September 2005/2

Shares decline as H1 profit slump unveiled...

The plane crash in Indonesia earlier this month, was the sixth aviation accident since the beginning of August. Six crashes in as many weeks may appear freakishly high frequency but industry experts are remaining calm as the figures balance out in the...

In a surprise move, reinsurance giant Swiss Re announced on 25 August that Jacques Aigrain will succeed John Coomber as its chief executive.

The growing attraction of the run-off sector was underlined last month with the launch of new run-off advisory firm Quest Consultants.

The Association of Run-Off Companies (ARC) and KPMG published their latest annual survey into the UK non-life insurance run-off sector earlier this month revealing a fall in total liabilities, driven by Equitas’ continued successes in shedding...

Pat Ryan, the founding chairman of broking giant Aon Corp, last month announced plans to sell five million shares in the company, equivalent to some $146mn, last month.

While the full magnitude of insured losses from Hurricane Katrina is still being assessed, it already appears certain that the burden will be high enough to trigger payment from the owners of CAT bonds and insured loss warranties.

It's not finite reinsurance which is wrong, but irrational accounting practices, argues former Swiss Re managing director Shirley Beglinger

Sector set for more woe; OIL mutual facing downgrade threat

Lloyd’s insurer Amlin plc is planning to start a Bermudian (re)insurer next year, The Insurance Insider can reveal.

In our regular monthly International News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.

(Re)insurers reluctant to estimate losses in the face of continuing confusion...