
Munich Re has announced that its profit for the first six months amounted to €2.1bn (1st half-year 2005: €876m), with the operating result rising by 48.6% to €3.3bn (2.2bn).
Endurance Specialty buys up cat cover from Shackleton Re
Endurance Specialty Holdings has announced that its subsidiary, Endurance Specialty Insurance, had acquired $235m of multi-year, collateralized catastrophe reinsurance from Shackleton Re. This new reinsurance is designed to enhance Endurance's ability to…
RenRe to settle with SEC
RenaissanceRe Holdings has reported $154.8m in second quarter 2006 operating income compared to $170.4m in the second quarter of 2005, and has announced that it is negotiating a deal with the SEC over a forthcoming lawsuit.
The top five bananas
Top Five Reinsurers
Why aren't more tempted to follow Kiln's lead?
When Lloyd's (re)insurer Kiln unveiled plans for a 25% increase in capacity for the 2007 year, it was bucking the trend set by its London peers. Armed with more detailed reasoning behind the decision, Mark Geoghegan reports
How much art is in ART?
Marc Jones takes a look at the growing alternative risk transfer (ART) market to see how attractive it is becoming
Financial year 2005: a sudden, sharp pain out of a clear blue sky
Top 50 Reinsurers
Three wise executives
Top 50 Roundtable
Tower Group ends PXRE contracts
Tower Group has announced that it has concluded, through commutation agreements, PXRE's participatio...
Best affirms Axis, waits for Charman successor plan
AM Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit rati...
Diary
Re-sume
Lloyd's climate-change debate falls short, says Ascot
A leading Lloyd's underwriter has criticised the market's opening debate on climate change for provi...
Cashman leaves Cooper Gay
Michael Cashman, the chief executive of Cooper Gay & Cashman, is leaving the company. Cooper Gay & ...
A bad wind rising?
Despite the above-average storm season forecasts, Ed Noonan, chief executive of Validus Re, remains optimistic about the opportunities for start-ups. But will a bad wind blow them down? Mairi Mallon relays his views
Guy Carp praises Lloyd's resilience
Guy Carpenter has praised the strength, stability, resilience and adaptability of Lloyd's in its fou...
Guy Carp relaunches political risk practice after Benfield raid
Guy Carpenter has made a number of appointments in a restructuring of its London-based political risk and trade credit practice.
Montpelier Re publishes Q2 figures
Montpelier Re Holdings has reported comprehensive income for the quarter ended June 30, 2006 of $63.2m, compared with $110.6m for the same quarter last year.
XL Capital posts Q2 profit
XL Capital has reported net income available to ordinary shareholders for the quarter ended June 30, 2006 of $377.1m, compared with net income of $135.9m, for the quarter ended June 30, 2005. Net income excluding net realized gains and losses for the…
Aeolus blows into Bermuda
A new reinsurance company is springing up on Bermuda, with the launch of Aeolus Re.
Judgement of John Charman's high-profile divorce case
The judgement of London market tycoon John Charman's high-profile divorce case is due to be handed d...