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Highlands scheme approved
A scheme of arrangement for insolvent UK insurer Highlands Insurance Company (HUK) has become effective.
07 September 2009
Alea falls to heavy loss on investments
Run-off (re)insurer Alea Group booked a net loss of $44.7mn in the first six months of 2009, compared to the small profit of $819,000 in the first half of 2008.
07 September 2009
Fac Pool Re drives peril diversification
Hannover Re continued its pioneering ILS legacy with the launch of its $60mn sidecar-style vehicle Fac Pool Re - the first dedicated, securitised facility for facultative exposures.
07 September 2009
ICAP closes UK reinsurance joint venture firm
Disappointing trading volumes in insurance-linked derivatives have pushed the world's largest interdealer broker ICAP plc and insurance intermediary JLT to close their joint venture vehicle, ICAP-JLT Ltd.
07 September 2009
Costa Rican controversy resurfaces in $1mn 'overpricing' dispute
Controversy has emerged once more over the reinsurance of major Costa Rican reinsurance covers placed in the London market, with allegations of 'overpricing' in local news media.
07 September 2009
Global reinsurance body launched at Monte Carlo
An 11-strong group of reinsurers containing eight of the top ten global reinsurance groups and Lloyd's of London has used the Rendez-Vous to launch a worldwide body to represent the industry with a unified voice.
07 September 2009
Swiss Re credit shrinkage presents opportunity for bold reinsurers
For reinsurers willing to bet on a sustained global economic recovery, the opportunities afforded by a genuine hard market and capacity squeeze in the credit and surety reinsurance market are compelling, according to senior market figures gathered in Mont
07 September 2009
US cat rates predicted to fall; M&A and capital management high on agenda
Softening rates, capital management and M&A are set to emerge as strong themes as reinsurance delegates fight for space at the cafés and hotel lobbies of Monte Carlo this week.
07 September 2009
Reinsurers to face growing competition from ILS in 2010
Despite little shortage of traditional reinsurance capacity, the talk in Monte Carlo this week will be of the likelihood of growing competition from insurance-linked securities (ILS) in 2010.
07 September 2009
Duperreault says new approach needed on disclosure
While MMC would welcome a formal 'sun-setting' of the so-called Spitzer agreements that included the ban on contingent commissions, president and CEO Brian Duperreault said he would welcome further guidance from US regulators.
07 September 2009
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