Reinsurance
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.
Integro builds executive team
New broker start-up Integro has announced five executive appointments. Industry veterans Frank Gundersen and Marc Kunney have been named to head the company's New York and San Francisco offices, respectively.
Benfield downbeat on 2005 revenues
Broker Benfield this morning reiterated it is prepared to incur short-term impact on profit and margin to improve growth prospects and is confident that carefully targeted expansion will significantly enhance the medium term outlook for the group.
Alea to exit loss-making lines
Risk Report
Insurers may face increased costs
Insurers may face increased costs for reinsurance if they become liable for brokerage fees, followin...
Penny Black's insurance week
Penny understands that 'Pup Idol', the competition to find a replacement for Benson, the much-loved ...
Appointment at Carvill
Reinsurance broker Carvill has opened a new office in New York City and has appointed Patrick Gonnel...
Appointment at Aspen Insurance Holdings
Reinsurer Aspen has appointed David Kelso to the board of directors in a non-executive capacity. He ...