Reinsurance
Market surges ahead
For the first time in more than a decade, Lloyd's is riding the crest of a wave as its competitors suffer. Robert CB Miller examines this turn in fortunes.
Axis floats in New York
Bermuda-based (re)insurer Axis Capital Holdings planned to sell 13.4 million new common shares in a...
Rebriefs - PXRe asks permission to offer securities.
Bermudian reinsurer PXRe has asked the Securities and Exchange Commission of the US for permission t...
Ace promotes Greenberg
Bermuda-based (re)insurance group Ace has appointed Evan Greenberg president and chief operating offi...
Repeople - Appointment at PXRe.
PXRe is keeping it in the family as chief executive Gerald Radke hands over his role as chief execut...
Small but vital market aims to set an example
There are only just over 80 buyers and around 40 sellers in the retrocession market, yet the small ...
Hannover Re raises EUR530m and buys HDI Re
Hannover Re has, as expected, boosted its capital to defend its ratings and to reassure investors a...
Rebriefs - Montpelier Re assigned A3 rating.
Montpelier Re has been assigned an 'A3' (good) financial strength rating by rating agency Moody's. I...
Rediary
JULY 2003 13-16 International Insurance Society (IIS) 39th Annual Seminar New York, US II...
Benfield IPO values broker at £575m
Benfield Group's flotation on the London Stock Exchange raised £157m ($262m), valuing the reinsuran...
Benfield Group sells shares.
Reinsurance broker the Benfield Group sold shares at 250p each for its initial public offering last ...
RAA releases industry results
The top 50 property and casualty reinsurers in the US wrote $30.8bn in net premiums in 2002, accordin...
What the papers said this week
FINANCIAL TIMES Benfield has earmarked almost 10% of the proceeds from its initial public offer...
Appointment at RK Carvill & Co
RK Carvill & Co has appointed Nick Foden-Pattinson as a joint managing director of the company's st...
Hannover Re raises €530m of capital
Hannover Re today boosted its capital by €530m and took over the Dublin-based financial and captives ...
Penny Black's insurance week.
Penny wants to put paid to a vicious rumour doing the rounds among those involved in the personal in...
What the papers said this week.
THE SUNDAY TELEGRAPH Aspen Re, the reinsurance operation set up last year by Wellington Underwrit...
TSR aids reinsurers' storm predictions.
Tropical Storm Risk, the consortium of experts on insurance and climate forecasting led by the Benfi...
Appointment at Office-Shadow.
Office-Shadow, provider of crisis management planning software, has appointed Karl DiMascio as comme...
Two years ago.
Two years ago, Independent Insurance was on the brink of collapse as Post Magazine reported, but a w...
Events.
29 April-10 July Biba compliance workshops Leeds, Bristol, Manchester, Cambridge, Leicester, Ch...
US reinsurers have good first quarter
Reinsurers in the USA had a good start to the year, according to a survey by the Reinsurance Associat...
Terrorism insurance still too high, says Moody's report
A new report by ratings agency Moody's claims that the US Terrorism Risk Insurance Act of 2002 has no...
Lloyd's proposes reduction in QQS reliance
Rolf Tolle, Lloyd's franchise performance director, intends to reduce Lloyd's syndicates' reliance ...