Reinsurance
Reinsurers showing resilience under weight of catastrophes
The top 50 global reinsurers' financial positions coming out of 2011 shows the sector's resilience through one of the costliest catastrophe years in history, according to a report by AM Best.
Former Marsh CEO Carnegie-Brown joins Aon
Aon UK has appointed has Bruce Carnegie-Brown as non-executive chairman, subject to FSA approval.
DAC Beachcroft unveils Scottish practice
DAC Beachcroft and Scottish insurance legal practice Andersons Solicitors have merged to form DAC Beachcroft Scotland.
Interview: Carl Beardmore - from vision to fruition
BMS chief executive Carl Beardmore believes he is on track in transforming a broker that was 'flat lining' into a company generating more than £100m a year.
Aspen recruits five MDs in management restructure
Aspen Re has appointed five new regional managing directors and three global product leaders as part of a management reshuffle.
Catlin Re Switzerland promotes Eugster to chief underwriting officer
Catlin Group has appointed Markus Eugster as chief underwriting officer for Catlin Re Switzerland.
Canopius bounces back with 87% COR and £33m shareholder profit
Specialist insurer Canopius has posted an improved combined operating ratio of 87% for the first six months of the year, 38% better than last year.
Marsh moves in with Mercer in 'iconic' Glasgow building
Marsh has reloctated its Glasgow operations to HFD Group's G1 office building on George Square.
Catlin Re Switzerland names Eugster as CUO
Markus Eugster has been promoted to chief underwriting officer for Catlin Re Switzerland.
Reinsurers to diversify more cautiously after 2011 cat losses
Reinsurers should tread with caution when looking to diversify their operations as increased exposure in natural-catastrophe prone regions could leave them open to large losses, Standard and Poor’s said today.
Credit pressures yet to trigger flight to quality among reinsurance cedants
Insurers are yet to flock towards the highest rated reinsurers despite challenges facing the reinsurance industry, according to Standard & Poor's.
Elite targets £3m premium with solicitors' PI proposition
Legal expenses provider and general insurer Elite Insurance has extended its specialist portfolio of services for the legal sector by launching professional indemnity insurance for solicitors.
Reinsurer capital tops $480bn, says Aon Benfield
The broker estimates that total capital for the global reinsurance industry reached record levels at the end of June 2012.
RBS' Van Saun joins Lloyd's Franchise Board
Lloyd's has appointed Bruce Van Saun to independent non-executive director on the Lloyd's Franchise Board.
Ergo at centre of further scandal over staff "rewards"
Munich Re owned primary insurer Ergo is once again courting controversy after reports that the firm paid for employees to visit a swingers' party in Jamaica and a brothel in Spain.
ANV Syndicate 1891 launches accident and health division
ANV Holdings' newly acquired Syndicate 1861 has opened an accident and health business just eight days since acquiring the Lloyd's business from Flagstone Re.
US property and catastrophe insurers to sustain largest Hurricane Isaac losses
Primary insurers including Liberty Mutual Group are likely to bear the brunt of any insured losses arising from Hurricane Isaac, Fitch Ratings has claimed.
Join Allianz, Groupama and Miller in 2012 insurance football tourament
The Prince's Trust is today calling on insurance companies to help tackle youth unemployment by taking part in the charity's annual fundraising football tournament.
Cat bonds and sidecars favoured over traditional reinsurance, Fitch finds
Fitch Ratings has revealed that capital market alternatives to reinsurance from sources such as catastrophe bonds, collateralised quota-share reinsurance vehicles, and other risk transfer structures represent an increasingly viable alternative to…
Swiss Re unveils new Middle East and Africa boss O'Neill
Swiss Re has appointed Frank O'Neill as market executive for the company's reinsurance operations in the Middle East & Africa region, effective 1 January 2013.
Italian motor and property markets offer opportunities, according to new report
Italy stands at the crossroads of economic and social change, and therefore offers interesting opportunities for the insurance industry.
American expansion gathers momentum at BMS following key hire
BMS has moved to further bolster its US reinsurance operation following the appointment of Chuck Hewitt to the joint role of senior producer, executive vice president and member of it stateside leadership team.
Reinsurers more risk-focused after Asian catastrophes
The spate of Asia-Pacific catastrophes in the past two years have prompted reinsurers to take stock of their existing portfolio and re-evaluate their underwriting approach and risk appetite according to Fitch Ratings.
Reinsurers take stock of Asia-Pacific risks
Reinsurers are bracing themselves for the next catastrophe in the Asia-Pacific region following the spate of catastrophes over the last two years, according to Fitch Ratings.