Reinsurance
AIG and Chubb team up for $1bn reinsurance venture
Global insurance giants AIG and Chubb are reported to have teamed up with Goldman Sachs to form a new...
AIG & Chubb in new venture
US insurers AIG and Chubb are reported to have teamed up with Goldman Sachs to form a new Bermuda-bas...
QBE rationalises treaty business
Australian (re)insurer QBE's European division has rationalised the amount of retrocession on its tre...
Baden-Baden focuses on terrorism
Eric Alexander reports from the reinsurance meetings
HSBC seeks underwriter.
The corporate finance arm of HSBC investment bank is in talks with several parties with a view to es...
Cover shortfall fears.
Companies could be left without any reinsurance cover in the event of a loss come January, as protra...
One-loss call on WTC insurance cover.
Swiss Re commenced legal proceedings this week in a bid to determine the extent of its exposure to t...
Cats face turbulent times.
The property catastrophe reinsurers that have set up in Bermuda since the early 1990s have had to weather many ups and downs, says David Fanning.
Rebriefs - Fitch.
Cat bond issuance could top $2bn next year as traditional insurance becomes more expensive and less ...
New capital enters market.
New and existing companies are moving to capitalise on the accelerated hardening of (re)insurance ma...
US Congress looks at pool.
The US Congress was expected to decide by this month between a property and casualty terrorism reins...
Crisis brings change.
Bermuda is already seeing the effects of 11 September as new companies are formed and existing companies deal with major losses and contemplate raising more capital. Janina Clark reports.
Appointment at RK Carvill.
Jonathan Turnbull has been appointed chief financial officer of reinsurance broker RK Carvill. He wa...
US checks Lloyd's.
US regulators are to investigate the financial health of the Lloyd's market, as a condition of a temp...
Arch sets up $1bn reinsurer
Arch Capital of Bermuda is to set up a new reinsurer capitalised at $1bn. The insurance and financi...
More signs of life appear.
Restructuring in the world's (re)insurance sector is boosting the attraction of Bermuda as a home for life reinsurance, says Patricia Vowinkel.
Friendly and flexible.
Extraordinary times can lead to extraordinary behaviour. The unprecedented events of 11 September ha...
Ace issues legal proceedings against Charman
Bermudian insurer Ace has started legal proceedings against former Ace chief executive John Charman....
Government reaffirms commitment to terrorist cover
The government reaffirmed its commitment to providing retrocessional cover for terrorist acts in resp...
IPC Re posts record losses
Bermudian property catastrophe reinsurer IPC Re has recorded its worst ever quarterly results, follow...
Swiss Re seeks to block double WTC claim
Swiss Re has gone to court to seek clarification on whether the attacks on the World Trade Center com...
HSBC plans new reinsurer
HSBC Investment Bank has said it is seeking backers for a new reinsurance company. "Our corporate f...
Insurer denies army ban.
Scottish Provident has denied reports it is no longer offering life cover for military personnel, fo...
Picking up the pieces.
The forthcoming Baden-Baden meeting will be significantly different to previous years' - the world's insurers and reinsurers will be focusing on how to deal with the huge global losses suffered in the US terrorist attacks, says Eric Alexander.