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Validus appoints group CRO
Bermudian (re)insurance group Validus Holdings has promoted Romel Salam to executive vice president and group chief risk officer (CRO), with effect from 2 April
08 March 2013
Allianz issues European windstorm cat bonds
German insurance giant Allianz SE has issued EUR155mn and $65mn of European windstorm cat bonds through a newly created EUR1bn shelf vehicle, Blue Fin Ltd, as predicted by The Insurance Insider last month.
07 November 2007
Marsh grows earnings despite falling revenues
Global brokers continuing to toil in competitive post-Spitzer landscape MMC chief executive Michael Cherkasky pointed to the green shoots of recovery in his company’s first quarter results, but it was also apparent that the global brokers are still...
04 May 2006
Colemont placed insurance for Mexico Airbus crash
The London arm of broker Colemont International placed the insurance programme for the Airbus A300 cargo aircraft that crashed on 14 April in Mexico, The Insurance Insider revealed last week.
19 April 2010
Stanford underwriters stand firm
Disgraced financier Allen Stanford has written personally to the US judge presiding over the Stanford Financial Group (SFG) directors' and officers' (D&O) dispute to ask to be allowed his own choice of counsel.
04 June 2010
CNA shares hit following investment losses
US (re)insurer CNA Financial Corporation's share price tumbled last week, as it announced disappointing second quarter results, including net investment losses of $91mn.
06 August 2007
Catlin agrees Wellington takeover terms
The largest Lloyd’s insurer is set to be created following the agreed takeover terms of Wellington Underwriting plc by Catlin Group Ltd, The Insurance Insider can reveal.
30 October 2006
'Disappointment' at failure to meet third quarter ECF targets
The London market has missed its 60 percent third quarter target for usage of electronic claims files (ECF) by 15 percentage points, making the year-end target of 100 percent "more challenging", said the Market Reform Group (MRG) in a statement last week.
22 October 2007
Mexican Wilma losses up to $1.75bn
The Mexican insurance industry association AMIS expects insurers to cover losses of $1.75bn as a result of Hurricane Wilma hitting the country. So far payments and advances of $330mn, or 19 percent of that total, have been made to claimants.
19 December 2005
Everest Re quarterly profits up 50%
In contrast to a number of its Bermudian compatriots, Everest Re has booked fourth-quarter net and operating profits that are significantly higher than in the comparable prior-year periods.
14 February 2011
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