Reinsurance
Financial times?
Premium finance is an unforgiving market for new entrants. The business of achieving critical mass before time runs out is a delicate balancing act and one complicated recently by the collapse of several insurers. Simon Threadgold reports.
General Re posts $1.3bn loss
General Re has said it expects a pre-tax underwriting loss of $1.27bn for the fourth quarter of 2001....
Benfield researches bio-terror
In the wake of the US anthrax letters last year, Benfield Greig has published new research into bio-t...
Pinsent appoints reinsurance head
Tim Burton, the group legal counsel at reinsurance intermediary Benfield, is to lead the national and...
Rebriefs - AM Best.
Rating agency AM Best has assigned ratings to three new Bermudian reinsurers. Allied World Assurance...
Appointment at Benfield Greig Ltd.
Charles Fry has been appointed chief financial officer (CFO) of Benfield Greig Ltd. He will report t...
Casualty loss development speeds up.
Losses are being reported more quickly to casualty excess reinsurers according to a survey by the Re...
Rush to fill key posts.
View the pdf of this story Sun, sea, sand and ... a strong reputation as an offshore tax haven a...
Rising to the challenges.
It has been said many times since 11 September, and apologies for repeating the cliche, but things w...
US industry calls for terror backstop.
The US (re)insurance sector and large property owners are putting heavy pressure on the US governmen...
Wake-up call for life.
Compared with their non-life counterparts, life reinsurers' financial losses from the 11 September disaster will be modest. However, as John Sanders discovers, the event is forcing a major rethink of the risk posed by terrorism.
Benfield remains tight-lipped on flotation plan.
London-based reinsurance broker Benfield Greig has refused to rule out a listing, following speculat...
Terrorism pushes Hannover Re into Euro 204m loss
Hannover Re made a Euro 204m loss after tax in the third quarter of 2001, although it says it would h...
General Re gives up on agreed sale
General Re has abandoned its plans to sell its Gen Re Securities Holdings unit to a group of unnamed ...
Axis Specialty looks beyond Bermuda
New Bermudian reinsurer Axis Specialty is already registered to do business in the UK, even though it...
Winds of change.
Despite the increasing threat of hurricane activity predicted by weather specialists, Eric Alexander finds insurers are adopting a wait-and-see approach and first addressing the problems of years of low rates.
Charman in court once more.
Bermudian insurer Ace looks set for a new legal battle involving its old chief executive John Charma...
Subscription market is back
The attacks of 11 September have prompted a return to the subscription market, according to Don Krame...
Atrium recruits.
Lloyd's insurer Atrium has appointed two new underwriters for syndicate 609. Gloria Davies joins as ...
Equitas may appeal US asbestos agreement defeat.
Lloyd's run-off company Equitas was this week weighing up whether to appeal a New Orleans federal ju...
Threat of mould.
Reinsurance broker Guy Carpenter this week warned there have been 9000 toxic mould and mildew-relate...
Insurers' optimism remains unchanged
Business confidence in the UK general insurance sector has remained unchanged over the past three mon...
JLT split not a numbers game.
Jardine Lloyd Thompson chief executive Steve McGill has vowed his company will outperform rivals, fol...
European windstorm claims underestimated
Several insurance companies have not had adequate reinsurance cover for claims relating to three majo...