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ACE Tempest Re opens Canadian arm
ACE Tempest Re Group, part of ACE Limited, announced the establishment of ACE Tempest Re Canada on 8 January.
15 January 2007
RFIB bolsters Middle East operations
Lloyd's broker RFIB Group announced the appointment of Bob Naudi as a consultant on 12 January as it continues to bolster its Middle East operations.
15 January 2007
Lloyd’s makes ‘ridiculous’ offer for damaged Picasso
Casino mogul Steve Wynn has described an offer from Lloyd's insurers to settle his $54mn claim for a damaged Picasso masterpiece as "ridiculous" and taken underwriters to court.
15 January 2007
Amlin Bermuda’s business on the up
Lloyd's based (re)insurer Amlin plc) that its Bermudian reinsurance operation has written $87mn of business this year, a 58 percent increase on the same point last year.
15 January 2007
Munich Re on track to earn EUR3.2-3.4bn
German giant Munich Re is on track for 2006 after-tax profits of EUR3.2bn to EUR3.4bn, according to its chairman Nikolaus von Bomhard in an investor conference last week (9 January).
15 January 2007
CastlePoint joins IPO queue
CastlePoint Holdings Ltd, the Bermuda based (re)insurer formed last year by the US investment bank Friedman Billings Ramsey, plans to list on Nasdaq through an initial public offering (IPO).
15 January 2007
LEGAL BRIEFINGS
Our monthly column keeping check on US and EU legal and regulatory developments
12 January 2007
GIC downgraded to A-
AM Best downgraded the financial strength rating of General Insurance Corp of India to A- from A.
12 January 2007
Munich Re goes to AA- on ERM
The growing focus on Enterprise Risk Management (ERM) was again brought to the fore when it was cited by Standard & Poor’s (S&P) as a reason for Munich Re’s upgrade to AA- last month.
12 January 2007
Wurttembergische to fight for upgrade
German firm is third major European reinsurer to be downgraded below A- in recent years
12 January 2007
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