News – Page 483
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ACE opens new life company in Europe
ACE has gained approval to establish a new London-based life insurance company, ACE Europe Life
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Guy Carp hires global chief economist
Guy Carpenter has appointed Joan Lamm-Tennant as global chief economist and risk strategist
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Arch opens shop in Denmark
Arch Reinsurance has opened its accident & health reinsurance operations in Copenhagen, Denmark
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RMS expands European coverage
Risk Management Solutions has expanded its coverage of earthquake modelling in Europe
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Guy Carpenter expands presence in Bermuda
Guy Carpenter has appointed a new head of office and expanded its office capabilities in Bermuda
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US reinsurance bill approved
The Nonadmitted and Reinsurance Reform Act of 2007 has been approved
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CastlePoint ratings on negative review
AM Best has placed CastlePoint’s financial strength ratings of “A-” under review with negative implications
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Insurance sector must embrace change
S&P's European Insurance Symposium has urged insurers to embrace change
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Lloyd’s signs risk modelling agreement with Benfield
Five-year contract provides access to consulting, natural peril and financial modelling
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S&P assigns ratings to Swiss Re cat bond
S&P has assigned ratings to Fusion Re, a Swiss Re cat bond covering typhoons in Japan using a CAT-Mex trigger
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Florida Commission rejects new RMS predictions
RMS warns Florida could be leaving insurers and their policyholders “more exposed than they believe”
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Press victory “disappointing” says Bermuda premier
The press in Bermuda has won the right to print the contents of a leaked police file which names the premier, Dr Ewart Brown
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Strong competitive position sees XL ratings affirmed
Fitch has affirmed the ratings of XL Capital Ltd (XL) and its property/casualty (re)insurance subsidiaries
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Largest companies slowest to adopt captives
Aon’s captive report shows over half of Global 1500 are missing an opportunity
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S&P: Use the models with care
Unless modelling makes common sense and you can explain it to the customer, it won't work, say S&P analysts
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Kiln reorganisation follows Bermuda move
Kiln’s active underwriter Andrew Carrier has announced he is leaving ahead of the firm's corporate restructure
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CastlePoint in joint venture with AequiCap
AequiCap Insurance Company will produce workers’ compensation and commercial auto of up to $100m premiums
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Scottish Re hires chief restructuring officer
Scottish Re has hired Dan Roth from Cerberus Capital Management to help drive group restructuring
