Reinsurance
AIR puts initial Katrina estimate at $12bn-$26bn
AIR Worldwide estimates that Hurricane Katrina could cost the insurance industry between $12 and $26 billion.The insured losses caused by Hurricane Katrina are likely to make it one of the two worst natural catastrophes in US history.
Avery appointed Cox chairman
Cox Insurance has appointed former Wellington Underwriting chief executive Julian Avery as its new Chairman.
Loss estimates of $10-25bn from Hurricane Katrina
Reports have claimed that over 50 people have been declared dead after violent tropical storm hit the Gulf Coast of the US. In response, Risk Management Solutions has given a preliminary estimate of $10 to $25 billion in total insured losses from…
GE reaffirms (re)insurance sell-off plan
General Electric (GE) is reportedly planning to sell off all of its remaining (re)insurance operations.
Hurricane Katrina swipes Florida
Hurricane Katrina has hit south-east Florida, killing at least three people and leaving hundreds of thousands of homes without electricity. Flooding has been predicted in many areas due to very heavy rain.
Swiss Re appoints Jacques Aigrain as Chief Executive Officer
Swiss Re’s Board of Directors has appointed Jacques Aigrain, Chief Executive Officer, effective 1 January 2006. Jacques Aigrain, currently Deputy CEO of Swiss Re, succeeds John Coomber, who will retire as of 31 December 2005. Swiss Re’s Board of…
Appointment at Cooper Gay and Cashman
Cooper Gay and Cashman (Minneapolis) and Cooper Gay Group (London), have appointed Brian Engel to th...
Wellington Underwriting anticipates profits
Wellington Underwriting has anticipated £66m profits from the first half of 2005, of which pre-tax p...
AM Best affirms Gerling companies ratings
AM Best has affirmed the financial strength rating of A- (Excellent) of Gerling-Konzern Allgemeine Versicherungs-Aktiengesellschaft and its US subsidiary, Gerling America Insurance Company (GAIC).
Hannover Re posts operating profit
Hannover Re posted an operating profit of EUR347.8m (£236.9m) for the first half of 2005, down sligh...
Penny Black's insurance week
One still cannot get used to the phenomenon of mobile phone ringtones and is more than slightly bemu...
Fomer Benfield chief Spiller appointed president at Guy Carp
Guy Carpenter has appointed David Spiller as its new President, effective January 1, 2006.
Hannover Re records first half 2005 profit
Hannover Re posted an operating profit of €347.8m for the first half of 2005, down slightly on the €375m that it made over the same period of 2004.
Vukelic dismissed
Berkshire Hathaway has confirmed that Milan Vukelic, the chief executive of the Faraday arm of the c...
Munich Re results hit by American Re drain
Munich Re’s results for the first half of 2005 have been hit by the continuing need to strengthen the reserves of its subsidiary, American Re.
Omega halts Hardy talks
Lloyd's insurer Omega Underwriting confirmed on Monday that it had terminated talks with its takeove...
Commentary - Celebrity photos reconsidered
The Court of Appeal has recently considered the cause of action it described as "formerly known as b...
Omega terminates talks
Lloyd’insurer Omega Underwriting has confirmed that it has terminated talks with takeover target Hardy Underwriting.
US coalition calls for insurance industry reform
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First Chinese customer for AIR quake model
AIR Worldwide Corporation (AIR) has announced that PICC Property and Casualty Company (PICC P&C) has...