Reinsurance
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...
Mahoney deal raises prospect of relocation
Aon UK chairman and chief executive Dennis Mahoney was last week handed a deal that is likely to res...
Heritage outlines float plan
Lloyd's insurer Heritage will use the capital raised from its flotation to boost income from its non...
Appointment at LCL Group
LCL Group has made Simon Daniel, formerly underwriting director and senior underwriter at QBE Re, ma...
Cashman leaves Cooper Gay & Cashman
Michael Cashman, the chief executive of Cooper Gay & Cashman, is leaving the company.
Fitch affirms Everest Re ratings
Fitch Ratings has affirmed all ratings related to Everest Re Group, including the 'A+' Issuer Default Rating (IDR) and 'A' senior debt rating of intermediate holding company, Everest Reinsurance Holdings, (Everest Holdings), the 'A-' trust preferred…
Guy Carp hails resilient Lloyd’s market
Guy Carpenter has praised the strength, stability and adaptability of Lloyd’s in its fourth annual report on the (re)insurance market.
Best affirms Africa Re
AM Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of "a-" of African Reinsurance Corporation (Nigeria). The outlook for both ratings has been revised to stable from negative.
The Major Loss Award - Brit Insurance - Hurricane Katrina
The British Insurance Awards 2006
The Risk Management Award - Tropical Storm Risk - The perfect storm
The British Insurance Awards 2006
Berkley hires former XL US president for R/I opps
W. R. Berkley has announced the appointment of C. Fred Madsen as senior vice president - reinsurance operations.
Best affirms Axis, waits for Charman successor plan
AM Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of "A" of Bermudian (re)insurer Axis Specialty Limited (Axis) and its operating affiliates. Concurrently, the agency has affirmed the ICR of …
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 providing "little true weight" and predictable "rhetoric". Matthew Washington, aggregate manager at Ascot Underwriting, said of the Lloyd’s 360 Debate on…
Wellington credit rating downgraded
AM Best has downgraded the issuer credit rating of Lloyd's (re)insurer Wellington Underwriting (WU) to “bbb” from “a-”.
Tower Group enters novation agreements with PXRE
Tower Group has announced that it has concluded, through commutation agreements, PXRE Reinsurance Company's participation under various reinsurance agreements with Tower Insurance Company of New York covering the 2001, 2002 and a portion of the 2003…
Before you get into a sidecar, make sure you know who's driving
Mark Geoghegan looks at the extraordinary level of commitment and trust required to hand underwriting authority over to a third party
Swiss Re/GEIS merger will work
Re-think
Summer fun - only joking!
Dear Friend, Welcome to the first-ever July issue of Reinsurance! Normally as the major announceme...
New natural-catastrophe programme for Swiss Re
Swiss Re has announced the placement of a natural-catastrophe protection programme called Successor,...