Reinsurance
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.
Senate committee chairman sceptical on need for TRIA
The chairman of the US Senate’s Banking, Housing and Urban Affairs Committee has said he intends to approach the question of extending the Terrorism Risk Insurance Act (TRIA) with a "critical but, I hope, open mind."
AM Best rates Montpelier Re
AM Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Montpelier Reinsurance.
US property premiums to continue to fall
US property premiums are expected to continue to fall, according to the latest report by broker Aon. It said that although the third quarter of 2004 saw the highest quarterly insured losses ever in the US following a season of multiple hurricanes, buyers…
Buffett questioned over AIG probe
Billionaire investor Warren Buffett has been questioned by regulators about his involvement with American International Group (AIG).
Cunningham Lindsey acquires Axis USA
Cunningham Lindsey International has acquired Axis USA, a well-established US adjusting company based in New York and California.
Broker develops warning system
Reinsurance broker Benfield revealed it is leading the industry's fight to develop a tsunami warning...
New prediction for 2005 Atlantic hurricane season
London Market News
Omega raises £18.2m with AIM flotation
London Market News
Spitzer speaks out on AIG investigation
New York attorney general Eliot Spitzer has commented on the ongoing investigation involving America International Group (AIG) and alleged questionable practices.
Odyssey Re hit by nat cat losses
Odyssey Re has announced that it expects after-tax net losses in the range of $26m to $29m during the first quarter of 2005 from a number of natural catastrophes.
Assessing the worst-case scenario
Risk modelling
Munich Re posts healthy profit
Munich Re has announced a return to profit for 2004, with all business segments contributing to the ...
Appointment at Moody's Corporation
Recruitment
Terrorism risk in the post-TRIA era
Terrorism risk
Counting the cost
Natural catastrophes
RIMS backs TRIA extension
Terrorism Risk
Appointment at RK Carvill
Recruitment
Benfield predicts minimal insurance losses from earthquake
Reinsurance broker Benfield predicted minimal insurance losses from this week's Asian earthquake. It...
AIG delays 2004 10-K
American International Group’s (AIG) problems have deepened as it announced that it was formally delaying the submission of its Form 10-K for 2004.
Buffett to meet regulators over AIG inquiry
Warren Buffett is to meet with investigators looking at a deal between a subsidiary of Mr Buffett’s Berkshire Hathaway and troubled (re)insurer American International Group (AIG).
AM Best leaves Hannover Re ratings unchanged
AM Best has commented that Hannover Re’s ratings remain unchanged following the announcement of its consolidated 2004 year-end post-tax profit of €309m ($422m).
Hannover Re profits hit by nat cat losses
An unusually high burden of major losses from natural catastrophe events in the third quarter of 2004 prevented Hannover Re from generating a new record result, according to the company.
Omega Underwriting meets investors
London Market News Brief