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Alea reassures on rates
Alea will exit unprofitable business lines but has only seen rate reductions of 2 percent on average this year, the reinsurance group revealed last week in a trading statement that accompanied its annual general meeting.
06 June 2005
Reinsurers’ reluctant to absorb US terrorism risks
Despite US legislation last year mandating insurers to provide compulsory terrorism cover, reinsurance companies appear reluctant to assume any of the new exposure. This was one of the many findings of the ratings agency Moody’s survey into the implementa
02 June 2003
Willis looks to redomicile in Ireland
Global broker Willis has decided to change the domicile of its group holding company from Bermuda to Ireland.
21 September 2009
Catlin on track for full-year forecast despite Q1 claims
Catlin Group Ltd is on track for its full-year forecast, as premium income remains flat in the first quarter of 2008, according to Numis Securities.
19 May 2008
BF Rück no longer in talks with UK run-off firm
The sale of German state-owned run-off group BF Rückversicherung has taken a further twist following news that the joint bid by GLOBAL Rück and Randall & Quilter (R&Q) is no longer being actively considered, The Insurance Insider can reveal.
03 December 2009
AIG: premiums grow but finite probe casts pall on good news
World’s largest insurer AIG said last week that its fourth quarter results included a net post-tax charge of $126.9mn, or $0.05 per share, in connection with late reported losses from hurricanes and typhoons in the third quarter.
14 February 2005
Xchanging bullish with (re)insurance wins
Outsourcing specialist Xchanging has said that revenue growth during the four months ending 31 October has been ‘slightly ahead’ of the board’s expectations in a bullish interim management, despite being ruled out of the bidding for the Lloyd’s messaging
12 November 2008
Dodd Bill could have big implications for (re)insurers
While the financial reform bills being discussed by US Congress are centred around banking regulation, (re)insurers also have a lot riding on the fate of the confrontational legislation.
07 May 2010
Insurers settle WTC claims, but disputes grind on
Seven insurers reached a $2bn settlement with World Trade Center (WTC) developer Larry Silverstein last week bringing to an end more than five years of litigation between the parties.
29 May 2007
Glacier Re takes $71mn hurricane losses; offers bullish outlook
Swiss-based (re)insurer Glacier Group says it expects gross claims before reinsurance from Hurricanes Gustav and Ike of $6mn and $65mn respectively, based on industry loss estimates of $5bn for Gustav and $16bn for Ike.
17 November 2008
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