Reinsurance
Equity promotes itself to mortgage market
Equity Insurance Group and Cardif Pinnacle and have launched a general insurance quotation system which will enable the insurer to reach the mortgage market. The web based system means mortgage salespeople don’t have to re-key data for different products…
PXRE hurricane losses prompt law suits
A class action has been filed against PXRE alleging that the company misrepresented its losses from the 2005 hurricane season.
Bluesure canned after second coming fails
Personal lines specialist Bluesure has been shut down, less than three years after its first resurre...
Arch affirmed by AM Best
AM Best has affirmed the financial strength rating of A- (Excellent) for Bermudian (re)insurer Arch with a stable outlook.
CCR posts solid 2005 results
French State reinsurer CCR's gross premium income was €1,297.9m in 2005 versus €1,307.7m in 2004. Net profit for the year rose by 22% to €125m (€102m in 2004).
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PXRE ratings lowered then withdrawn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...