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  • XL Capital added to fourth quarter losses arising from its relationship with troubled bond insurer Security Capital Assurance (SCA) in a Securities & Exchange Commission (SEC) filing after close of markets Friday (29 February).
  • Reinsurer Swiss Re looks to be in good health with the group set to be a winner from the recent hurricane season.
  • Established Bermudian RenaissanceRe trumped analysts’ expectations with record earnings figures last week, posting operating earnings of $524mn for 2003, equivalent to $7.38 per share and significantly higher than consensus estimates of $1.81 a share.
  • The UK's Financial Services Authority (FSA) has suggested that the "light touch phase of the regulatory cycle" may be over, as "lessons are learnt" from the current credit crisis, according to a spokesman.
  • A UK High Court has delivered a landmark decision favouring reinsurers in a dispute concerning "follow the settlement" clauses.
  • Rod Fox has left reinsurance broker Benfield to head up Clarendon Group, the US specialty insurance arm of Hannover Re. In a 1 February announcement, the German reinsurer said Fox had been appointed CEO of Clarendon, with the division’s...
  • (Re)insurance shares recovered from a turbulent last week in the markets clawing back ground by close of trading on Friday (25 January) after falls caused by fears of a US recession.
  • Guy Carpenter has appointed Jonathan Stephenson as managing director of its Australia operations and CEO of its Pacific region
  • European reinsurers battered by storms. Eight sum insured losses of over US$1bn in 1999 have contributed to making the results of European reinsurance companies some of the worst ever. The year was notable for having the highest frequency of natural d
  • Chartis will be expanding its high limit cover plan for commercial property across the globe after subsidiary Lexington pioneered the product in North America