Reinsurance
Ergo at centre of further scandal over staff "rewards"
Munich Re owned primary insurer Ergo is once again courting controversy after reports that the firm paid for employees to visit a swingers' party in Jamaica and a brothel in Spain.
ANV Syndicate 1891 launches accident and health division
ANV Holdings' newly acquired Syndicate 1861 has opened an accident and health business just eight days since acquiring the Lloyd's business from Flagstone Re.
US property and catastrophe insurers to sustain largest Hurricane Isaac losses
Primary insurers including Liberty Mutual Group are likely to bear the brunt of any insured losses arising from Hurricane Isaac, Fitch Ratings has claimed.
Join Allianz, Groupama and Miller in 2012 insurance football tourament
The Prince's Trust is today calling on insurance companies to help tackle youth unemployment by taking part in the charity's annual fundraising football tournament.
Cat bonds and sidecars favoured over traditional reinsurance, Fitch finds
Fitch Ratings has revealed that capital market alternatives to reinsurance from sources such as catastrophe bonds, collateralised quota-share reinsurance vehicles, and other risk transfer structures represent an increasingly viable alternative to…
Swiss Re unveils new Middle East and Africa boss O'Neill
Swiss Re has appointed Frank O'Neill as market executive for the company's reinsurance operations in the Middle East & Africa region, effective 1 January 2013.
Italian motor and property markets offer opportunities, according to new report
Italy stands at the crossroads of economic and social change, and therefore offers interesting opportunities for the insurance industry.
American expansion gathers momentum at BMS following key hire
BMS has moved to further bolster its US reinsurance operation following the appointment of Chuck Hewitt to the joint role of senior producer, executive vice president and member of it stateside leadership team.
Reinsurers more risk-focused after Asian catastrophes
The spate of Asia-Pacific catastrophes in the past two years have prompted reinsurers to take stock of their existing portfolio and re-evaluate their underwriting approach and risk appetite according to Fitch Ratings.
Reinsurers take stock of Asia-Pacific risks
Reinsurers are bracing themselves for the next catastrophe in the Asia-Pacific region following the spate of catastrophes over the last two years, according to Fitch Ratings.
Canopius completes Omega acquisition
Canopius Group has completed its acquisition of Omega Insurance Holdings.
XL makes dual reinsurance promotion
XL’s reinsurance operations has appointed Mark Berry and Paul Simons to senior vice president and managing director, international property & specialty and senior vice president, head of US property treaty, respectively.
Canopius seals Omega deal
Private-equity backed insurer Canopius’s acquisition of Omega has completed today, increasing its annualised premium income to more than £1bn.
Liberty sets sights on specialist risks
Liberty Syndicates is setting up a new underwriting team to focus on specialty products headed up by Peter Smith.
Travelers snaps up Chartis boss for legal role
Travelers has appointed John Abramson to head of legal and compliance for its European businesses.
Amlin reports leap in H1 profit to £184.5m
Amlin has reported profit before tax of £184.5m in the first half of this year compared to a loss of £192.3m in the first half of 2011.
Thai officials confident of securing reinsurance for £1bn flood fund to meet demand
The Thai Office of the Insurance Commission is to seek extra reinsurance from international players to meet demand for the state-owned natural catastrophe fund.
Hannover Re profit soars despite €61m quake loss
Hannover Re has reported a 15.1% improvement in gross written premium for non-life reinsurance to €4.1bn (H1 2011: €3.5bn) compared with the same period last year.
Middle East Blog: Rated or not rated? What is the question?
On a recent visit back home to Malta I was kindly invited to the Malta Insurance Institute's annual general meeting where I had to sing for my supper.
XL group posts $397.8m interim profit
XL Group recorded profit of $397.8m for the first six months of 2012, after a $1.6m loss in the first half of 2011.
Munich Re posts €1.6bn profit for H1
Munich Re posted consolidated profit of €1.6bn for the first six months of 2012, €812m of which derived from the second quarter.
Swiss Re posts 91% drop in net income for Q2
Swiss Re's net income attributable to common shareholders fell by $877m to $83m (2011: $960m) in the second quarter of 2012 owing to a $1bn loss from the sale of the US business Admin Re.
XL underwriting returns to profit
XL's property and casualty business has reported a rise in gross written premium in the first six months of the year to $4.08bn compared with $3.86bn in the same period in 2011.
Aon Benfield director appointed CEO of Willis' Chilean operation
Global broker Willis has appointed Alejandro Vaccaro as chief executive of the company's Chilean facultative reinsurance division.