Reinsurance
Max Re investigation leads to restated 2001-2005 results
Max Re Capital has announced that its Audit and Risk Management Committee has concluded its previously announced internal investigation, and that it has had to restate its financial results for 2001 to 2005.
Amlin AGM statement on current trading
Amlin Group's gross written premium in the four months ended 30 April 2006 was £647 million, up 25% over the same period in 2005.
Alex Forbes beats Marsh in Community Shield
Alexander Forbes beat rival broker Marsh 5-1 to win the Lloyd's Community Football Shield in a match...
Bermudian start-up Lancashire reports favourable conditions
Bermudian start-up Lancashire has reported favourable underwriting conditions across most of its cho...
Belief that 'might is right' may lead brokers to merge
Talk of consolidation at the larger end of the broking sector has been rife in 2006, with the market...
Lancashire gains $350m letter of credit
Bermudian start-up (re)insurer Lancashire Holdings has announced that it and its wholly owned subsidiary Lancashire Insurance Company Limited have entered into a $350m three-year letter of credit facility.
Max re confirms Nasdaq de-listing notice
Bermudian reinsurer Max re has confirmed that last week it received notice from Nasdaq that its securities are subject to delisting from the Nasdaq National Market.
Axis appoints global insurance president
Bermudian (re)insurer Axis Capital has promoted Richard Housley, currently European division president of AXIS Insurance, to president of Axis global insurance.
Forbes thrashes Marsh in Lloyd's football shield
Alexander Forbes has comprehensively beat rival broker Marsh 5-1 to win the Lloyd’s Community football Shield, in a match at the Valley, Charlton Athletic FC.
Appointment at Integro
Vincent Caracciolo, previously senior vice-president for Liberty International Underwriters' special...
Heath boss memo tells staff of merger pressure
The boss of Heath Lambert has offered guidance to employees on how to handle the speculation that it...
Appointment at Benfield Corporate Risk
Benfield Corporate Risk has expanded its marine team with the appointment of Keith Jones. Mr Jones h...
Hannover Re expresses 'considerable satisfaction'
Hannover Re has expressed "considerable satisfaction" with its start to the new financial year. Acco...
Arch to raise another $125m
Bermudian (re)insurer Arch is to raise $125m via an underwritten public offering of preferred stock.
Lancashire happy despite missing plan income target
Class of 2005 Bermudian start-up, Lancashire, has reported favourable underwriting conditions in across most of its chosen specialist short-tail business segments, although it said will undershoot on the income projections it produced at the time of its…
Fitch still negative on troubled PXRE
Fitch Ratings has said that its existing ratings of Bermudian reinsurer PXRE will remain on rating watch negative following several recent announcements by the reinsurer.
Validus goes for 75% Q/S with new Petrel Re sidecar
Class of 2005 start-up, Validus Re has announced that it has done a two-year sidecar collateralised quota share retrocession deal with Petrel Re, a new Bermuda reinsurance company set up by the First Reserve Corporation private equity group.
Hannover Re happy with Q1 performance
Hannover Re has expressed what it described as ‘considerable satisfaction’ with its start to the new financial year. "With our quarterly result we have taken a first major step towards achieving our defined profit target for 2006", chief executive…
CastlePoint Re wins A- start-up rating
AM Best has assigned a financial strength rating (FSR) of A- (Excellent) and an issuer credit rating of “a-” to Bermudian start-up reinsurer CastlePoint Re. The outlook for both ratings is stable.
Senior Lloyd's figure launches new venture
A $100m (£53.7m) reinsurance venture, Tiger Re, is set to launch with the backing of former Council ...
PXRE outlook bleak as 65% of business lost
Reporting 1st-quarter results, Jeffrey Radke, president & CEO of troubled Bermudian reinsurer PXRE was unable to report any progress on the company’s search for strategic alternatives after February's dramatic increase in reserves for Katrina, Rita and…
Ace enters US Life reinsurance fray with Hartford deal
Ace has Group of Insurance and Reinsurance Companies announced today its expansion into the US life reinsurance market with the acquisition of Hart Life Insurance Company from the Hartford Financial Services Group.