Reinsurance
Integro hires Moores and Rolfe to lead aviation practice
Integro has said that it has promoted Patricia Moores and Terry Rolfe as co-leaders of the firm’s aviation practice.
Swiss Re America appoints Walter Bell as chairman
Swiss Re has appointed current Alabama insurance commissioner Walter Bell as chairman of its US unit, Swiss Re America.
Flagstone Re restructures global operations
Flagstone Re has said that it will restructure its global reinsurance operations by merging its two wholly owned subsidiaries, Flagstone Reinsurance of Bermuda and Flagstone Réassurance Suisse SA into one operating platform which will be Flagstone…
Tropical storm Fay to slam Florida coastline
Tropical storm Fay could slam the Florida coastline as soon as Monday night, the National Hurricane Centre has warned.
Tropical storm warning for Florida as Fay closes in
Tropical storm Fay could hit the Florida coast as soon as Monday night, the US National Hurricane Centre has said.
Flagstone to enter Indian primary market
Flagstone Reinsurance Holdings Ltd plans to enter the primary insurance market in India within a year.
AM Best withdraws ratings of RenRe sidecar
AM Best has withdrawn the issuer credit rating of “a” of Starbound Reinsurance II Limited (Bermuda).
Validus sees GWP rise
Validus, the Bermudian reinsurer, said gross premiums written for the first half of the year increas...
Reinsurer sees profit dip
Munich Re has reported a drop of first half profits of nearly 35%, impacted by decreasing insurance ...
The final blow
Mapping and Modelling: Hurricanes
Hannover profit down 14%
Hannover Re said first half operating profit fell by more than 14% to EUR400.2m (£313.4m), down from...
Berkshire's earnings fall
Berkshire Hathaway has reported net earnings of $2.88bn (£1.5bn) in the second quarter of 2008, comp...
Broker revenues up
Marsh and McLennan's risk and insurance businesses recorded revenue of $1.4bn (£736m) in the second ...
Appointment at Aegis
Aegis London has made two appointments: Ruth Kenworthy, hired as internal audit and risk officer; an...
Benfield revenues down 4%
Benfield Group has reported revenue down 4% to £233m for the first six month of the year compared to...
Former Arch CEO to head White Mountains Re in Bermuda
Dwight Evans will become president and chief executive officer of White Mountains Re's Bermuda-based subsidiary, White Mountains Re Underwriting Services Ltd, subject to the approval of Bermuda's immigration authorities.
Prudential settles “sham reinsurance” lawsuit with SEC
Prudential Financial has agreed to settle a lawsuit by the US Securities and Exchange Commission alleging that it improperly reported more than $200m in income through sham reinsurance contracts with General Reinsurance Corp.
Berkshire Hathaway earnings drop 7.6%
Berkshire Hathaway has reported net earnings of $2.88bn in the second quarter of 2008, compared to earnings of $3.12bn in the second quarter of 2007.
AIG CEO won't rule out capital raise as shares plummet
(BESTWIRE) As they announced a third consecutive quarterly loss, the leadership at AIG would not rule out the possibility of a capital raise during a conference call to discuss the company’s second-quarter earnings Reinsurance reports.
Talbot addition helps Validus H1 net income soar
Validus, the Bermudian reinsurer, said that second quarter net income rose to $75.9m, compared with $70.8m in the sme period of 2007. Net income for the first half of the year was $142.4m, compared with $127.5m for the corresponding period in 2007.
Moody's gives A3 IFS rating to Validus Re
Moody's Investors Service has assigned an A3 insurance financial strength (IFS) rating to Bermuda-based reinsurer Validus Re.
Risk managers may have to adjust strategy after credit crunch havoc
Insurers and reinsurers may have to adjust their risk strategy in the coming months as investment gains are unlikely to provide the buffer on which some companies have relied on for their earnings, according to Guy Carpenter.
Pehrson joins Aon Re Global
As revealed by Reinsurance Magazine in early July , Christer Pehrson has left his post as managing director of Guy Carpenter in New York to join Aon Re Global as executive director.
Hannover Re's H1 operating profit down over 14% after €130m charge
Hannover Re, the Germany-based reinsurance giant, said that first half operating profit fell by over 14% to €400.2m, down from €467.7m after taking a €130.3m writedown on securities.