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Converium hires Benfield exec
Converium Holdings’ chief executive Inga Beale has continued to re-shape the resurgent company’s senior management with the appointment of Jakob Eugster from Benfield.
31 January 2007
Kyrill hits Allianz for EUR230mn
German insurance giant Allianz today (31 January) reported losses of up to EUR230mn caused by Windstorm Kyrill earlier this month.
31 January 2007
Hannover Re to credit swap reinsurance recoverables in landmark deal
Hannover Re is set to enter a landmark financial transaction that will lay off credit risk on its reinsurance recoverables to the capital markets, a move first revealed by The Insurance Insider in January last year.
31 January 2007
ACE caps strong year with buoyant fourth quarter
Bermudian ACE Ltd became the latest (re)insurer to benefit from an unexpectedly benign catastrophe environment as it revealed record 2006 operating income of $2.35bn.
31 January 2007
Lancashire unaffected by Florida law
“Class of 2005” (re)insurer Lancashire Holdings has stated it will not be affected by the increased underwriting capacity of the Florida Hurricane Catastrophe Fund, as it does not write property cat treaty in the state...
31 January 2007
GM continues R&SA battle despite court defeat
Royal & Sun Alliance Insurance Group plc (R&SA) won a significant victory in its acrimonious battle with General Motors last week after a Michigan Circuit Court ruled...
29 January 2007
BLG strengthens aviation team
Law firm Barlow Lyde & Gilbert (BLG) is to strengthen its five-partner aerospace team with Neil McGilchrist and associates Anna Anatolitou and Maria Galan joining next month from Gide Loyrette Nouel.
29 January 2007
All roads leading to London: Glaser
The London market has to be "willing to strive, to improve, to challenge, to change" if it wants "all roads in insurance to lead to London", according to Dan Glaser.
29 January 2007
Brokers push for ECF mandate
London market brokers are pushing for Lloyd’s to mandate change in a push to see all claims processed electronically by the end of the year.
29 January 2007
Aon to lose 550 US jobs
Broking giant Aon Corp confirmed last week that it is to lose 550 jobs in its US operations as part of its ongoing efficiency drive.
29 January 2007
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