News/Reinsurance
Cigna accused of breaking law.
US giant AIG is suing Cigna and a former subsidiary INA, claiming they broke California law by estab...
Spratt Insurance joins Open and Direct.
Belfast financial services firm Open and Direct has reeled intermediary Spratt Insurance into its em...
Support for Names shows at Lloyd's elections.
Elections to the Council of Lloyd's have revealed support for the continued existence of Names, it i...
Lloyd's Council election results
Graham McKean, chairman of Ballantyne, McKean & Sullivan and Paul Archard, managing director of PXRe ...
Reliance settlement.
New York-based Reliance Group has reached a legal settlement with insurance and reinsurance companie...
Internet to put jobs on the line.
Most life offices expect the Internet to totally transform the way they do business and result in wi...
Chatset forecasts Lloyd's losses
Lloyd's is unlikely to return to a reasonable profit until 2002-03 and faces a loss of almost £500m (...
Brit details succession
Brit Insurance Holdings, the specialist Lloyd's insurer and reinsurer has appointed Jo Welman as its ...
Bell & Clements goes provincial.
Lloyd's broker Bell & Clements has moved into the UK provincial market with the acquisition of busin...
Forecasters predict less hurricane activity.
US reinsurers can look forward to less hurricane activity this year than last if the early forecasts...
American Re secured against cats.
American Re Securities has closed a $182m issue of catastrophe-related securities to protect America...
Max Re seeks capitalisation to open in Bermuda.
A new Bermudian reinsurer, Max Re, was due to be capitalised late last month, ready to start writing...
Ren Re and Overseas.
Bermudian reinsurers Overseas Partners and Renaissance Re have gone into partnership to underwrite p...
Paying for inattention.
In the light of Aneco Re v Johnson & Higgins, John Butler considers a broker's liability for breach of duty.
RAA admits brokers.
The Reinsurance Association of America (RAA) has voted to allow reinsurance brokers as affiliated me...
One of a kind.
Lloyd's may only have one captive so far, but it is adamant that its unique advantages mean that more will soon follow. David Fanning reports.
Third for Hannover.
Hannover Re has completed a third securitisation of life and health reinsurance business worth EUR50...
Benfield Greig buys US broker Bates Turner.
UK reinsurance broker Benfield Greig was expected to buy US reinsurance broker Bates Turner Internat...
US chief for Tempest.
Tempest Re, the catastrophe reinsurance arm of Bermuda's Ace Group, has appointed Jacques Bonneau to...
Benfield buys Bates.
Reinsurance and financial services group Benfield Greig is set to acquire Bates Turner Intermediarie...
Appointment at William M Mercer.
Sandra Campbell has joined William M Mercer in London as a European partner within its human resourc...
Hannover Re set for record results
Strong growth in Hannover Re's life and health and financial reinsurance business, and its acquisitio...
Motor rates higher.
Motor insurance, especially vehicle fleets, as well as commercial satellite insurance and retrocessi...
Penny Black's insurance week.
At AIRMIC's 36th annual dinner at the Royal Lancaster Hotel last week, Jonathan Bloomer, deputy grou...