Reinsurance
RMS releases Ivan damage estimates
Risk Management Solutions (RMS), has predicted that insured losses from Hurricane Ivan in the US are likely to range from $2 to $7bn.
Munich Re and Indeminity Company to provide capacity for Converium
Converium has agreed with National Indemnity Company and Munich Re that, with effect from 16 September 2004, the latter two companies and their associates will provide security for Converium's full share of all risks underwritten by Global Aerospace on…
Appointment at Aspen Insurance
Aspen Insurance has recruited a new aviation insurance team. Headed up by Nick Bonnar, who is respon...
Penny Black's insurance week
Penny helped bid farewell last week to Mike Hannan, one of the venerable institutions of the London ...
Reinsurers re-emphasise need for caps
Although hurricanes and the future of Converium were the hot topic at Monte Carlo this week, a few o...
Lloyd's boss issues warning
Lloyd's director of worldwide markets Julian James has said the global insurance market will need "y...
'Blame and claim' culture
Monte Carlo News
Hurricanes continue to cause industry worries
Monte Carlo News
Swiss Re vows continued improvement
Monte Carlo News
Appointment at Carvill
Reinsurance and specialty business intermediary Carvill has appointed Mark Verheyen to its reinsurac...
PwC survey reveals 'upbeat' market
Monte Carlo News
Benfield encouraged by US and European growth
International reinsurance broker Benfield Group has reported a £60.1m increase in its profits before...
Unlimited liability
Monte Carlo News
Talbot appoints new political risk underwriter
Lloyd’s insurer Talbot Underwriting has announced the appointment of James Bamford to the position of political risk underwriter in succession to Nicky Ablett, who is leaving Talbot after 12 years with the group. The appointment is subject to regulatory…
RJ Kiln announces new underwriting deal
RJ Kiln has announced that it has finalised a deal with WR Berkley to underwrite new reinsurance business.
Just say no call by Coomber
John Coomber, Swiss Re CEO insisted his company would just say no to business at the wrong price and that he hoped the industry as a whole would not repeat the follies of the past "and fly too close to the sun once again."
2005 set to see reinsurance reductions says Aon
Buyers of reinsurance have cited price as their main concern when renegotiating their reinsurance contracts for the 2005 renewals, according to Aon's latest survey, replacing security, the main concern in 2003.
Reinsurers to remain stable despite pressure, says AM Best
A mix of positive and negative forces continue to influence the financial strength of reinsurers, according to ratings agency AM Best's latest report, Global Reinsurance. However it claims that the net effect will be a continuance of a largely stable…
Ecclesiastical commended for high renewals
A.M. Best has affirmed the financial strength rating of A- (Excellent) of Ecclesiastical Insurance Group. The outlook remains stable.
New CFO at Montpelier Re
Montpelier Re has announced that Kernan ("Kip") Oberting has been appointed chief financial officer and an executive vice president with effect from 1 October 2004.
Benfield posts first half results
Benfield has announced interim results for the first half of 2004.
Hurricane season warnings remain
Insurers have been warned not to take their eyes off the Americas, despite losses from Hurricane Fra...
Rallying round
Global Report
Atrium Underwriting announces updated profit forecasts
Atrium Underwriting has announced updated and improved profit forecasts of 15% for its syndicates 57...