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RenRe slashes growth targets on Florida legislation
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...
12 February 2007
Novae sees slowdown in legacy deterioration
Novae Group plc, the UK quoted insurer that has been rebuilding following the devastation caused by its financial and professional indemnity losses between 1997-2002, pleased shareholders today...
12 February 2007
PXRE faces $60mn hit on cat bond and retro cancellation
Beleaguered Bermudian reinsurer PXRE is facing termination charges of up to $60mn on cat bonds and reinsurance contracts if, as expected, it goes into run-off.
12 February 2007
PXRE faces $53.4mn hit on cat bond and retro cancellation
Beleaguered Bermudian PXRE is facing termination charges of up to $53.4mn on cat bonds and reinsurance contracts if, as expected, it goes into run-off.
09 February 2007
Aon posts flat fourth quarter income; reports stock option irregularities
Aon Corp posted flat fourth quarter net income last night of $224mn with broking revenues up 7 percent to $1.5bn.
09 February 2007
RenRe slashes growth targets on Florida legislation
The first sign of the magnitude of last month’s Florida legislation for reinsurers has emerged with Bermudian RenaissanceRe paring back growth targets for 2007 managed property cat reinsurance...
07 February 2007
AXIS beats consensus with 2006 figures
John Charman's AXIS Capital Holdings Ltd became the latest industry (re)insurer to beat consensus estimates and report record results for last year on the back of the benign catastrophe season.
06 February 2007
White appointed as new Lloyd’s deputy chairman
Veteran London market figure Graham White was appointed as the new deputy chairman of Lloyd’s by the Council of Lloyd’s on 5 February.
06 February 2007
London market in 'electronic processing surge'
London market bodies reported an "electronic processing surge" and claimed that a quarter of all the market’s premium transactions could be handled by the end of February.
05 February 2007
Converium hires Benfield exec
Converium Holdings' chief executive Inga Beale has continued to re-shape the reinsurer's management with the appointment of Benfield Group’s Jakob Eugster.
05 February 2007
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