News – Page 311
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Online onlyJuniperus names McKeown chief executive
Chris McKeown joins Bermuda ILS firm from Guy Carpenter
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Online onlyUK prime minister gets tough on Solvency II
David Cameron will fight to ensure the regime does not put UK (re)insurers at a disadvantage
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Online onlyACE launches supply chain risk tool
Insurer partners with Willis Re Analytics to analyse cat and supply chain exposures
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Online onlyBermuda and Qatar agree double tax treaty
DTA is a “trump card” in developing Bermuda as a western hub for the Islamic financial services industry
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Online onlyGallagher increases stake in Caribbean broker
Company raises equity interest in CGM Gallagher to 80% from 38.5%
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Online onlyGuy Carp names US chiefs
Andrew Marcell is appointed chief executive of reinsurance broker’s US operations
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Online onlyJuly renewal hikes will be limited - Fitch
Rating agency predicts “at best” single-digit rate increases for US property reinsurance
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Online onlyAlterra swings to profit in Q1
US insurance, Alterra at Lloyd’s and Latin American segments post CRs above 100%
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Online onlyHank Greenberg loses appeal over fraud lawsuit
Ruling paves the way for Greenberg/Smith AIG/Gen Re finite reinsurance trial
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Online onlySCOR gets another rating upgrade
Moody’s cites SCOR’s “enhanced franchise strength” as it upgrades rating to A1
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Online onlyBerkshire posts $845m insurance profit
Underwriting income amounted to $54m, up from a loss of $821m a year ago
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Online onlyReserve releases and lower cats return Argo to profit
Group’s Q1 profit of $19.6m compares with last year’s $94.1m loss
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NewsMunich Re returns to profit in Q1
Group result of €782m benefits from low cat activity as reinsurer reduces capacity for Japan quake risk
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Online onlyEndurance president Bill Jewett quits
Company chief executive David Cash will assume his responsibilities
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Online onlyFlagstone premium drops 52%
decline reflects non-renewal of business as troubled reinsurer continues to de-risk
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NewsSwiss Re boasts $1.1bn Q1 profit
Result swings from $665m net loss in the first quarter of 2011
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Online onlyHannover Q1 premiums grow 11.7%
Reveals profits of €261m and Concordia loss of €45m amid bullish outlook
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Online onlyRenRe swings to profit in Q1
Profit soars to $201.4m as reinsurer enjoys successful renewals and low cat activity
