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Clarke steps down from Converium
Terry Clarke has confirmed he will step down from Converium’s board of directors at the company’s AGM on 11 April. Clarke was appointed interim CEO in February 2005 to steady the ship following the ousting of Dirk Lohmann over the company’s much...
13 March 2006
Aon77 awaits verdict
Judgment to examine whether excess of loss reinsurers can expect a 'duty of care' from direct insurers
15 March 2004
Foreman steps down at Wellington
Lloyd’s insurer Wellington Underwriting plc has announced the retirement of its chief underwriting officer David Foreman in a statement to the London Stock Exchange this morning (6 March 2006).
06 March 2006
Foreman steps down at Wellington
Lloyd’s insurer Wellington Underwriting plc has announced the retirement of its chief underwriting officer David Foreman in a statement to the London Stock Exchange this morning (6 March 2006). Wellington said Foreman will step down from the board...
06 March 2006
CIGNA takes further $300mn on VADBE exposures - Reinsurance legacy continues to haunt…
CIGNA’s inability to hedge its exposures to variable annuity death benefit contracts (VADBEs) have cost the embattled US health insurer a further $300mn.
21 July 2003
Liquidity concerns a hardy perennial at Fairfax
Q2 results re-ignite old arguments between Fairfax bulls and bears... Analysts have again drawn sharply opposing conclusions about the liquidity of Canadian financial services holding company Fairfax Holdings after it published its Q2 2004 results.
01 August 2004
SCOR strikes back at Fitch downgrade
Acrimony between reinsurers and rating agencies flared again last week when embattled French reinsurer SCOR commented that its latest downgrade by Fitch Rating was “unfounded, ill-timed and causes serious damage to the Company”.
24 November 2003
JLT disbands ART unit; enters staff consultation
Jardine Lloyd Thompson Group plc (JLT) has disbanded its Risks Finance business which provided alternative risk transfer products and looks set to part company with the unit head John Lobek, Insider Week can reveal. The move appears to be the latest co
18 April 2006
Moody rating angers Hannover Re
Despite publishing an improved outlook, Moody’s was again on the receiving end of criticism from Hannover Re, last week.
27 October 2003
US Property premiums fall, says Aon report
Premiums for US commercial property insurance have fallen by an average of 10 percent in the past year, according to broker Aon's first US property report for 2004.
26 April 2004
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