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There are 68,963 results that match your search.68,963 results
  • IPCRe reveals Wilma loss at $105mn
    Bermudian property catastrophe reinsurer IPCRe has today (23 January) revealed a modest increase in the estimated impact from hurricanes Katrina and Rita, together with an estimated net impact of $105mn from Hurricane Wilma, after reinstatements.
    23 January 2006
  • Peyrelevade pleads guilty over Executive Life
    Former Credit Lyonnais chairman Jean Peyrelevade has pleaded guilty to charges over false statements made to the US Federal Reserve during the bank’s acquisition of collapsed insurer Executive Life. Peyrelevade made his pleas in court...
    23 January 2006
  • Endurance makes Bermudian promotions
    Bermudian (re)insurer Endurance Specialty Holdings last week announced Susan Patschak and Christopher Schaper as chief operating officer and head of reinsurance respectively at its Bermudian operating subsidiary.
    23 January 2006
  • Hard Rock sues Swiss Re for Katrina claims
    The owners of the Hard Rock Hotel & Casino Biloxi are suing two of the company’s property insurers for refusing to settle their share of the complex’s $175mn damage claim following Hurricane Katrina.
    23 January 2006
  • Aspen removed from ratings review
    Bermudian (re)insurer Aspen has been removed from ratings review with negative implications by AM Best, which has affirmed the firm’s A- (Excellent) financial strength rating. The rating agency also affirmed Aspen’s insurer credit rating of...
    23 January 2006
  • Broker commissions to be tested following RK Carvill/XL dispute
    The question of whether reinsurers or reinsureds are liable to pay premiums to their brokers could be tested in the UK courts again this year when Absalom v TCRU reaches trial. The obligation appeared to have shifted to the reinsured during last...
    23 January 2006
  • Space consortium clarification: Amlin
    Amlin has advised it is not currently supporting the London market space consortium being supported by Liberty Syndicates, despite the suggestion to the contrary in January’s edition of The Insurance Insider. We are happy to clarify this.
    23 January 2006
  • TRIA extension buys insurers time
    The extension of the Terrorism Risk Insurance Act (TRIA) for two more years has bought property and casualty insurers time, according to a report from ratings agency Moody’s. The US federal reinsurance backstop to insurers for terrorism...
    23 January 2006
  • White and Gilmour elected to Lloyd’s Council
    Veteran London market figure Graham White and Ewen Gilmour, the chief executive of Chaucer Syndicates Ltd, have won the election to become members of the Council of Lloyd’s.
    23 January 2006
  • PXRE enters second $200mn LOC
    Hurricane hit Bermudian property catastrophe specialist PXRE revealed last week that it has entered into a second $200mn letter of credit facility with Citibank Ireland Financial Services plc. Under the One-year secured facility with Citibank...
    23 January 2006
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