Reinsurance
SVB forecasts steadying ship
SVB Syndicates has announced updated quarterly forecasts for its managed syndicates for the 2003 and 2004 Years of Account, together with the 2002 run-off Year of Account, as well as commenting on trading to date in 2005.
New Benfield report on Bermuda
Despite last year’s record storms, Bermuda’s property reinsurance rates continued to decline during the first quarter of 2005 whilst casualty pricing appeared to stabilise according to the latest Bermuda Quarterly report (BBQ) from Benfield.
Appointment at Clyde and Company
Clyde and Company has appointed eight new partners. Nick Austin, Jonathan Drake, Anthony Menzies and...
Appointment at Carvill
Carvill has appointed Stephen Breen to the post of executive vice-president and president of the New...
Donald Davidson to join broker start up Integro
Former Aon and Marsh chief Donald Davidson has agreed to join broker start up Integro. Mr Davidson, ...
Kramer steps down at Ace
Don Kramer, executive, office of the president & chief executive officer has retired from Ace.
Schoen resigns from Axis
Axis Capital Holdings has confirmed that Scott Schoen has stepped down from its Board of Directors. Mr Schoen's resignation follows the sale last week of all remaining Axis Capital common shares owned by Thomas H Lee Partners and related entities.
Appointment at Aon
Broker News in Brief
Broker start up appoints former Marsh and Aon chief
Former Aon and Marsh chief Donald Davidson has agreed to join broker start up Integro.
Amlin reports premium income down £44m on 2004
In a statement today Lloyd’s insurer Amlin announced underwriting activity in 2005 is developing broadly in line with our expectations.
Faraday chief executive suspended
Berkshire Hathaway has announced that two of its insurance employees have been put on leave, including the chief executive of its British subsidiary Faraday.
Appointment at Aspen Insurance
Aspen Insurance UK has appointed David Whiter as senior underwriter for aviation insurance. Mr White...
Lloyd's insurer to float in five weeks
Lloyd's insurer Advent Underwriting is planning to float the business in five weeks' time, and hopes...
Appointment at Brit
Brit Insurance Holdings has made a string of appointments. Richard Webster has become business devel...
Berkshire Hathaway investigate
News in brief
Sky high
The UK's VE day celebrations were marred last weekend after the last remaining B-17 Flying Fortress ...
Integro: London base in "months"
Newly formed global independent insurance broker Integro has issued a challenge to the top three bro...
Appointment at RK Carvill
Carvill has made John Cavanagh and David Thomas joint chief executive officers. Mr Thomas assumes th...
AM Best leaves Converium ratings unchanged
AM Best has said that all ratings of Converium remain unchanged following the publication of the company’s first quarter 2005 results.
Munich Re releases Q1 2005 figures
Munich Re has announced that its first quarter figures for 2005 have placed it on course with a quarterly profit of €688m, with significantly higher results in primary insurance and reinsurance and further strengthening of earnings potential through…
AM Best rates St Paul Travelers
AM Best has affirmed the financial strength rating of A (Excellent) and assigned an issuer credit rating of “a” to St. Paul Travelers Insurance Company (United Kingdom). Both ratings have a stable outlook.
Berkshire Hathaway to buy medical liability Insurer
General Electric and Berkshire Hathaway have announced that GE Insurance Solutions has entered into a letter of intent for the sale of Medical Protective Corporation, professional liability insurers for physicians and dentists, to National Indemnity, a…
Integro launches with $300m backing
Ex-Marsh executive Bob Clements has announced the launch of his new brokerage, Integro, after raising $300m for the start up.
RI3K supports contract certainty with fac re roll out
RI3K has announced the delivery of a fully London Market Principles compliant electronic transaction module for facultative reinsurance.