Reinsurance
Stable outlook for Top Layer Re
AM Best has affirmed Bermuda-based Top Layer Re’s financial strength rating of A+ (superior), and has announced that the outlook is stable.
Savannah Re announces new deal
Savannah Re has concluded an agreement to provide underwriting services to Platinum Underwriters Reinsurance and the Glencoe Group.
Aspen Re appoints new Finance Director
Aspen Insurance Holdings has promoted Ian Campbell to the position of finance director of Aspen Re and appointed him to the board.
Atrium syndicate 609 upgraded by Moody's
Moody’s Investors Service has upgraded the performance rating of Atrium Underwriting's syndicate 609 to A (Very Good) following the conclusion of a review for possible upgrade instigated earlier this month. A stable outlook has been assigned to the…
What the papers said this week
THE GUARDIAN City Councillors of Aliso Viejo in California, have proposed a motion to ban the pot...
Hannover Re posts profit for 2003
Hannover Re has posted a EUR732.1m (£488.6m) profit for 2003, a rise of 55% on the EUR470.9m it made...
Are the clouds lifting?
How are global (re)insurers faring in the current climate? Sal Zaffino considers the outlook is not as bad as expected
In-sourcing the back office
As claims move up the agenda for reinsurance buyers, Guy Carpenter has brought its UK back-office processes closer to home
A class above
Bermuda's 'Class of 2001' (re)insurers grew rapidly in 2003, and delivered a volume of income that w...
Swiss Re streamline processes with Benfield
Benfield and Swiss Re are to use a centralised electronic messaging and routing system to standardis...
Appointment at Montpelier Re
Montpelier Re has unveiled the appointment of Anthony Taylor chairman of the board of directors. Mr ...
Facing the future
A sad but necessary quality in all aspects of daily life is to be able to control the fear of experi...
Court rules on HIH contracts
The New South Wales Supreme Court has approved a deed that will return approximately A$300m to the l...
Benfield posts profit
Reinsurance intermediary Benfield has announced that it made a pre-tax profit of £31.2m over 2003, a...
Benfield launches underwriting pricing tool
Benfield today announced the launch of CAPRe (Capital Allocation Pricing for Reinsurers), a new underwriting pricing and management tool for reinsurers writing catastrophe business.
Brokers call for Tria extension
Leading US brokers are calling for the extension of the federal Terrorism Risk Insurance Act (Tria), according to a new survey.
Posgate goes to Aon Re International
Aon Re International has announced that Richard Posgate has been appointed group operations director.
Hannover Re profits from 2003
Hannover Re has posted a €732.1m profit for 2003, a rise of 55% on the €470.9m it made over 2002.
Hannover Re Africa rated by S&P
Standard & Poor’s Rating Services (S&P) has assigned a BBB- (good) long-term counterparty credit and insurer financial strength rating to Hannover Reinsurance Africa.
Omega announces profits from its Lloyd's Syndicate
Omega Underwriting Holdings has announced a profit of 6.2% on capacity before personal expenses from its Lloyd's Syndicate 958 for 2001.
Appointment at Axis Capital Holdings
Axis Capital Holdings has made two non-executive appointments to its board of directors: Jurgen Grup...
Bermuda reinsurers continue growth
The Bermudian reinsurance market has enjoyed two consecutive years of solid growth and earnings sinc...