Reinsurance
Why should Katrina be a market-turning event?
Mark Geoghegan thinks the unthinkable - that Katrina won't change rates in the way reinsurers are hoping
Plumeri calls for action on TRIA
Joe Plumeri, chairman and chief executive of Willis Group, has issued a rallying cry for the extensi...
Alea's downgrade won't stop you using them, and models can't be trusted
Rethink is where you tell us what is happening in your industry - and this week's results are a real eye-opener..
What you must know about hours clauses disputes
The damage is done, the clear-up in underway and the first disputes are emerging. Ned Beale of Kendal Freeman brings you the essential legal briefing
Hurricane Katrina ups claims-settlements pressure
Insurance companies are likely to come under political pressure to pay claims arising from Hurricane...
Global reinsurance sector stable, claims Fitch
Fitch Ratings' latest global report has maintained its 'stable' rating outlook on the global reinsur...
Zurich issues estimate for European flooding bill
Zurich Financial Services Group (Zurich) has announced that, based on preliminary estimates, it expe...
Don't look backwards to rate the future!
Inside View
Gen Re's Brandon served Wells notice
Berkshire Hathaway has announced that on 8 September 2005, Joseph Brandon, CEO of General Reinsuranc...
Hannover Re hit hard by Katrina
Hurricane Katrina is possibly set to become the most-expensive-ever natural disaster suffered by ins...
Integro sprints ahead
Mairi Mallon interviews Roger Egan, CEO of new broker on the block Integro, who reveals that the company has already secured its first large clients and is set to move into the London market with a new office opening this month
Why this year's meeting is going to be hard work
Baden-Baden preview
Modelling the Future
What risks are on the horizon for the modelling industry? Marc Jones takes a look
Endurance takes $85m Rita hit
Bermudian (re)insurer, Endurance Specialty Holdings has announced its initial estimates of losses, net of reinsurance, reinstatement premiums, and tax benefits related to Hurricane Rita to be approximately $85 million. Endurance estimates its gross…
PXRE to tap the markets for $475m
PXRE Group Ltd today announced it would be raising $475m in new capital by way of a $100m common stock offering and a $375m private sale of preference shares. <The NYSE-listed Bermudian reinsurer said it has agreed to sell 375,000 of its series D…
Katrina & Rita knock PXRE for $230m-$320m 3Q loss
Bermudian property catastrophe reinsurer PXRE has announced that its preliminary estimate of the net impact from Hurricane Rita is between $30 million and $40 million, after tax, reinsurance recoveries on its outwards reinsurance program and the impact…
Winners and Losers: Post Magazine's monthly round-up of job cuts and gains
Benfield formally launches its new primary broking operation, Benfield Corporate Risk, with 120 staf...
Standard and Poor's lowers its public-information assessment
Standard and Poor's has lowered its public-information Lloyd's Syndicate Assessment on Advent's synd...
US loss adjusters may need UK help
The UK loss adjusting industry could be called upon by its US counterpart for emergency help if anot...
Appointment at Heath Lambert
Heath Lambert has made Mark Hardinge chief executive of the group's financial and professional risks...
Appointment at Integro
Integro has hired Robert Dunn to head up its Montreal office. Mr Dunn has 30 years' experience in th...
Katrina wipes out Brit’s 1st half profits
Brit Insurance Holdings has announced a preliminary estimate of £145m for claims arising from Hurricanes Katrina, Rita and the New Orleans flood (NOF). The company said the figure comprises £125m for Katrina/NOF and £20m for Rita, net of reinsurance…
S&P blow for reinsurers
Standard & Poor's has revised its outlook on the global reinsurance industry to negative from stable. The negative outlook implies that downgrades are expected to outnumber upgrades in the remainder of 2005, although the agency predicted that the number…