Reinsurance
Max Re Q1 2006 results depend on investigation
Max Re Capital has tentatively announced its results for the first quarter of 2006, stressing that the final results depend on the outcome of an ongoing investigation by the audit and risk management committee of its board of directors.
Omega joins class of 2005 on A- rating
AM Best has assigned a financial strength rating of A- (excellent) and an issuer credit rating (ICR)...
London: work in progress
London Market briefing
Improved hurricane-strength index published
Carvill's ReAdvisory group, a reinsurance intermediary, has published a paper detailing a new index ...
Stick to your knitting
Mairi Mallon meets president and chief executive David Brown and chairman Mark Byrne of Bermuda start-up Flagstone Re, and finds out what drives them to dare to be different
PXRE ratings lowered then withdrawn
Standard & Poor's (S&P) has lowered its counterparty credit ratings on PXRE Group and PXRE Corporati...
Interview - Pure facultative brokers finally evolve
Back in the old days, facultative reinsurance brokers were somewhat looked down upon by their treaty...
AIG plans sale of 24% stake in IPC
Bermudian reinsurer IPC has announced that AIG has given notice of its intention to sell up to 15.39...
Editorial - Welcome to Fac!
Welcome to the first issue of Fac Magazine - the magazine for those who offer tailored solutions for...
Three common problems of business interruption (and how to avoid them)
Business Interruption
Benfield and Merrill Lynch cat bond link
Benfield has formed a relationship with Merrill Lynch to offer insurers and reinsurers catastrophe (...
Ahoy, trouble ah ead!
Marine
New online fac cat system launch
Benfield has announced the launch of eCatFac, an electronic placing platform that facilitates the pl...
News focus - Praetorian casts doubts on US specialty future
Global reinsurer Hannover Re has announced that all its US specialty business is to be transferred f...
Montpelier Re posts Q1 2006 results
Montpelier Re has reported comprehensive income for the first quarter ended March 31, 2006 of $48.5m compared with $36m, for the same quarter of 2005.
Aspen cuts exposure in wake of 2005 storms
Aspen Insurance Holdings has been working hard to reduce its catastrophe exposures in the wake of the losses that were inflicted by the 2005 Atlantic hurricane season.
Penny Black's insurance week
While lunching with her chums at Misys General Insurance, Penny was surprised to see two sides to th...
Broker angered by direct NCB "ruse"
A broker has slammed direct insurers selling motor policies with term limits of less than a year tha...
A close call
Post Power List
Increased investment returns mask premium decline at XL
Unveiling record 1st quarter 2006 results, buoyed by a 50% increase in investment returns over the same quarter a year earlier, Bermudian (re)insurer XL reported a 17.8% decline in net reinsurance premium for the period, blaming ongoing risk management…
IPCRE pleased with “disciplined” class of 2005
In a first quarter results announcement Bermudian reinsurer IPC Re has welcomed the caution and discipline of the latest batch of entrants to the reinsurance market.
Brit positive after renewals and GWP up in first quarter
Brit Insurance this morning said gross premiums written to the end of March 2006 totalled 373.9m pounds compared with 366.1 pounds for the previous year. The announcement came ahead of its Annual General Meeting, to be held later today.
Benfield in Merrill Lynch cat bond link-up
Benfield has announced that it has formed a relationship with Merrill Lynch to offer insurers and reinsurers catastrophe (cat) bonds. the benefits of such non-correlated assets."