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  • Glacier Re appoints senior property underwriter
    Swiss-based reinsurer Glacier Reinsurance AG announced today (11 September) it has appointed Dr. Luzi Hitz as Senior Property Underwriter.
    11 September 2006
  • Levene makes tax call for London’s competitiveness
    Lloyd’s chairman Lord Levene has added his voice to the lobby calling for a more favourable tax regime to help preserve London’s position in the face of competition from Bermuda and other tax havens.
    11 September 2006
  • Lancashire receives FSA approval for UK operation
    Bermudian-headquartered (re)insurer Lancashire Holdings Ltd announced on 8 September that its UK subsidiary been granted permission to start underwriting by the Financial Services Authority (FSA).
    11 September 2006
  • Highway profits fall as motor market remains “challenging”
    UK motor insurer Highway Insurance Holdings plc revealed a drop in its first half profits on 6 September as the motor market remains “challenging”.
    11 September 2006
  • Cooper Gay poaches another Collins exec
    Cooper Gay Intermediaries (CGI), the US treaty arm of London-based reinsurance broker Cooper Gay, announced the appointment of Michael Joyce as executive senior vice president on 8 September.
    11 September 2006
  • Guy Carpenter lures leading Carvill exec
    Reinsurance broker Guy Carpenter has hired Nick Gralton from rival RK Carvill & Co to head up its US wholesale casualty business.
    11 September 2006
  • US cat rates up 76 percent in 2006
    Confirmation of the steep rise in catastrophe exposed reinsurance came from Guy Carpenter & Co which revealed that rates have increased this year by 76 percent in the US and 129 percent in Mexico.
    11 September 2006
  • Chaucer latest Lloyd’s insurer to suffer from weak dollar
    UK-listed Chaucer Holdings plc became the latest Lloyd’s insurer to announce a decline in profits due to the weak dollar when it released its interim results today (11 September).
    11 September 2006
  • Best rates Converium positive
    Rating agency AM Best has affirmed its financial strength rating of B++ on Swiss reinsurer Converium and revised the outlook on the company to positive.
    11 September 2006
  • Benfield encouraged by competition in China
    Reinsurance broker Benfield has predicted that the spate of recent regulations issued by the China Insurance Regulatory Commission covering issues including minimum capital requirements and investment regulations will only serve to encourage competition i
    11 September 2006
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