Reinsurance
Benfield predicts challenging year ahead
Benfield Group has reported profit before tax for 2004 of £90.4m, up £59.3m on the previous year's £31.1m. Group operating revenue decreased to £304.6m (2003: £307.7m). Profit before tax and exceptional items increased by £8.4m to £68.6m (2003: £60.2m).
Moody’s changes Aon outlook to stable
Moody's Investors Service has affirmed the Baa2 senior debt of Aon Corporation and has changed the outlook to stable from negative.
Wellington to reproduce Folgate model
Wellington Underwriting will seek to diversify its UK book of business in 2005 by replicating its di...
Drop in underwriting profits
A drop in underwriting profits from $1.72bn (£892.7m) to $1.55bn from its reinsurance and insurance ...
Rims speaks in favour of TRIA extension
Legal Report
Legal wrangling
Pharmaceuticals
RK Carvill promotes promotes David Thomas
London Market News
Latest study by Swiss Re
According to the latest study by Swiss Re, catastrophes caused insured losses totalling $49bn (£33.9...
Rates come to Amlin's aid
London Market News
Amlin profits top £120m
Amlin has announced its full year results for 2004, posting a £121m profit despite significant windstorm losses.
Jackson takes board role at CBG
Stephen Jackson has been appointed an Executive Director on the board of Community Broking Group with immediate effect.
RIMS backs TRIA extension
The Risk & Insurance Management Society (RIMS) has affirmed its support for legislation extending the Terrorism Risk Insurance Act (TRIA) for an additional two years and has encouraged the US Congress to approve the legislation as soon as possible.
Atrium announces profits
Lloyd's insurer Atrium has announced profits in the mid-range of expectations for the 2002 year of a...
Appointment at Arch Insurance (Europe)
Alex Campbell has been appointed to Bermuda-based Arch Insurance (Europe) as property underwriting m...
Record insured losses in 2004, claims Swiss Re sigma study
According to the latest study by Swiss Re, catastrophes caused insured losses totaling $49bn worldwide; most of this figure was due to windstorms in the US and Japan. More than 300 000 people died in natural and man-made catastrophes in 2004, with the…
Scott and Frederico not standing for re-election to Ace board
Walter Scott, retired Chairman, president and chief executive, and Dominic Frederico, former president and chief operating officer of Ace have announced that they will not stand for re-election at the Annual General Meeting.
Converium hit by massive loss
Converium has reported a net loss of $760.8m for the full year 2004, which primarily reflects a net adverse impact of $581.3m on the technical result.
Appointment at Guy Carpenter
Recruitment
Bermuda's triangle of new financial guarantee reinsurers
Channel reinsurance, Bluepoint re and ascend make up the new wave of start-up companies to wash up on Bermuda
Hedge fund entrants set to shake up market
The hard reinsurance market and its ease of entry offshore has proved too tempting for cash-rich hedge funds to resist
Reinsurance renewals weather storms
The (re)insurance industry has supported the new class action fairness act in the US, but will it lead to further tort reform?
USA - 2004 a record year for US P/C losses
US property/casualty insurers paid a record $27.3bn for insured property losses to homeowners and bu...