February 2007/1

London market bodies reported an "electronic processing surge" and claimed that a quarter of all the market’s premium transactions could be handled by the end of February.

Converium Holdings' chief executive Inga Beale has continued to re-shape the reinsurer's management with the appointment of Benfield Group’s Jakob Eugster.

Reinsurance giant Swiss Re confirmed it has sold its landmark London offices, 30 St Mary Axe, to the property firm IVG Immobilien AG for £600mn under a "sale-and-leaseback" arrangement.

Lloyd's insurer Heritage Underwriting reported a 31 percent increase in its written premium last year.

A US federal judge has ruled that former Gen Re and American International Group (AIG) execs accused of improper finite reinsurance transactions will have to face fraud charges.

Lawrence Hamermesh, a law professor appointed by the Delaware insurance commissioner to examine whether the state should approve Royal & Sun Alliance’s (R&SA) plans to spin-off its run-off US subsidiary...

Bermudian reinsurer White Mountains Re said its net written premiums were down for the final quarter of last year, and flat for the year, as improving rates for catastrophe exposed lines off-set falling markets elsewhere.

US reinsurer Transatlantic Re has reported that the absence of significant catastrophe losses drove it to its "most successful year ever" in 2006.

When the reinsurance brokers published their 1/1 renewals analysis last month the general consensus was of flat-to-downward rating pressures outside of US catastrophe-exposed business, so there should have been little surprise when Munich Re...

Broker PWS Holdings is under investigation by the Serious Fraud Office (SFO) over an alleged $1.6mn Costa Rican reinsurance fraud.

Hannover Re is set to enter a landmark financial transaction that will lay off credit risk on its reinsurance recoverables to the capital markets, a move first revealed by The Insurance Insider in January last year.

The industry continues to count the cost of last month's Windstorm Kyrill with ratings agency Moody's estimating insured losses of up to EUR8bn across Europe.