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There are 68,813 results that match your search.68,813 results
  • Wilma nears Florida coast
    After three days of pounding Mexico’s coastline, Hurricane Wilma has made landfall on Florida’s west coast. According to the latest information, the category three hurricane, which is packing 120mph winds and moving at around 20mph, came ashore just...
    24 October 2005
  • Start-up Bermudian reinsurer to acquire Rosemont Re infrastructure
    Industry veteran Don Kramer has agreed to buy the infrastructure of GoshawK’s Rosemont Re to establish a new $750mn+ private equity backed Bermudian reinsurer.
    24 October 2005
  • Markel launches new marine and energy insurer
    Markel Corporation has announced the formation of a new marine and energy insurer, Markel Global Marine & Energy. Steve Cullen, formerly president of the Marine and Offshore Energy Division of XL Insurance, will head the unit and will be responsible...
    24 October 2005
  • Advisen benchmarking survey shows rates rising
    Property rates have increased by as much as 20 percent in the aftermath of this year’s devastating hurricanes according to a survey conducted by Advisen. The RIMS Benchmark Survey showed that third-quarter renewal prices were dropping before Katrina...
    24 October 2005
  • O’Farrell takes charge of reinsurance at ACE
    Bermudian reinsurer ACE appointed Bill O’Farrell as chief reinsurance officer for the group on 18 October. O’Farrell, who is a senior vice-president in Reinsurance Recoverables with ACE, will design and buy reinsurance and take overall responsibility..
    24 October 2005
  • Outdated systems costing market millions
    The London Market is missing out on millions of pounds in savings because of its failure to embrace new technology that would speed up business processes. At the ACORD Forum on 20 October, London was described as resistant to change and slow to act...
    24 October 2005
  • Willis sued over WTC losses
    Willis Corp is being sued by the owner of the Millennium Hilton in Manhattan, New York for alleged negligence in securing business interruption cover for the hotel group. Millennium & Copthorne Hotels plc, the owner of the Millennium Hilton, has...
    24 October 2005
  • Industry execs to launch Bermuda start-up
    Jeff Greenberg, the former MMC chief executive, has recruited a senior management team to lead his new $1bn+ Bermudian (re)insurer, Insider Week can exclusively reveal. George Reeth, the former president of Willis’ North America operations, and...
    24 October 2005
  • Boards under regulatory spotlight
    A new report has found that regulatory probes are placing the boards of (re)insurers under increasing pressure over a range of issues. The report by Moody’s Investor Service highlighted finite risks, mutual funds and potential conflicts of interest...
    24 October 2005
  • AIG appoints former SEC accountant
    Insurance giant American International Group Inc (AIG) appointed the former Securities and Exchange Commission (SEC) chief accountant Michael Sutton to its board of directors last week. Sutton, who served as chief accountant at the SEC from...
    24 October 2005
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