Reinsurance
Montpelier Re reports record 2003 results
Montpelier Re has announced that it made a net profit of $99.9m for the fourth quarter of 2003, a rise of 35.5% on the $73.7m it made over the same period in 2002. The results take the company’s 2003 figures to a record total profit of $407.1m,…
Channel Re gets thumbs up from rating agencies
New Bermudian financial guaranty reinsurer Channel Re has received a financial strength rating of Aaa (exceptional) from Moody’s and AAA (extremely strong) from Standard & Poor’s.
IPC releases Q4 2003 profit figures
IPC Holdings has announced that it made a $65.4m profit in the fourth quarter of 2003, a rise of 327% on the $20m profit it posted in the same quarter the previous year.
Insurers still waiting for FSA answer on group claims processes
Mark Richardson, claims governance manager at Zurich Financial Services, said the insurer was still ...
Blong joins Benfield
Professor Russell Blong has joined reinsurance intermediary Benfield’s team of natural hazards experts in Australia.
Equitas settles largest US asbestos claim
Equitas, the insurer set up to reinsure and run-off Lloyd's pre-1993 liabilities, has settled its la...
Penny Black's insurance week
It seems that Penny was not the only socialite to enjoy the pleasures of the ski slope this se...
QGIR gets ratings approval from AM Best
AM Best has assigned a financial strength rating of B++ (very good) to Qatar General Insurance and Reinsurance (QGIR), along with a stable rating outlook.
Crawford recruits new agricultural team
David Waite Associates’ specialist agricultural team has joined loss adjuster Crawford & Company’s agricultural, rural industries and estates team. The existing team headed by David Thompson has been joined by David Waite and Steve Law both from David…
P&C - Aspen expands its US P&C arm
Bermuda-based Aspen Insurance Holdings is expanding its US property reinsurance arm with the creatio...
Making history
Arab Insurance Group has had a turbulent time since its initial public offering in 1997 but chief executive Udo Krueger is now confident about both the company and the Middle East market
Risk Analysis - RMS looks at windstorm risk
Risk Management Solutions (RMS) has carried out the risk analysis for a EUR190m securitisation by Py...
Weather - Atlantic to see a stormy 2004, says TSR
Hurricane activity in the Atlantic will be above average in 2004, according to the latest forecast f...
Appointment at Arthur J Gallagher
Arthur J Gallagher has announced that Theodore ("Tat") Skirvin has been appointed vice-president -...
Space Activity - Solar threat to satellites studied
The Benfield Hazard Research Centre is studying the effects of increased solar activity after an unp...
Appointment at Guy Carpenter
Guy Carpenter has appointed David Lightfoot as manager of its actuarial and catastrophe modelling ...
Testing times for the franchise
The Lloyd's franchise has made a good start, but its real test will be in the down phase of the insurance cycle
Appointment at Aspen Re America
Brian Boornazian has been appointed president and chief underwriting officer, property reinsurance...
Third party capital playing "a vital role" in Lloyd's says managing agent
Nigel Hanbury, chief executive of Hampden Agencies, the top managers of private investors' funds at Lloyds, told a conference for insurance industry experts today that "Third party capital had re-established itself and remains important to Lloyd's future…
AM Best puts negative outlook on Transatlantic subsidiaries
AM Best has affirmed the A++ (superior) financial strength rating of Transatlantic Holdings, but assigned a negative outlook to its reinsurance subsidiaries Transatlantic Re, Trans Re Zurich and Putnam Re.
Swiss Re opens DC office
Swiss Re has opened a new office in Washington DC in an effort to get closer to policymakers in the US capital.
Appointment at MCE
Northants-based insurance provider MCE has appointed Steven Elliot as team leader. He will also be...
Expert calls for new windstorm claims database
Weather Report