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  • Underwriting disclipline is strong theme at Bermuda's World Insurance Forum as evidence mounts of growing rate cuts... Talk at the recent World Insurance Forum in Bermuda was of battening down the hatches in readiness for a downturn already gaining mom
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • Scandinavian insurer Tryg Vesta has responded to fears that its UK (re)insurance subsidiary, Chevanstell Ltd - formally Tryg-Baltica International (UK) Ltd (TBI UK) - may be insolvent. After years of underwriting losses, TBI UK was placed into run-of
  • Canadian (re)insurance group Fairfax Financial Holdings announced last Thursday (27 May) that it has negotiated an increase in a revolving letter of credit facility from $300mn to $450mn for its reinsurance subsidiary nSpire Re.
  • Moody’s announced last week that it had downgraded giant reinsurer Swiss Re’s insurer financial strength and senior debt ratings from Aa1 to Aa2 and its subordinated debt rating to A1 over concerns of the sector’s earnings prospects and Swiss Re’s ability
  • German reinsurer R+V accuses Lloyd's based managing agency of fraudulently altering terms of binding agreement; defence says it's "a stitch up from the word go"... The Royal Courts of Justice showdown between German reinsurer R+V and managing agency Ri
  • As delegates headed for tea on day two of the World Insurance Forum in Bermuda, reinsurance buyers briefly turned their heads to the "old chestnut of Lloyd's". Christian Milton, chief reinsurance buyer for giant insurer AIG, confirmed he still uses the
  • In an unexpected move Price Forbes - a subsidiary of the world's largest intermediary Marsh - has swooped for the independent London market broker Prentis Donegan. A well regarded operation, Prentis Donegan serves a predominantly US client base with a
  • The chief financial officer of Swiss Re’s Americas division is taking a US strip club to court alleging it overcharged him for a night on the town.