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Paris Re launches $185mn sidecar
Paris Re Holdings has become the latest reinsurer to launch a sidecar-style vehicle with the establishment of Triomphe Re, a $185mn Bermuda domiciled Class 3 reinsurer.
28 December 2006
New Marsh service to ease trade credit insurance woes
Insurance broker Marsh Ltd is offering a new service to recession-struck UK firms struggling to renew their trade credit cover as insurers have "hardened their attitude".
17 August 2009
US insurers reap rewards in first quarter according to ISO
Despite fears of declining rates, the first quarter of 2004 was a stunning year for US P&C insurers, according to data from the research firm ISO and the Property Casualty Insurers Association of America.
05 July 2004
Fitch positive on IFRS but warns of potential ratings changes
Ratings agency Fitch has warned that the introduction of international accounting standards (IAS) could have an impact on some insurance company ratings in the medium term depending on the response of management and investment markets to the new standards
10 May 2004
XL restructures management team
Bermudian giant XL Capital announced the restructure of its management team on 15 June with Henry Keeling taking over as chief operating officer.
19 June 2006
Gen Re finite jury set to deliberate
The jury in the trial of five former senior US industry executives charged with transacting an allegedly sham finite reinsurance contract between the two firms is due to retire shortly.
11 February 2008
Jury to decide in Gen Re trial
The jury in the trial of four former Gen Re and an ex-American International Group (AIG) executive charged with transacting an allegedly sham finite reinsurance contract between the two firms is due to retire in mid-February.
11 February 2008
Hyperion invests in J K Buckenham Ltd
Fast expanding Hyperion Insurance Group, owner of London market broker Howden Insurance Brokers, has bought a stake in the reinsurance specialist, JK Buckenham Ltd for an undisclosed sum.
04 May 2004
Indemnity costs hover higher for legal eagles
Premiums increases for professional indemnity for solicitors and law firms are beginning to level out over the past year, according to Aon Professional Risks (APR).
01 September 2003
MMC profits on falling revenues
MMC chief executive Michael Cherkasky pointed to the green shoots of recovery in his company’s first quarter results today (3 May), but it was also apparent that the global brokers are still operating in a brutally tough trading environment.
03 May 2006
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