Reinsurance
RAA releases US industry figures
According to a survey of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America (RAA), a group of 26 US property-casualty reinsurers wrote $28.8bn of net premiums during the twelve months ended December 31, 2004.
SVB losses top £110m
Lloyd's insurer SVB reported technical profits of £65.0 million (2003: £68.9 million) and operating profits of £46.7 million (2003: £56.7 million) on its continuing business. However, including discontinued business the insurer's loss before tax was …
Benfield plans primary push
Reinsurance specialist Benfield Group is planning to expand its primary broking capabilities in the ...
Lloyd's questions Pool Re's terror definition
London Market News
Appointment at Carvill
Carvill has made David Thomas its new managing director. Mr Thomas has worked for the company for 24...
Ratings pressure
Maurice Greenberg's resignation as chairman and chief executive officer of AIG prompted a frenzy of ...
Lloyd's fund faces huge cuts
Lloyd's Central Fund will be slashed by more than a quarter, to £575m, after a settlement with reins...
Munich Re puts profitability first
London Market News
Munich Re posts healthy profit
Munich Re has announced a return to profit for 2004, with all business segments contributing to the greatly improved result of €1.8bn, up on the loss of €434m it made in 2003.
Lloyd's Central Fund arbitration: Settlement announced
Lloyd’s has reached a settlement agreement with the insurers involved with the arbitration proceedings relating to an insurance policy supporting its new Central Fund. The settlement amount is £152m, which includes amounts previously paid.
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...