Reinsurance
RenRe completes share offering
Renaissance Re has announced that it has completed its $250m perpetual preferred stock offering.
US had good 2003, says RAA
The Reinsurance Association of America (RAA) has released the results of a new survey showing that a group of 29 US property/casualty reinsurers wrote a total of $30.6bn in net premiums during the 12 months to 31 December 2003.
Lost in translation
English is currently the lingua franca of the insurance world, but that may not always be the case. Insurers ignore language learning at their peril, warns Janina Clark
Benfield posts increased trading results
Reinsurance intermediary Benfield Group Limited, today announced its preliminary results for the year ended 31 December 2003.
Benfield enjoys US$54 million windfall from Montpelier Re sale
Benfield Group has undertaken an irrevocable agreement to sell its holdings of warrants with entitlement to 2,390,785 common shares in Montpelier Re. The transaction will complete on 15 March 2004.
Aspen unveils new underwriting team
Bermuda-based Aspen Insurance has announced that five new property reinsurance specialists have joined subsidiary Aspen Re America.
PXRE reorganizes operations
Bermuda-based PXRE has carried out a reorganization of its underwriting and support organisations. According to the company there will be a 10% staff reduction and it hopes to achieve annual cost savings of $4m.
Aviation insurance market needs broader perspective
The aviation insurance market needs a broader perspective, according to a leading member of the avia...
Hiscox poised for £185m Lloyd's acquisition
Hiscox is believed to be considering an offer to acquire Marlborough syndicate 1861 from Warren Buff...
Cat costs hit $70bn in 2003
Risk Report
URS appoints fine art team
Risk Report
Buffett sees underwriting profit boost
Berkshire Hathaway's fourth-quarter earnings more than doubled, partly as a result of the company's ...
Swiss Re and Benfield embrace electronic broking platform
Benfield and Swiss Re are to use a centralised electronic messaging and routing system to standardise and streamline broking administrative processes between the two organisations. The internal platform, which was developed by Trace ISYS, integrates with…
Property underwriting team moves from XL Re to Aspen Re
Aspen Insurance has added five property reinsurance specialists to Aspen Re America, within the recently formed U.S.-based property reinsurance team operating out of Rocky Hill, Connecticut.
Aviation market call for long term capacity
The aviation (re)insurance market needs a longer time perspective, according to a leading member of the aviation industry.
Swiss Re calls for financial prudence in aviation sector
The aviation (re)insurance market could be facing a wave of insolvencies if losses continue to outpace premiums, according to the latest Swiss Re sigma report, entitled: Flight to quality - financial security in the aviation insurance market .
Wellington profits receive boost from Aspen Re
Wellington Underwriting has announced preliminary results for the twelve months up to 31 December 2003, with operating profits up 220% to £128.2m, against £39.9m in 2002.
Ballardie: new chief at Aspen
Adrian Ballardie, the former chief executive of Axa Corporate Solutions, has re-entered the London M...
Four local authorities awarded
Four local authorities have been awarded more than £4m by the government for extra road safety measu...
Eastgate founders win first deal after buyout
Cavell has secured the run-off rights to Goshawk Syndicate 102, in the first deal since its owners -...
Swiss Re report looks at 2003 catastrophe losses
Global economic losses from natural and man-made catastrophes in 2003 came to $70bn, according to the latest Sigma report from Swiss Re.
Swiss Re appoints Meuli
Swiss Re has announced that Benjamin Meuli has been appointed chief investment officer and member of the executive board. He will take up his position on 19 April 2004.