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Platinum profits surge
First quarter profits at Platinum Underwriters have soared by more than 40 percent on the comparable prior-year period.
28 April 2008
Suncor brings fresh misery for energy reinsurers
New Year optimism from reinsurers was probably diminished by news of the Suncor Energy loss - which introduced a fresh energy catastrophic loss only months after Hurricane Ivan tore through the Gulf of Mexico devastating oil platforms.
01 February 2005
Royal Palm future in doubt after $28mn arbitration defeat
The future of Royal Palm Insurance is in doubt after it emerged the Floridian homeowners' insurer lost a $28mn arbitration to its founder and former state senator Wallace "Locke" Burt and his MGA Security First Managers.
01 November 2010
Allianz on the march as Dresdner recovery continues
German giant Allianz shrugged off the impact of US hurricane losses to more than double net profit for the first nine months of the year from €732mn last year to EUR1.8bn, with contributions across the board – including once-ailing Dresdner Bank, which co
15 November 2004
Reserve releases 'not sustainable'
The double digit reserve releases reported by a number of Bermudian (re)insurer's in 2007 are unlikely to continue, according to a report by ratings agency AM Best.
06 May 2008
Novae pulls out of Chaucer talks
Lloyd’s insurer Novae Group has pulled out of merger discussions with rival Chaucer Holdings.
11 March 2009
Europe gets serious on collateralisation
After protracted negotiations, the stakes are being raised in the dispute over the requirement for non-US, or alien reinsurers, to stump up onerous collateral payments for business written in the states.
21 June 2005
New York begins $1bn Midland auction
New York insurance authorities have issued a draft request seeking bids from private investors to buy insolvent Midland Insurance Company in order to speed up the distribution of its assets.
10 March 2009
News in brief
Market Reform Group rebrands; HCC Insurance Holdings forms Texas Regional Surety Office; AM Best withdraws ratings of White Mountains Re Bermuda; FSA chairman outlines factors for successful European regulation...
12 October 2009
Swiss Re chairman resigns; former CEO Kielholz steps up
Regime change continues at Swiss Re with the resignation of chairman Peter Forstmoser just weeks after the troubled reinsurance giant replaced its CEO.
09 March 2009
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