Reinsurance
American broker blames barriers to entry for lack of interest in London
Reinsurance broker Tiger Risk Partners UK has claimed to be the first US-owned broker to set up a London office since 2003, blaming the lack of interest on the UK’s “significant barriers to entry”.
Editor's comment: Overcoming the barriers
If there’s one thing we can say for sure this week, it’s that the latest round in the subrogation set-to over disputed motor repair bills will not be the last.
Lloyd's to only take on "inherently profitable" business plans
Lloyd’s has denied coming down harder on underwriters to write reasonably priced risks but admitted it will be more difficult to convince the market of profitable business plans.
Lloyd’s announces £697m interim loss
Lloyd’s made an interim loss before tax of £697m for the six-month period ending 30 June 2011, in what is already likely to be the second most expensive year ever for insurers.
Flat rates expected in Europe after Monte Carlo meet
Securities and investment banking firm Jefferies anticipates flat rates for Europe next year.
AM Best receives European credit approval
AM Best Europe has received formal notice of registration as an approved European credit rating agency under the Credit Rating Regulatory Regime of the European Union.
View from the top: Business as usual
In May, when I last wrote this column, all eyes were on mid-year reinsurance renewals given the pummelling that the year’s natural catastrophes had already delivered to reinsurers.
IMIA 2011 preview: Setting the agenda
With Amsterdam playing host next week to the 44th International Association of Engineering Insurers annual conference, IMIA chairman Neil Clutterbuck previews the event.
Zurich appoints new CFO
Global insurer Zurich has appointed Pierre Wauthier as Chief Financial Officer and member of the group executive committee, effective 1 October 2011.
Post Magazine - 15 September 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
MoJ to split referral ban enforcement role - Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including confirmation from the Ministry of Justice that the government’s proposed ban on referral fees is unlikely to be centrally administered, and instead enforced by…
Argo International adds new non-executive board members
Specialty (re)insurer Argo International holdings has appointed Thistle director Peter Burrows and legacy specialist Phillip Grant as non-executive members of the board of Argo managing agency, which trades as Argo International.
Exposure to sovereign debt could led to more downgrades
A worsening of the economic or investment landscape could result in an increase in negative outlooks or downgrades for insurers and reinsurers operating in Europe a report has found.
Perils says cat total exceeded $2.5bn
Zurich-based European catastrophe insurance data group Perils has revealed that its industry loss index since the beginning of 2010 has exceeded $2.5bn.
Willis warns rates may not harden
Broker Willis has warned that the soft reinsurance market that has persisted since 2004 could become the norm without further catastrophes forcing rates to harden.
Aon Benfield says reinsurers are ready
Aon Benfield says modest additional insured catastrophe events in 2011 will leave reinsurers with sufficient capital to meet the demands of insurers.
Hannover Re: rates and demand to rise
Hannover Re said it expected heavy losses from natural catastrophes to mean the widely varying market hardening observed across the board in previous renewal phases to be sustained.
Swiss Re: low interest worse than cats
Three years of record low interest rates were a bigger shock for the reinsurance industry than recent natural catastrophes, Swiss Re has claimed.
Tawa acquires Chiltington
Run-off provider Tawa has entered into a share purchase agreement to acquire Hamberger Internationale Ruckversichrung, the holding company for the Chiltington group of companies.
Reinsurers' capital recovers after cat losses
Total global reinsurer capital for the world’s 28 leading reinsurers has reached $445 according to the latest market figures.
Reinsurers stage Q2 fightback following cat losses
Total global reinsurer capital reached $445bn at the end of June, according to an Aon Benfield report analyising the financial position of the world’s 28 leading reinsurers.
Tawa acquires Chiltington
Tawa has entered into a share purchase agreement to acquire Hamburger Internationale Ruckversicherung, the holding company for the Chiltington Group of companies.
Monte Carlo Rendezvous: A year of catastrophes
2011 has seen a series of serious natural catastrophes follow fast on those of 2010. How will this shape debate next week at Monte Carlo?
Post Magazine - 8 September 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.