Reinsurance
Retro demand drives price spike- source
Retrocessional reinsurance pricing is bucking the general softening trend of the (re)insurance market, Reinsurance has learned.
Ironshore starts new excess casualty facilty; hires Piller as president
Ironshore, the Bermudian insurer, said that it has started IronSelect, an excess casualty facility.
Harbor Point applies for FSA branch license - sources
Class of 2005 Bermudian and US reinsurer Harbor Point has applied to the Financial Sercvices Authority for a branch license for Harbor Point Re UK, it's London representative office, Reinsurance understands.
Florida to pay Buffett $224m for $4bn bond option - reports
Florida politicians have turned to Warren Buffett in a deal which will see Berkshire Hathaway commit to buying $4bn in bonds issued by the Florida Hurricane Catastrophe Fund should claims hit more than $25bn this hurricane season, various reports from…
Ariel poaches senior property reinsurance underwriter from Arch
Ariel Re said that it has managed to secure the services of US property reinsurance underwriter Myles Orchard, who comes across from Bermudian reinsurance rival Arch Re.
Ariel Re appoints new chairman
Bermudian reinsurer Ariel Re has appointed George Rivaz as its chairman, while appointing Tom Hulst as his successor as president of the company.
Appointment at Watson Wyatt
Watson Wyatt has appointed Kirsty Gray as a senior consultant in its business development and client...
NFU recruits first CEO outsider in 98 years
NFU Mutual has looked beyond its own ranks for its new chief executive officer for the first time in...
York adjusting boss hints at full Axis acquisition
US claims giant York Insurance Services Group has conceded that it may make its recent association w...
Video - Claims Club Annual dinner and Rising Star Award
If you missed this year's Post Magazine Claims Club annual dinner at Lords cricket ground you can watch some of the highlights now - including the presentation of the Rising Star Award 2008. Watch it now
Softening reinsurance pricing market continuing - Willis Re
Willis Re, the global reinsurance broker, has said that while softening in the reinsurance market continues unfettered, a disparity remains between reinsurance and primary pricing levels.
RAA: US reinsurers produced 93.5% combined ratio in 2007
The Reinsurance Association of America has released figures that show the US-domiciled reinsurance industry returning a 93.5% combined ratio for 2007
Axis Capital appoints chief investment officer
Axis Capital, the Bermudian (re)insurer, said that it has appointed Dean Benner as its chief investment officer, effective immediately.
Ironshore confirms Pembroke agreement
Ironshore has confirmed it has signed a sale and purchase agreement with Chaucer Holdings and the management of Pembroke for the £17m cash purchase of Pembroke Managing Agency, which manages Lloyd's Syndicate 4000.
Ironshore buys into Lloyd's through Chaucer's Pembroke
As predicted by Reinsurance , Lloyd’s insurer Chaucer has announced the sale of its shareholding in Pembroke JV Limited to Bermudian insurer Ironshore for £14.9m ($29.8m) in cash.
Lloyd's insurer in £14.9m disposal
Chaucer has sold its shareholding in Pembroke JV to Ironshore for a cash consideration of £14.9m, subject to a pound for pound adjustment to the extent that net assets at completion differ from £0.5m.
Post Claims Club Annual Dinner
A quick snapshot of what you missed at the Claims Club's annual dinner at Lords cricket ground along ...
Integro, Amber Partners introduce hedge fund investor cover
Integro, the complex risk insurance broker, and Amber Partners (Bermuda), the hedge fund operational due diligence firm, have introduced insurance coverage designed to protect sophisticated investors from hedge fund losses due to fraud, allegations of…
S&P: Montpelier syndicate unlikely to write to 2008 capacity
Ratings agency Standard & Poor's (S&P) has said that it believes Montpelier Re’s Lloyd’s syndicate 5151 is unlikely to write to its full capacity in 2008, due to soft market conditions.
Axis Capital takes Steel from Benfield; will become new chief risk officer
Bermudian (re)insurer Axis Capital has poached senior Benfield figure Michael Steel from the reinsurance broker, the company said in a statement.
Start-up hints at Lloyd's move
An energy and technical lines insurance operation has been launched in the London market with the ba...
Appointment at Lexington
Lexington Insurance Company London has appointed Richard Coombe as its bloodstock underwriting manag...
Private market insured losses limited for US Midwest floods - RMS
Private market insured losses to property may be limited in the Midwestern United States due to a lack of buyers of flood coverage in the affected region, a report from Guy Carpenter has said, quoting a note from Risk Management Solutions.
Benfield to appoint former RenRe president as non-exec
Reinsurance broker Benfield has said it is to apoint William (Bill) Riker to its board from the 1st of September 2008.