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Charles Taylor H1 profits up; cuts Axiom headcount by 10 percent
UK insurance services provider Charles Taylor Consulting (CTC) posted a pre-tax profit of £5.6mn for the first six months of the year, compared to £5.2mn in H1 2008, as total revenues climbed to £45.8mn.
28 August 2009
IAIS says ILS likely to grow at expense of traditional reinsurance
The International Association of Insurance Supervisors (IAIS) said that despite the problems thrown up in the wake of the Lehman Brothers collapse, the insurance-linked securities (ILS) market is likely to keep developing.
28 August 2009
Ariel Re hits sweet spot in H1
Class of 2005 (re)insurer Ariel Re continued the positive theme for international (re)insurers as it unveiled bumper H1 results this week.
28 August 2009
Dinallo confirms preparations to run for AG
The former New York superintendent of insurance, Eric Dinallo, has confirmed that he is gearing up for a run at the position of state attorney general.
28 August 2009
Marsh: competition still driving down European rates
While rising claims notifications are increasing pressure on rates across Europe and the Middle East and Africa (EMEA), competition between carriers and abundant capacity are still the main downward drivers for rates in most markets, according to Marsh.
28 August 2009
London to host pre-Monte Carlo event; over 300 executives to attend
As the reinsurance industry prepares for its annual pilgrimage to Monte Carlo next month, over 300 executives will gather in London to debate and examine market conditions on the eve of the Reinsurance Rendez-Vous.
28 August 2009
Swiss Re continues disposals with CyberComp sale
Swiss Re has continued shedding non-core assets with the sale of its CyberComp workers' compensation unit to AmTrust Financial Services.
28 August 2009
RFIB harvests ex Benfield execs for new Australian energy office
Lloyd's (re)insurance broker RFIB has broadened its energy offering with a new office, RFIB Energy Australia, which will be headed by former head of Benfield Corporate Risk’s Perth office, Simon Race.
28 August 2009
HCC wins Syndicate 4040 auction
International specialty (re)insurer HCC Insurance Holdings has succeeded in a knock-out bid for the remaining third-party capacity on its £54mn Lloyd's Syndicate 4040.
28 August 2009
Ariel Re to write credit reinsurance; opens Swiss office
Apart from revealing stellar results this week, Bermudian reinsurer Ariel Re announced it is to open a branch office in Zurich to write global credit and surety reinsurance from the 2010 renewal season.
28 August 2009
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