Reinsurance
Argo swings to $52m net income for 2012
International specialty insurer and reinsurer Argo has reported post-tax income of $52.3m for the year ending 31 December, recovering from a loss of $81.9m in 2011.
Market moves: Brokers lead recruitment drive with major hires at Reich, Russell Scanlan and RFIB
The recruitment space belonged to broking this week, with Reich, Russell Scanlan and RFIB all recruiting senior staff. Reich welcomed a new head of group operations, while Russell Scanlan and RFIB added directors to their respective teams. Meanwhile,…
Cunningham Lindsey director Jonathan Clark departs to join Scor
Cunningham Lindsey UK technical director Jonathan Clark has left the recently recapitalized loss adjuster to join French reinsurance group Scor.
UIB recruits former JLT partner Scott
Reinsurance broker United Insurance Brokers has swooped to appoint JLT London partner Richard Scott to head up marketing and business production.
Former Lockton International CEO Julian James returns with Allied World
Former Lockton International chief executive Julian James is to return to the market as European president of Swiss insurer and reinsurer Allied World.
Munich Re profit quadruples in 2012 to €3.2bn
Munich Re’s preliminary figures show a profit of €3.2bn for 2012 (2011: €0.71bn).
Munich Re profit quadruples in 2012 to €3.2bn
Munich Re’s preliminary figures show a profit of €3.2bn for 2012 (2011: €0.71bn).
Dual partners with Everest Re on international D&O programme
In partnership with Everest Reinsurance Company, Dual Specialty Underwriters has launched an international directors’ and officers’ programme aimed at foreign companies listed on US securities markets through American Depository Receipts.
Dual partners with Everest Re on international D&O programme
In partnership with Everest Reinsurance Company, Dual Specialty Underwriters has launched an international directors’ and officers’ programme aimed at foreign companies listed on US securities markets through American Depository Receipts.
Argo poaches Aon's marine claims director
Argo today unveiled Robert Dobson as its new marine claims manager.
BLD appoints new partner in Munich
German law firm BLD Bach Langheid Dallmayr has appointed Joachim Krane as new partner as of 1 February 2013.
Willis: Cat bonds hit a new high in 2012 with 37% increase
Last year saw the second highest level of catastrophe bond issuance on record signalling strong growth in the market, according to Willis Capital Markets & Advisory.
Ace reports 76% rise in net income
Ace has reported a 76% increase in net income to $2.71bn (£1.72bn) in 2012 compared to the previous year (2011: $1.54bn).
XL appoints Brazil Re boss
Dublin-based insurer and reinsurer XL has promoted its senior underwriter in Argentina to a new role heading up Brazilian reinsurance operations.
Outlook for global reinsurers stable but pricing to stagnate, says Fitch
The outlook for the global reinsurance sector remains stable, as capital, underwriting and operating trends are expected to support reinsurers' ratings over the next one to two years, according to Fitch.
Am Best affirms Swiss Re rating
Swiss Re's A+ financial strength rating and issuer credit ratings of ‘aa‘ have been affirmed by AM Best.
Swiss Re splits agriculture and aviation divisions
Swiss Re is to separate its agriculture and aviation divisions as part of a reorganisation of its special lines.
Swiss Re reorganises special lines
Swiss Re is to separate its agriculture and aviation divisions as part of a reorganisation of its special lines.
Bahrain sees 9% jump in premiums in Q3 2012
The Central Bank of Bahrain has announced that the local insurance market posted growth during the third quarter of 2012, with gross premiums increasing by 9% over the same period of 2011 to register BD184.11m (£307.85m) by the end of September 2012.
Aon launches weather reinsurance product
Aon Benfield has launched a weather reinsurance product that offers protection against adverse weather losses in the UK.
Singapore edges closer to contract certainty
The Contract Certainty Working Group met this week to discuss guidelines for the Singapore Reinsurance Market Contract Certainty initiative.
XL appoints new UK general manager
XL Group has appointed Marcus Gonzales as general manager of the UK branch and head of international casualty in London.
Insurers must back renewable energy, says Swiss Re
The insurance industry can provide key support to the development of renewable energy solutions and the mitigation of climate change, according to Swiss Re.
Weathering the growing subsidence risk
Subsidence is increasingly frequent and research shows that, with climates getting hotter, this is only going to continue. Edmund Tirbutt looks at how the market covers subsidence and whether it will continue to do so.