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Transocean decides to retain more risk
Drilling contractor Transocean will increase its level of self-insurance following the huge Deepwater Horizon rig loss in the Gulf of Mexico (GoM) on 22 April, the company revealed.
10 May 2010
ACE savours Brandywine deal
In a landmark sale Randall & Quilter has acquired some $900mn of ACE's asbestos reinsurance book It was brutal, and at times bloody, but 18 months after applying to sell part of its Brandywine legacy exposures to...
07 July 2006
Equitas boosts asbestos reserves by £400mn
Total payouts fall, but shrinking surplus and deteriorating solvency margin as balance sheet weakens
16 June 2003
Swiss Re confirms closure of London fac operations
Swiss Re will stop writing property and casualty (P&C) facultative business from London later this year, The Insurance Insider's sister publication Inside Fac revealed last week.
27 July 2009
Swiss Re and World Bank carve out African weather derivatives contract
Leading global reinsurer Swiss Re has partnered with the World Bank’s International Development Association (IDA) to develop a weather derivatives contract to hedge against loss of maize crops as a result of drought in Malawi.
20 October 2008
Q1 major losses cost Munich Re EUR578mn
Munich Re’s first quarter profits dipped 19 percent as it took a EUR578mn hit in its reinsurance division from the spate of major losses hitting the market in the period.
08 May 2008
Glacier continues growth; plans further expansion
Swiss reinsurer Glacier Re continued to grow in 2007 with an increase in premiums and the launch of its first securitisation.
03 March 2008
Benign season could speed up softening, says Catlin
A benign conclusion to the 2006 hurricane season could speed up the softening market for non-catastrophe exposed property casualty (re)insurance worldwide.
04 October 2006
Solid start for Europeans says Benfield
European reinsurers enjoyed a "solid start" in the first quarter of 2006, underlined by underwriting profits, stronger capitalisation and stable ratings, according to a report from reinsurance broker Benfield.
26 June 2006
Lloyd's may be able to side step RITC burden, says UK Treasury
Lloyd's could admit a new type of member with the ability to build up reserves similar to conventional insurers without resorting to changes in the legislation governing the Corporation, according to the UK Treasury.
06 May 2008
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