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  • Insurance giant Allianz unveiled the restructuring of its large corporate risks units late last month while also confirming it was exiting marine reinsurance business after last year’s destructive storm losses.
  • Underwriters on Limit's Syndicate 386 have become some of QBE's highest paid employees following their multi-million pound bonus scheme.
  • Equitas boosts asbestos reserves; Creechurch parts company with chief executive; Monument in disarray as chief executive quits; Novae enters energy as start-up gets A- rating; Lloyd's warns insurers on climate change; et al...
  • Europe is set to welcome its first publicly quoted start-up (re)insurance company for almost a decade when Augsburg Re is floated on London's Alternative Investment Market (AIM) within the next month.
  • RMS learns Katrina lessons with new model; Buffett points to son as non-executive chairman; WTC insurers in fees victory; Imagine appoints ex-Platinum executive as CEO; Sompo Japan suspended by regulator; et al...
  • Benfield Group's chief executive Grahame Chilton has always made it clear that he believes one of the prime duties of the reinsurance broker is to ensure there are markets available for its clients; and, if they are not, they should be created.
  • Post-Katrina Bermuda-based sidecars will soon have raised more than $2.5bn in capital with the emergence of Bay Point Re, a vehicle being launched alongside the "Class of 2005" reinsurer Harbor Point.
  • The proposed WFUM pool scheme of arrangement, involving 16 different insurance companies, was granted leave to convene creditors’ meetings by the UK High Court today (9 June).
  • Quanta Capital Holdings has signed heads of agreement with Chaucer Holdings and the senior underwriting team of its Syndicate 4000 to form a new Lloyd’s managing agent, Pembroke Managing Agency Limited.
  • Giant reinsurer Swiss Re announced today (7 June) that it has issued Successor, the latest in its series of cat bond programmes, as it continues to utilise the capital markets to offset risk.