Reinsurance
Still looking for answers
The US Terrorism Risk Insurance Act aims to ensure terror cover for even the highest risk clients, but is it working? Patricia Vowinkel finds both insurers and insureds less than happy with the federal backstop.
Appointment at Hannover Life Re (UK)
David Brand (below) has taken over from the retiring Peter Savill as managing director of Hannover ...
Model action on terrorism
(Re)insurance brokers Aon and Benfield separately announced developments in terrorism modelling las...
Wellington Re is now Aspen
Wellington Re has changed its name to Aspen Insurance UK in a deliberate move to differentiate itse...
Reinsurers may take flight
The loss-making aviation reinsurance sector needs better returns or it is likely to withdraw capaci...
Rebriefs - Appointment at Crispin Speers & Partners
Crispin Speers & Partners, the Lloyd's (re)insurance broker, is moving into life (re)insurance brok...
Rebriefs - Axis Capital files plan
Axis Capital filed a plan with the US Securities and Exchange Commission last month to sell up to $...
Just the job
Human resources managers are under increasing pressure to come up with the right remuneration combination to attract new talent and retain existing staff if insurance companies are to successfully compete, says Paul Picknett.
Moody's downgrades Hannover Re
Ratings agency Moody's has announced that it is downgrading the financial strength rating of Hannover...
Catastrophe bonds hit new record
The catastrophe bond market set a new record for issuance in 2002. Last year's figure of $1.2bn was u...
Inland flood fears over score system
Floods minister Elliot Morley and the insurance industry have played down concerns that the governmen...
International law could be changed
International law could be changed within five years to stop the aviation industry being legally li...
New flood plans on cards
A new streamlined infrastructure for flood defence management and funding was due to be detailed th...
Sirius deal means new premium finance tool
Insurance technology provider Sirius Financial Systems has introduced a new premium finance tool to...
Appointments at Wellington Re
Wellington Re, which has changed its name to Aspen Insurance UK, trading in the London market as As...
Through the internet maze with Richard Griffiths
Benfield Group is the kind of big insurance company with the resources to plough into regular in-de...
Airlines could escape terrorism liability
Tony Medniuk, chief executive of the large aviation insurer Global Aerospace Insurers, predicted that...
High reinsurance costs 'could kill airlines'
The International Air Transport Association (Iata) has claimed that high (re)insurance costs are thre...
Penny Black's insurance week
Penny is not one to miss a party, so she was disappointed not be invited, along with a group of Lon...
Benfield launches terror programme
Reinsurance broker Benfield has launched a new software product for insurers looking to monitor ter...
Axis Capital makes profit
Axis Capital, the holding company of Bermudian (re)insurer Axis Specialty, made a net profit of $26...
Appointment at Guy Carpenter
David Priebe, managing director at Guy Carpenter, has been promoted to head the broker's worldwide ...
Good, but not good enough
It is heartening to see black ink starting to reappear in reinsurers' results (see 2002 results tab...
Arch Capital enters marine hull market
Bermuda's Arch Capital has entered the marine hull market in partnership with Eagle Ocean Services....