Reinsurance
US Treasury issues TRIA comments
The US Treasury has released a new report on the Terrorism Risk Insurance Act (TRIA) that does not support its extension beyond the December 31 2005 deadline without significant amendments.
AM Best affirms Mapfre Re ratings
AM Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of "a" of the US-based Mapfre Reinsurance Corporation (Mapfre Reinsurance). Both ratings have a stable outlook.
Winners and Losers: Post Magazine's monthly round-up of job cuts and gains
WINNERS Heath Lambert admits its position prior to closing its pension fund was so precarious that ...
Thatcham gets cash injection
Thatcham's apprentice training programme has been awarded interim Centre of Vocational Excellence st...
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Munich Re releases risk model details
Munich Re has publishes detailed information on its internal risk model, showing that the Group's available financial resources rose by €1.9bn to €22.6bn in the business year 2004.
Connecticut AG confirms finite risk subpoenas
Connecticut’s State Attorney General Richard Blumenthal has said he has issued subpoenas to 18 companies in recent months in a widening investigation into whether a type of insurance was used to manipulate earnings.
Superjumbo bumps up Lloyd's
London Market News
Hardy awaits price hike
London Market News
Lloyd's gets cosy on consolidation
The consolidation of Lloyd's' quoted companies, known as Integrated Lloyd's Vehicles, has long been ...
Benfield report shows mixed signals from Europe
As reinsurance rates begin to ebb, those European companies unencumbered by recent problems started to outpace their peers in the first quarter of 2005, according to the latest European Reinsurance Quarterly report from Benfield.
Lloyd's insurer in failed bid changes adviser
The board of Omega Underwriting has announced the appointment of Cenkos Securities as its sole nominated adviser and sole broker with immediate effect.
Hardy rejects two approaches, but remains in talks with potential suitor
Lloyd’s insurer Hardy this morning confirmed it had rejected a approach by Omega Underwriting.In a statement it added: “Further to the recent press speculation, the board of directors of Hardy confirms that it did receive an approach from Omega…
Appointment at Liberty Syndicates
Liberty Syndicates has appointed James Slaughter as deputy underwriter for special reinsurance proje...
Aon start-up launches hunt for key personnel
Aon's newest business unit, Aon Global Large Corporate, is looking for financial analysts and employ...
Integro makes five executive appointments
New broker start-up Integro has made five executive appointments. Industry veterans Frank Gundersen ...
Benfield recruits staff worldwide
Reinsurance broker Benfield is recruiting 140 staff worldwide to add to its 1700-strong workforce, d...
Hannover Re AGM approves resolutions
Hannover Re's Annual General Meeting has approved all proposed resolutions by a substantial majority.
MMC ends strategic review
Michael Cherkasky, president and chief executive of Marsh & McLennan (MMC) has announced that the company has completed the strategic review initiated in March of its principal businesses.
QBE rating upgraded
AM Best has upgraded the financial strength rating of QBE International Insurance to A (Excellent) from A- (Excellent) and the issuer credit rating to a+ from a-.
AM Best upgrades QBE
AM Best has upgraded the financial strength rating of QBE International Insurance (QBEII) to A (excellent) from A- (excellent) and its issuer credit rating to “a+” from “a-”. The outlook for both ratings is stable.