Reinsurance
Haircut on bonds could be absorbed by European insurers
A 50% haircut on Greek, Irish and Portuguese sovereign bonds could be absorbed into European insurers’ existing capital resources, according to Swiss Re’s senior economist.
Swiss Re warns of low profits for 2012
Swiss Re’s economists say the insurance industry will not pick up until after 2012.
Simmons & Simmons expands insurance team
Law firm Simmons & Simmons has added insurance partner Pollyanna Deane to its corporate and commercial group in London.
Market moves: Fresh faces for underwriters
As the industry heads into December, underwriting agencies and insurers lead the way in the job market. This week saw major moves at Chubb, More Than and Travelers, while Evolution, Arista and Ink all welcomed new staff. It was another slow week for…
Former Aon UK boss Mahoney takes chair role and invests in analytics firm
Former Aon UK boss and past winner of the British Insurance Awards Achivement gong Dennis Mahoney has been appointed chairman of Sciemus, the analytics and modelling company.
Sciemus recruits former Aon Group chairman
Modelling company, Sciemus, has appointed insurance industry veteran Dennis Mahoney as its new chairman.
Post magazine – 1 December 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Hendrick to lead XL insurance arm
Greg Hendrick is set to replace Dave Duclos as chief executive of XL’s insurance unit.
Montpelier: Reinsurance rates likely to rise
The reinsurance industry has suffered an “unusually high frequency” of international catastrophes and rates could rise by 10% next year, according to Montpelier boss Tim Aman.
Omega seeks clarification over Haverford bid as deadline approaches
Lloyd's insurer Omega has admitted that bidder Haverford is considering cutting its offer for 25% of the business.
US reinsurers report worsening COR
The Reinsurance Association of America has reported that 19 US property-casualty reinsurers wrote $18.3bn of net premiums during the nine-months ended 30 September 2010 compared to $18.7bn for the same period in 2009.
Howden announces two new hires
Howden Insurance Brokers has appointed Karen Kutger and Dawn Sequeira to its wholesale and reinsurance division.
Antares’ ceded reinsurance appoints head
Specialist Lloyd’s insurer Antares has named Richard Anson as head of ceded reinsurance.
Editor's comment: Knowledge swap shop
The first of many: that appears to be the over-riding theme of this week’s insurance market developments. First we had the groundbreaking strategic partnership struck between Catlin and China Re, in a move both parties expect will prove extremely…
Catlin and China Re deal predicted to be catalyst for Lloyd’s investment
The “landmark” strategic partnership between Catlin and China Re is expected to be a catalyst for a boom in Lloyd’s investment from insurers in emerging economies.
Perkins Slade rings the changes
Despite a relatively quiet quarter for broker recruitment, Perkins Slade named three new directors this week. The intermediary was not the only firm making changes, with Jelf and Willis also naming new starters. Among insurers I was a bust seven days for…
Marine - Post-IUMI: High seas scrutiny
The recent International Union of Marine Insurance conference underlined the escalating piracy problem and tasked underwriters with delivering a cargo-specific solution.
Post Intelligence Benchmarking - Loss adjuster insight: Hitting the bullseye?
Insurance 360 takes another look at the performance of loss adjusting firms to reveal who is performing well and who needs to raise their game.
Lloyd's insurer Brit appoints Evercore to sell £150m UK arm
Dutch insurance group Brit is looking to close the first round bidding process for its UK retail arm this week, Postonline has learnt.
Post magazine – 24 November 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Catlin and China Re deal predicted to be catalyst for Lloyd’s investment – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including how industry experts believe the landmark partnership between Catlin and China Re will be a catalyst for a boom in Lloyd’s investment from insurers in emerging…
AM Best assigns “A-“ ratings to Garant Versicherungs
Ratings service AM Best has assigned a financial strength rating of “A-“ (Excellent) and an issuer credit rating of “A-” to Garant Versicherungs-Aktiengesellschaft.
Swiss Re announces delisting of outstanding shares
Swiss Re has announced the delisting and squeeze out of outstanding shares in Swiss Reinsurance Company Ltd.
Catlin and China Re deal predicted to be catalyst for Lloyd’s investment
The “landmark” strategic partnership between Catlin and China Re is expected to be a catalyst for a boom in Lloyd’s investment from insurers in emerging economies.