Reinsurance
Zurich could face postal ballot bill
Zurich Municipal could face a hefty claim following today's election, after thousands of faulty post...
London banks on goodwill
The group charged with leading the London market towards contract certainty will rely on goodwill an...
SEC broadens finite reinsurance probe
New York-based specialty insurance company Assurant has said that it has been subpoenaed by the Securities and Exchange Commission (SEC) as part of the agency's investigation into finite reinsurance and insurance.
Marsh bemoans softening market as income falls by two thirds
Marsh and McLennan today reported its net income was $134m for the first quarter of 2005 (2004: $446m).It added consolidated revenues totaled $3.2bn, and that the results include pretax charges for restructuring, employee retention, incremental…
Hannover Re charts clear course ahead
Hannover's Chairman Wilhelm Zeller sees a profitable 2005 having riden out the storms of 2004 to return a EUR577m profit
AM Best rates Montpelier Re
Re-ratings
Hannover Re profits hit by nat cat losses
An unusually high burden of major losses from natural catastrophe events in the third quarter of 200...
Is it really "different this time"?
Editorial & Contents
Electronic claims progress in London
Claims reform in the London market has taken a big step forward with 13 top managing agents and brok...
AIR launches glass-loss modelling service
AIR Worldwide Corporation has announced a new catastrophe-modelling service to assess potential insu...
Munich Re optimistic about year ahead
Munich Re has announced that it has an optimistic outlook for the business year 2005.
Brit hires Webster
News in brief
What the papers said this week
Financial Times - Jardine Lloyd Thompson has begun an inquiry into procedures in a Cayman Islands su...
Atrium boasts of market position
Lloyd's insurer Atrium this week predicted that it was better placed than its competitors to generat...
Florida subpoenas 17 reinsurers
Florida Insurance Regulation Commissioner Kevin McCarty has subpoenaed 17 reinsurance companies to request information related to finite reinsurance activities in the insurance industry.
Atrium buoyant after profits rise
Atrium Underwriting has announced a 75% rise in 2004 pre-tax profits.
Moody’s upgrades Hannover Re
Moody's Investors Service has upgraded the insurance financial strength rating (IFSR) of Hannover Reinsurance to A3, from Baa1 and the rating on guaranteed subordinated debt of Hannover Finance to Baa2, from Ba1.
Zurich London downgraded
A.M. Best has downgraded the financial strength rating to B++ (Very Good) from A (Excellent) of Zurich Specialties London.
Firms could be left reeling after Rover collapse
The fallout from the collapse of manufacturer MG Rover could highlight the problem of underinsurance...
Talbot Holdings announces record pre-tax profits
Talbot Holdings, the Bermudian holding company of the specialty insurance group, has announced recor...
Ohio AG expands AIG lawsuit
Ohio Attorney General Jim Petro has widened the scope of the securities fraud class action lawsuit currently pending against American International Group (AIG) and others by filing an amended complaint in federal court in New York.
Aspen grows aviation insurance team
Aspen Insurance UK has hired David Whiter as senior underwriter for aviation insurance, a newly created position. Based in London, he will report to Nick Bonnar, head of specialty lines at Aspen, and head up the aviation team.