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Beazley Exec calls for changes over catastrophe underwriting
Beazley Group plc's head of property Jonathan Gray has called for a back to basics approach to catastrophe underwriting last week, advising underwriters to rely more on their common sense and not to become slavishly dependent upon catastrophe models.
08 May 2006
NIIT acquires Room Solutions
London market IT provider Room Solutions has been bought out by the Indian-headquartered company NIIT Technologies Limited (NIIT). In an announcement today (8 May), the company said NIIT has...
08 May 2006
Traditional reinsurance remains compelling despite capital markets
Despite the capital market's growing appetite to assume risk, traditional reinsurance cannot be beaten for speed of access, according to speakers at an Insurance Insider event last week.
08 May 2006
Chaucer appoints directors
Lloyd's insurer Chaucer Syndicates has appointed two new directors from within the business.
08 May 2006
Brit renews Oval sponsorship
Brit Insurance Holdings plc has announced a record-breaking five-year sponsorship deal with Surrey County Cricket Club and the Brit Insurance Oval.
08 May 2006
AXIS 1Q income rises to $195.2mn
Bermudian (re)insurer AXIS Capital reported first quarter net income of $195.2mn, or $1.19 a share, up from $151.8mn, or $0.95 per share for the prior year period.
08 May 2006
Record net Q1 operating income at RenRe
The positive first quarter for Bermudian (re)insurers continued when RenaissanceRe posted a record net operating income of $195.7mn, or $2.73 per share, up from $54.5mn, or $0.76 per share last year.
08 May 2006
Willis reports rising Q1 earnings on flat revenues
Willis Group Holdings Ltd reported on the 3 May net income of $140mn, or $0.89 per share, for the first quarter of 2006, more than double the $67mn, or $0.41 per share, recorded in the prior-year period.
08 May 2006
Liberty Mutual fights Spitzer charges
Boston-based insurance giant Liberty Mutual Group engaged in kickbacks and bid-rigging to boost sales, according to lawsuits filed by the New York and Connecticut attorney generals last week.
08 May 2006
Berkshire Hathaway committed to catastrophe reinsurance; Buffett points to son as next chairman
Despite unveiling hurricane losses of $3.4bn for last year, Berkshire Hathaway Inc said it remains committed to writing catastrophe (re)insurance.
08 May 2006
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