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ICAP in venture to trade risk
A joint venture between global interdealer broker ICAP and JLT Group has once again underlined the growing co-operation between the reinsurance industry and the capital markets in trading risk.
09 March 2007
Berkshire cuts back wind exposures
Berkshire Hathaway chairman Warren Buffett said that with falling rates in “super-cat” insurance as a result of the “flood of capital” post-Katrina, the company has “sharply reduced” wind exposures.
09 March 2007
AIG announces $8bn share buyback
US giant American International Group (AIG) continued the capital management theme as it reported a rise in its 2007 net income and announced an $8bn share buyback scheme.
09 March 2007
Florida continues to cast Bermuda gloom
After a month digesting unpalatable developments in the “Sunshine State”, the (re)insurance industry was at least served up a sliver of good news late February, as it emerged the Florida State Board of Administration...
09 March 2007
Aon recruits Heath exec
Aon has confirmed the arrival of Steve Redgwell as head of broking for its Commercial Insurance division.
09 March 2007
Talbot looks to reap rewards from sale
After a good 2006, Talbot raises the ‘for sale’ sign. Its timing could be perfect…
09 March 2007
Aon wins prestige Lexington account
Aon – which is involved in an acrimonious battle with Benfield over the poaching of its facultative team – has won the Lexington Insurance Co account from the reinsurance broker, The Insurance Insider can reveal.
09 March 2007
European giants reward shareholders
European giants Allianz, AXA and Zurich Financial Services (ZFS) reported strident 2006 figures and increased dividends as they benefitted from clement natural catastrophe conditions.
09 March 2007
Class of 2005 fight to diversify
Bermuda’s Class of 2005 – the group of (re)insurers launched in the wake of Hurricane Katrina – will face tougher conditions than their predecessors as they look to broaden scope in response to limited opportunities in the property cat market.
09 March 2007
Lloyd’s looks set to welcome more start-ups
Ark and Leinster on the verge of launching as 2007 capacity continues to grow...
09 March 2007
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