Reinsurance
New chief executive for Atrium
Atrium Underwriting plc has announced today that Nick Marsh is moving into a new role as director of corporate underwriting. He will also be director of underwriting review for the wholly owned managing agency subsidiary, Atrium Underwriters Limited.
“Precautionary” IPCRe notice to put AWAC in control of volatile Cat business
Bermudian (re)insurer Allied World Assurance Company (AWAC) has clarified its position to Reinsurance Magazine following the announcement from IPC Holdings that AWAC had put IPC on notice to cancel the underwriting agency agreement between the two…
Aspen completes $389m fundraising
Bermudian (re)insurer Aspen Insurance Holdings has announced that it has completed the sale of 8.3m ordinary shares at a price to the public of $24 per share, to raise approximately $195m and of 4m Perpetual Preferred Income Equity Replacement Securities…
Cook to quit as CFO of Axis Capital
AXIS Capital Holdings announced that its chief financial officer, Andrew Cook, will step down, effective April 1, 2006, for personal reasons. The company has commenced an executive search for his replacement.
Lancashire starts trading on AIM after $1bn capital raising
Lancashire Holdings, the reinsurer launched by former Ascot underwriter Richard Brindle has raised approximately US$1bn in new capital.
Lancashire set for London IPO and 1/1 start-up
Lancashire holdings, the class of 2005 Bermudian (re)insurer set up by former Lloyd’s underwriter Richard Brindle is set to float on the AIM market in London next week.
Chaucer signs agreement with PXRE Reinsurance Company
Lloyd's insurer Chaucer has signed an agreement with PXRE Reinsurance Company to acquire its wholly ...
What the papers said this week
The Daily Telegraph - A man has been sentenced to two weeks in jail for trying to sue a council wit...
Kiln revises its estimates for pre-tax cost of hurricanes
Lloyd's insurer Kiln has revised its estimates for the pre-tax cost of Hurricanes Katrina, Wilma and...
Lloyd's unlikely to suffer wholesale downgrade
Lloyd's is unlikely to suffer a wholesale downgrade of the market following its announcement of incr...
Lloyd's and london market review - Never seen anything like it
The past year has been one of unprecedented events in the insurance industry. Ralph Savage reports on how Lloyd's and the London market rode the rollercoaster ride of 2005
View from the Top - Globalisation is key to risk management
The perception of risk has changed. Does anyone really believe that Hurricane Katrina was the big on...
Integro could double
Start-up broker Integro could double its UK arm size within a year, depending on market opportunitie...
Hurricane loss damage - Brit unveils extent of hurricane losses
Brit Insurance Holdings has announced that claims arising from Hurricane Wilma, net of reinsurance r...
Converium restates profits
Converium has announced that it is to restate its profits as it carries out an extensive internal re...
Montpelier Re reveals massive hurricane losses
Montpelier Re Holdings has reported a net loss of $875.1m for the three months to 30 September 2005,...
TRIA bill - US Senate passes TRIA extension bill
The US Senate has passed a bill to continue a programme of federal guarantees to cover losses from t...
Why models are not the whole story
Inside view
The only awards where YOU decide who wins
Reinsurance Readers Awards 05
New reinsurers - Bermuda reinsurer deluge continues
Bermuda hedge fund management company West End Capital is about to launch a new reinsurer, Flagstone...
Ratings review - Rating agencies downgrade RenRe
Moody's Investors Service has lowered the senior debt rating on RenaissanceRe Holdings to Baa1 from ...
Moody's report weighs impact of Hurricane Wilma
Moody's has published a new report concluding that the add-on losses of Hurricane Wilma - one of the...
Start-ups beware: does GE know something you don't?
Mark Geoghegan thinks that Swiss Re's purchase of GE Insurance Solutions (GEIS) shows that a soft market could reassert itself much faster than anyone currently imagines
Hurricane Katrina
Annual review 2005