Reinsurance
Appointment at Arch Europe
Arch Europe has appointed Nicholas Metcalf to the newly created position of director of underwriting...
Appointment at RJ Kiln
Lloyd's managing agency RJ Kiln has made Habib Kattan reinsurance manager. He will be responsible fo...
Aspen Insurance UK to start aviation insurance account
Aspen Insurance UK is to start an aviation insurance account from 2005. Aspen's aviation team will b...
Appointment at CTC Services
Loss adjuster CTC Services has opened an office in Madrid and taken on three new staff. Antonio Fern...
Compensation Culture viewpoint
In the last in our series of comments from participants in the Monte Carlo debate, US judge Richard Posner, outlines his views
Axis joins Spitzer's list of subpoenaed firms
Global Report
Swiss Re announces Nat Cat estimates
Swiss Re has announced that based on current estimates, it expects its aggregate claims related to hurricanes Charley and Frances to be below $300m before tax. It added these events will not change Swiss Re’s positive outlook for 2004 and its combined…
Florida hurricanes will cost Swiss Re £169m
Swiss Re announced today that, based on current estimates, it expects its aggregate claims related to the hurricanes Charley and Frances to be below $300m(£169m) before tax.
Wellington sees 33% rise despite rate softening
Wellington Underwriting has recorded a 33% increase in profit before tax for the six months ended 30 June to £32.4m (£24.3m) despite a softening of rates. The net combined ratio for the half year was 83% compared to 92% for the same period last year.
Industry handles second hurricane in US
Florida has taken the impact of a second hurricane which has caused extensive damage and flooding over coastal areas of the state although is now downgraded to a tropical storm as it moves further north. The State Emergency Operations Centre in Florida…
Florida braces for Frances
Florida is getting ready for the arrival of Hurricane Frances, the second major hurricane to impact the State in the space of a month.
Community Broking Group reports strong growth of profits
Community Broking Group has reported a 35% growth in profit to £104 000 on 2003 in its interim results for the 6 months ended 30 June 2004.
Arch adds new lines to its book
Bermuda-based Arch Insurance said it aims to double its UK staff and begin writing commercial proper...
Compensation Culture viewpoint
In the third in our series of comments from participants in the Monte Carlo debate on compensation, John Humphrys, author of Devil's Advocate outlines his views
Moody’s downgrades Converium
Moody's Investors Service has announced that it has downgraded the ratings of the various entities of Converium group. The rating action concludes the review process initiated on 20 July 2004.
US broking investigation summons Axis Capital
AXIS Capital Holdings has received a subpoena from the Office of the Attorney General of the State of New York seeking information regarding incentive commission agreements between its insurance companies and insurance brokers.
A dip in the pool
Hurricane Charley has shown the value of the Florida Hurricane Catastrophe Fund, but it may also prove a timely example of pooled reinsurance as Tria comes up for renewal
Appointment at Talbot Underwriting
Talbot Underwriting has announced the appointment of Gilles Bonvarlet to the newly created position ...
Industry counts cost of Hurricane Charley
A massive clear-up operation is under way in Florida after the impact of Hurricane Charley
Russian revolution
Russia
Unpopular culture set to be the talk of the Riviera
Compensation culture
Weathering the storm
Each year, the Monte Carlo has a distinct atmosphere and its own major themes over the few days of t...
Former XL chief appointed head of Arch underwriting
Arch Insurance Company (Europe) has announced the appointment of Nicholas Metcalf to the newly created position of director of underwriting.