News – Page 360
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Online onlyGallagher opens fac office in Brazil
New presence formed after acquisition of Securitas Re
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Online onlyInsurers baulk at new Solvency II capital advice
S&P warns that CEIOPS advice changes the playing field.
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CV Starr appoints California CEO
Michael Garrison was previously with Starr Technical risks
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Online onlyMax reports strong 2009 results
$246m net income; CEO Becker credits investment returns and diversification.
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Online onlyConsumers ‘disappointed’ by US budget reinsurance plans
Proposals in FY2011 Federal Budget point to rate hikes and decreased availability of Insurance
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Online onlySCOR sees 7% rise in P&C volume
Reinsurer’s 1/1 renewals were characterised by ‘portfolio management, profitability and growth’
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Online onlyEastern US suffers under winter storms
More snow ahead; state of emergency is declared in Washington DC, Maryland and Virginia.
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AIG unveils Hancock as exec-vice president
Hancock joins from KeyCorp and will report to CEO Benmosche
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Gulf Insurance Group gains new-style reinsurance structure
Guy Carpenter completes deal incorporating six group companies into a single programme
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Labuan Re reports low loss ratio despite cat claims
Reinsurer generated 43% of business from Lloyd’s
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Korean Re outlook improves
AM Best praises reinsurer’s international book of business and sound capitalisation.
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Online onlySony Life and Aegon form new Bermuda reinsurer
SA Reinsurance will write life business for an existing joint venture
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Online onlyTech firm warns against two-speed broker market
Trisystems says software can level the playing field for accessing London Market initiatives
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Online onlyK6 shows investors want retro
Hannover Re’s recent deal shows that retro is available from capital markets
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Online onlyBuffett ups stake in Munich Re to over $900m
Personal holding accounts for 3.045% stake in reinsurance giant
