Reinsurance
World Bank grants Romanian loan for earthquake risk
The World Bank has given $1.5m to the Romanian Government to help it assess the risk posed by the dangers of a major earthquake.
Aon lauds success of document exchange
Broker Aon has announced that 28 insurers and reinsurers from the London, European, Bermudian and North American insurance markets are now using its document exchange to electronically access claims documentation.
NAIC adds to TRIA pressure
The National Association of Insurance Commissioners (NAIC) has testified before the US Congress on the fact that there remains a strong need for the US government to provide appropriate financial back up to the private insurance market in order to…
Reduction in capacity impacts Hannover Re earnings
Reinsurer Hannover Re has reported operating profit increases of 41.8% to 154.5m euro (£104.7m), for the first quarter of 2004, with quarterly net income rising by 36.1%, despite what it describes as "Markedly less premium income than the same period…
ART deals change direction, claims Schofield
The number of Alternative Risk Transfer (ART) deals on the insurance market has peaked and could soon start to decline, according to Oliver Schofield, director at Aon Group’s property global practice.
Hardy sells up Lloyd's stake
London Market News
Talbot admits rating pressure
London Market News
Through the internet maze with Richard Griffiths
This is a good corporate site that has clearly had enough resources put behind it. It starts with a ...
Fried Frank warns that directors are open to personal liability claims
Directors and officers of UK and European companies face an increasing personal risk of litigation or regulatory action, according to international law firm Fried, Frank, Harris, Shriver & Jacobson.
Profit boost for Lloyd's insurer Talbot
Talbot Holdings Lloyd's operation has recorded a 66% increase in pre-tax profits for 2003.
Hardy sells off Atrium stake
Hardy Underwriting Group has announced that it has sold its entire holding of 11.5m shares in Atrium Underwriting (representing 23.2% of the issued ordinary shares in the company). The sale was effected through a placing by KBC Peel Hunt with…
Moody's upgrades Assured Guaranty
Moody’s Investors Service has upgraded to Aa1 (excellent), from Aa2 (excellent), the insurance financial strength rating (IFSR) of Assured Guaranty (previously ACE Guaranty) and upgraded to Aa2, from Aa3, the IFSRs of the Assured Guaranty Re (previously…
Atrium acclaims 2003 aviation performance
Lloyd's managing agency Atrium reported good performance across all lines of business in 2003, with ...
Appointment at Ri3k
Ri3k has hired Colleen Meacock as European sales manager. She was formerly employed as a reinsurance...
Moore tops RAA elections
Scott Moore, president and chief executive officer of PartnerRe, has been elected chair of the Reinsurance Association of America (RAA) by association members.
Swiss Re issues WTC statement
Swiss Re has issued its first public comment on the verdict in its favour in the World Trade Centre trial in New York.
Ace UK set for growing role within global company
Ratings agency A.M. Best has given a financial strength rating of A (Excellent) to ACE INA UK and the insurer's Belgian operation, declaring both operations are core to the group's strategy.
Atrium announces profits of £13.6m
Lloyd’s insurer Atrium has announced a group profit of £13.6m and confirmed a number of management changes.
St Paul International rated Excellent by A.M. Best
Ratings agency A.M. Best has affirmed the A (Excellent) financial strength rating of St Paul International Insurance Company (London). The rating has been removed from under review and assigned a stable outlook.
Moody’s affirms A- rating for Lloyd’s Atrium Syndicate
Moody's Investors Service has affirmed the A- rating of Lloyd's syndicate 570, Atrium Underwriters, with the outlook remaining stable.
Hannover Re contracts to use online platform
Hannover Re has contracted to use the E-reinsure online platform for reinsurance negotiation. Ulrich...
Doubts for Marlborough after sale
Doubts have arisen over the long-term future of Lloyd's managing agent Marlborough Underwriting, fol...
Penny Black's insurance week
It is said that supporting English cricket is the surest way to misery and hopelessness - any brand ...