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AM Best affirmation for Everest Re
Bermuda’s Everest Re had its A+(Superior) financial strength rating affirmed by AM Best last Wednesday (2 June). The agency also affirmed Everest Re’s debt ratings and extended the group’s financial strength rating to a previously unrated subsidiary Evere
07 June 2004
Markel writes karting cover
Specialty property and casualty insurer Markel International has announced the launch of a new insurance product to cover professional karting circuits.
07 June 2004
Fulham sues syndicates over PA non-payment
Fulham Football Club has issued a High Court writ against a consortium of Lloyd’s syndicates for failing to pay personal accident (PA) claims on one of the club’s former players.
07 June 2004
JLT tops broker poll
UK broker Jardine Lloyd Thompson (JLT) has been voted European Commercial Broker of the Year, in a poll of more than 2,000 UK and European risk managers.
07 June 2004
ACE INA $500mn debt issue rated
Moody’s and AM Best have respectively assigned A3 and BBB+ ratings to ACE INA’s proposed $500mn senior unsecured debt issue, announced last Wednesday (3 June).
07 June 2004
Purro bows out at Swiss Re
Bruno Purro, chief risk officer at Swiss Re is to step down at the end of the year, to be replaced by Christian Mumenthaler, the giant reinsurer revealed last Thursday (3 June).
07 June 2004
Cook joins Benfield
Reinsurer broker Benfield has appointed Chris Cook to its aviation insurance team, where he will focus on major aviation risks.
07 June 2004
S&P affirms Converium
Standard & Poor’s (S&P) announced Thursday (3 June) it had affirmed Swiss reinsurer Converium’s ‘A’ long-term counterparty credit and insurer financial strength ratings after conducting a review. The group’s US operation Converium Holdings (North America)
07 June 2004
RSA team joins SVB/Novae
SVB Holdings has appointed Stuart Quinlan to the newly-created post of underwriting development director at its specialist liability subsidiary, Novae Underwriting.
07 June 2004
SCB considers suing co-founder
Disgraced broking group Stirling Cooke Brown (SCB) – now renamed AlpahStar Insurance Group - is considering suing co-founder Nicholas Brown for his involvement in the group’s collapse.
07 June 2004
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