All News articles – Page 411
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Pacific LifeCorp to buy Scottish Re for $71.2m
The new operation will be called Pacific Life Re; Sale is a "positive outcome" for Scottish Re says CEO Zippel
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Chinese reinsurance demand 'highly concentrated'
Reports says three companies account for 90% of demand for China Re business
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Scottish Re outlook revised to positive
Action follows announcement that Pacific LifeCorp has agreed to acquire Scottish Re
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Willis on review for rating downgrade following HRH acquisition
Moody's says broker's financial position will be "significantly weakened".
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Markel Sweden opens shop
Markel International Sweden will initially focus on writing a portfolio of marine business
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Solvency II threatened by minimum capital requirements
Failure to adopt a risk-based approach to the calculation of the MCR threatens the framework, warns CEA
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Brit invests in UK technology firm
Xbridge is an online insurance and finance technology platform specialising in owner-managed businesses
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A- rating for Employers Re and subsidiary
Long term performance set to improve following previous years’ operating losses
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ARC elects deputy chairman
Paul Corver, claims director of the KMS group, succeeds Bill Bower who became interim chairman in July 2007
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UIB opens reinsurance broker in Brazil
UIB is registered to operate as a reinsurance broker to Brazil’s IRB Brasil Resseguros
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Earthquake hits western Greece
6.1 magnitude quake causes two deaths and damages hundreds of buildings
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Hedge fund firm buys into ILS specialist
Man Group to pay £25m for company focusing on weather derivatives
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Nelson Re issues $180m of cat bonds
Bonds protects Glacier Re against US hurricane, US earthquake and European windstorm peril losses
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XL bond insurers lose their "A" rating
If the firms are unsuccessful in raising capital they will effectively be in run-off, says S&P
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Features
Breaking with tradition
Sidecars have come and gone – at least for the time being – and cat bonds are continuing an upward surge. As Lloyd’s continues its foray into non-traditional reinsurance, David Banks asks if the market is ready to embrace the full range of capital market options.
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AM Best assigns ratings to Gulf Re
"Likely to maintain strong risk-adjusted capitalisation"
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Central Re of Taiwan reassessed
AM Best upgrades outlook to positive due to strong risk management and performance
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Best revises Central Re outlook to positive
Offsetting factors are the competitive market condition and limited reinsurance business growth in Taiwan
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SCOR donates to UN relief effort
Reinsurer donates $200,000 to relief efforts following natural disasters in China and Myanmar
