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Sidecars stalled by Florida actions
Florida might seem an unusual place to embrace socialism, but the state's effective nationalisation of its hurricane cat programme last month has continued to reverberate...
13 February 2007
RenRe slashes growth targets on Florida
The first sign of the magnitude of last month’s Florida legislation for reinsurers emerged with Bermudian RenaissanceRe paring back growth targets for 2007 managed property cat reinsurance by 20 percent...
13 February 2007
Hurricane Crist tears through reinsurance market
Up to 30 percent of property cat profitability 'eliminated'
13 February 2007
Benfield prospects dampened by hurricane politics
Although Benfield's share price has shown a moderate recovery in recent days, its 13 percent slump as news broke of Florida's legislative intervention brought into sharp relief the negative earnings impact...
13 February 2007
Brit closes on RI3K sale
UK insurer prepared to retain minority stake
13 February 2007
Kyrill estimates blown over wide range
Although Europe suffered its biggest windstorm since 1999 as Kyrill blew across it in January, the continent's largest reinsurers remained miles apart in counting its cost.
13 February 2007
Swiss Re sees renewals growth through GE acquisition
Fuelled by its acquisition of GE Insurance Solutions (GEIS), Swiss Re reported a 14 percent increase in business at the January renewals, the equivalent of SFr1.3bn.
13 February 2007
Endurance premiums rise on specialty growth
Endurance Specialty Holdings Ltd booked year-on-year premium growth in excess of 10 percent as it reported 2006 net profits of $498.1mn and record annual return on equity (ROE) of 25.6 percent.
12 February 2007
Beazley launches US commercial property business
Lloyd's insurer Beazley Group plc has announced that it will begin underwriting US commercial property business on an admitted basis.
12 February 2007
Internet trading launched with Easy Placement
Market information and analysis firm Advisen Ltd has teamed up with messaging specialist Web Connectivity Ltd to launch, Easy Placement, a web-based software programme that enables brokers to...
12 February 2007
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