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FAConnect trades on Lloyd's Exchange
Aon Benfield's facultative electronic trading portal FAConnect has been integrated with the Lloyd's Exchange, allowing users to transmit messages directly to syndicates
13 September 2010
Ex-Benfield chairman sinks £1mn into Omega
Quoted Lloyd's carrier Omega Insurance Holdings has received a twin boost with the news company chairman John Coldman has invested £1mn of his own money in the company while AM Best has lifted its negative watch.
13 September 2010
M&A buzz growing
Merger and acquisition (M&A) activity will continue to rise in the coming year, Aon Benfield tipped in its 2011 Reinsurance Market Outlook report, released yesterday (12 September) at the Monte Carlo Rendez-Vous.
13 September 2010
Lloyd's: ‘big queue’ of entrants in Lime Street
Lloyd's has confirmed there is a long line of aspiring entrants into Lime Street, proving that its popularity for accessing business remains undimmed despite tough market conditions.
13 September 2010
Glacier Re CFO quits after reinsurer is placed into run-off
Glacier Re's CFO and COO Glenn Campbell has resigned a fortnight after the reinsurer revealed it had placed itself in run-off, with chief risk officer Andreas Zdrenyk appointed as his replacement.
13 September 2010
Reinsurance rate softening to continue
Reinsurance rates will continue to soften in 2011 but at a slower pace than this year, according to a report by Aon Benfield released on Sunday (12 September).
13 September 2010
Scor in EUR150mn contingent capital deal
Scor has struck a contingent capital deal with UBS that allows the French reinsurer to raise up to EUR150mn in equity capital if certain natural catastrophes occur over the next three years.
13 September 2010
AM Best gives reinsurers a stable outlook amid pricing pressure
Ratings agency AM Best says the outlook for reinsurers is stable, with the industry showing strong performance and capitalisation overall.
13 September 2010
Perils increases Xynthia loss estimate
European catastrophe loss aggregator Perils has modesty increased its loss predictions for Windstorm Xynthia by EUR20mn to EUR1.3bn, as it provided the first granular breakdown of losses from a European windstorm
13 September 2010
Reinsurance sector is victim of own success: ratings agencies
The reinsurance industry's resilience in weathering the financial crisis has produced a glut of capacity, three major ratings agencies have said.
13 September 2010
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