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  • Bermuda’s PartnerRe announced it was increasing its dividend to shareholders last week. The reinsurer has increased dividend payments every year since it was founded in 1983.
  • Despite recent warnings from some quarters over the wisdom of dabbling in credit derivatives, a report last week indicated a trebling of transactions for another area of risk transfer – weather derivatives.
  • Catastrophe specialist Cathedral Underwriting Ltd received an inaugural Best syndicate rating of A- (Excellent) last week as the rating agency paid tribute to the Lloyd’s insurer’s “excellent prospective operating performance and business profile.”
  • Lloyd’s have appointed barrister Jeremy Pinchin to the new post of Head, Reinsurance and Claims reporting to the Franchise Performance Director, Rolf Tolle.
  • Arch Capital Group has recruited the former Chubb D&O specialist Ralph E. Jones III to lead its challenge into the US professional indemnity sector.
  • Converium receives licence to write UK liability while British Government gives heart to insurance industry In the week that saw the UK Government acknowledge the recent surge in liability premiums, the Swiss based reinsurer Converium revealed that it
  • Divided House likely to call time on Hatch plans as “best opportunity in a decade” slips away
  • Whatever the prospects for US asbestos reform, Equitas is likely to boost its asbestos reserves when it announces its annual results on Wednesday.
  • FSA consultancy launched A new consultancy offering help on Financial Services Authority compliance for London market brokers and insurers has launched promising to provide “carefully designed bespoke support to help reduce the cost of achieving and ma
  • Despite Bermuda’s established and start-up reinsurers churning out strong results, the global industry continues to be dragged down by the lacklustre performance of the big four reinsurers – Munich Re, Swiss Re, Employers Re, and General Re.