Reinsurance
Top three not expected to lose share
The top three brokers are unlikely to lose market share as a result of the Spitzer inquiry, accordin...
Benfield releases renewals report
Despite a second year of massive catastrophe losses, increasing competition is already forcing underwriters to choose between sacrificing premiums, profit or capital, according to a comprehensive report on the 2004/5 reinsurance renewals from Benfield.
PCS expands services
ISO's Property Claim Services (PCS) unit has expanded its services to include loss estimates for potential catastrophic terrorism losses. PCS today announced it will assign catastrophe serial numbers to potential terrorism events likely to have caused at…
Appointment at Atrium Underwriting
Atrium Underwriting has made James Joll non-executive director. He is currently a non-executive dire...
Industry in tsunami mitigation pledge
The insurance industry has pledged its support to limiting the effects of future tsunamis, following...
Broker reports find growing use of modelling
Two broker reports on the recent reinsurance renewal season have concluded the market has held some ...
AM Best affirms Hannover Re subsidiary rating
AM Best has affirmed the financial strength rating of A- (excellent) of Hannover Life Reassurance (UK) (HLRUK) and assigned an issuer credit rating of “a-”. The rating outlook is stable.
Guy Carpenter report looks at US renewals
Guy Carpenter has released its annual report on pricing at renewals. Titled: US Reinsurance Renewals at January 1, 2005, the report found pricing generally to be flat to slightly down.
Equitas non-exec takes role at Atrium
Atrium Underwriting has appointed James Joll as a non-executive director with effect from 1 January 2005.
2004 record year for catastrophes, claims Swiss Re
According to preliminary Swiss Re sigma estimates, more than 21 000 people around the world lost their lives as a result of natural and man-made catastrophes in 2004. The catastrophes caused overall economic losses of about $105bn worldwide.
Terrorism cover in demand, says Aon report
A new study released by Aon has found that 57 percent of companies studied are facing new issues in the risks that they face and have decided to take up some kind of terrorism insurance – an increase over the 24 percent found earlier this year.
Benfield announces disclosure policy
Benfield has announced that, as of 1 January 2005, all US property/casualty treaty cover notes will ...
Start-up rejects Spitzer worry
Start-up reinsurer Glacier Re is expecting to write up to $500m (£259m) by the end of 2007 in what i...
Appointment at Arch (Europe)
William Beveridge has become underwriting manager, writing marine hull and associated risks, for Arc...
Moody’s flags up Hannover Re for possible upgrade
Moody's Investors Service said today that it had placed the financial strength ratings and subordinated debt rating on members of the Hannover Re Group on review for possible upgrade.
Glacier Re launched
Glacier Reinsurance, a Swiss start up reinsurance company, has been launched, having successfully raised CHF 347.5m ($300m) in equity capital. Subject to receiving its reinsurance license from the Swiss Federal Office of Private Insurance, Glacier Re…
Benfield announces transparency move
Benfield has announced that as of January 1, 2005, all US property & casualty treaty cover notes will fully disclose Benfield's compensation.
AM Best rates Arab Re
AM Best has assigned a financial strength rating of B+ (Very Good) and an issuer credit rating (ICR) of "bbb-" to Arab Reinsurance. The outlook on both ratings is stable.
Events
20 January National Security Inspectorate - Reducing Risk Together seminar Wellington Hotel, Belfa...
Insurer Arch establishes marine underwriting division
Insurer Arch has announced the establishment of a marine underwriting division. William Beveridge wi...
MIB promises Berkshire rail crash payouts
The Motor Insurers' Bureau confirmed that it will be meeting in full all personal injury claims subm...
Atrium expecting 2005 profit
Atrium Underwriting today announced its 2002 and 2003 account forecasts for its Syndicates 570 and 609.
2004 hurricanes left reinsurers unbattered, claims Benfield
Despite a record number of hurricanes and typhoons during the third quarter of 2004, global reinsurers in general, and the Bermudians in particular, report little or no damage to their balance sheets according to the most recent Benfield Bermuda…
Arch launches marine division
Arch Insurance Company today announced the establishment of its marine underwriting division with the appointment of William Beveridge.