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AXA Re gets Best upgrade
French insurance giant AXA has had the financial strength rating of its reinsurance subsidiary AXA Re upgraded from A- to A by AM Best, partly as result of its decision to lend the company EUR150mn to boost its capital.
11 July 2005
XL disappoints investors with $191mn US casualty reinsurance charge
XL unveiled a further boost to its US reinsurance reserves last week, which included a $64.7mn pre-tax increase for its workers’ compensation reserves.
11 July 2005
AIG appoints former SEC chairman as special advisor; Milton replaced
American International Group revealed last week that the former chairman of the US Securities & Exchange Commission Arthur Levitt has become the insurance giant’s special advisor to its Board of directors and the Board’s Nominating and Corporate...
11 July 2005
Lloyd & Partners expands property team
Jardine Lloyd Thompson Group (JLT) plc’s wholesale broker Lloyd & Partners announced on Friday (8 July) two key appointments to its expanding property team, with the arrival of Derek Hansen and Adrian Godlieb from rival Price Forbes.
11 July 2005
Converium begins search for new chief executive
Swiss reinsurer Converium has begun the search for a replacement to its chief executive Terry Clarke who stepped in earlier this year following the ousting of Dirk Lohmann in the wake of the company’s much publicised difficulties.
11 July 2005
Hurricane Dennis: not Ivan but still a menace
Hurricane Dennis swept into Florida over the weekend wreaking widespread devastation in its path. But despite following a similar trajectory to last year’s Hurricane Ivan, most experts predict the (re)insurance bill will be significantly lower than the...
11 July 2005
Spiller resigns from Benfield
David Spiller has resigned from his position as CEO of Benfield Group's International Division, the company announced in a statement to the London Stock Exchange this morning (7 July).
07 July 2005
Insurance stocks fall following London terror attacks
Share prices in Lloyd's (re)insurers have fallen sharply in response to the explosions which rocked London this morning.
07 July 2005
Sellek and Manning cut loose in Lloyd’s restructuring
Lloyd’s is parting company with two senior executives as part of a restructuring that will see the Corporation move further away from a regulatory emphasis to one of operational risk management.
06 July 2005
New teams spur Aspen growth
Despite a softening market, Bermuda-headquartered (re)insurer Aspen last week (28 June) announced it expects its 2005 gross written premiums to be 20 to 25 percent higher than in 2004.
04 July 2005
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