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Taylor to stay at Montpelier until 2009
Bermudian reinsurer Montpelier Re Holdings Ltd has extended the employment contract of its founding chairman and chief executive Tony Taylor until 2009, it confirmed last week.
26 November 2007
Aon Re Global Fac launches dedicated residual value centre
Aon Re Global Fac is to launch a dedicated residual value insurance division.
26 November 2007
Ri3K streamlines prices
London-based electronic trading platform Ri3K is streamlining charges for its services in response to "market criticisms" over the firm's pricing structure.
26 November 2007
California hit by fresh wildfires
For the second time this year wildfires have forced thousands of Californians to evacuate their homes.
26 November 2007
Beazley and Hiscox make moderate buybacks
Lloyd's insurers Beazley Group plc and Hiscox Ltd disclosed moderate share buybacks last week, continuing the trend in the (re)insurance sector for the repatriation of capital to shareholders.
26 November 2007
D&O rates predicted to fall a further 10 percent
Directors' and officers' (D&O) rates are predicted to fall by a further 10 percent in the final quarter of the year, according to a survey by broker Willis Group.
26 November 2007
SCOR launches EUR160mn Atlas IV cat bond
French reinsurer SCOR SA will add to its Atlas suite of cat bonds with the EUR160mn Atlas IV bond, which is due to close on 27 November.
26 November 2007
Income rises at Sagicor
Caribbean firm Sagicor Financial Corporation - which acquired Lloyd's insurer Gerling at Lloyd's and its Syndicate 1206 earlier this year - has announced a profit of Bd$136.7mn for the first nine months of the year...
26 November 2007
Brazil's deregulated reinsurance market rules imminent
The rules for Brazil's open reinsurance market are set to be published on 15 December, according to local sources.
26 November 2007
AIG executives sued by shareholders over sub-prime
American International Group (AIG) executives including CEO Martin Sullivan and CFO Steven Bensinger have been named in a suit filed by shareholders over the firm's handling of its exposure to the sub-prime crisis.
26 November 2007
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