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Correction: Fhu-Jin
In the September edition of The Insurance Insider, we incorrectly say that Goldman Sachs & Co worked on the recent Tokio Marine cat bond, Fhu-Jin Ltd.
11 September 2006
RI3K launches new “easy to use” version
Electronic trading platform RI3K announced on 11 September the launch of its upgraded trading system “V3”.
11 September 2006
Flagstone to write aviation reinsurance
“Class of 2005” reinsurer Flagstone Reinsurance Holdings announced on 7 September that it has entered the aviation reinsurance market.
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
Fitch says good response to Prism
Fitch Ratings said the response from the market to its new capital model Prism has been positive.
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
Hiscox heads for Bermuda
Lloyd’s insurer Hiscox plc revealed today (11 September) that it is relocating its headquearters from London to Bermuda.
11 September 2006
International News Digest
Highfields continues SCOR sidecar dispute; Spitzer drops key Greenberg charges; Fairfax restates; ACE acquires minority stake in Russian Re; AM Best removes Hannover Re from review; Greenlight Re receives Best rating; et al
08 September 2006
Thunderbird expected to fly despite basis risk
With the limitations of traditional reinsurance pushing cedants to look for other options they must get comfortable with their understanding of the basis risk associated with the alternatives, according to Rolf Tolle...
08 September 2006
ZFS outperforms on P&C strength
Insurance giant Zurich Financial Services (ZFS) reported half-year net profits of $1.96bn, up 9 percent on the first six months of 2005, and ahead of analysts’ consensus of $1.8bn.
08 September 2006
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