News – Page 498
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California quake fund hikes rates
The California Earthquake Authority intends to increase rates in 2008 amid concerns over its claims-paying capacity
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Global premiums up 5% in 2006
Worldwide premiums written amounted to $3, 723bn in 2006, an increase of 5%, according to Swiss Re
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Online onlyAce joins renewable energy drive
Ace launches a single-policy solution for renewable energy providers
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Prices "remained flat or fell" at 1 July renewals
Willis Re highlights retention and capital markets as major factors in price depression
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Online onlyAscot launches renewable energy firm
Ascot Underwriting has established a Lloyd's-based renewable energy firm, Renewco Underwriting
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Online onlySwiss Re signs up to UN investment principles
Programme encourages best practice in environmental, social and corporate governance issues in investments
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Lockton targets Middle East and North Africa
Wael Khatib appointed CEO, MENA regions, to lead growth initiative
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Amlin buys Allied Cedar Insurance Group
Amlin has acquired Allied Underwriting Agencies and Cedar Insurance Company
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AXA RE downgraded; outlook negative
AM Best has downgraded the ratings of AXA RE and revised its outlook to negative from stable
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Aspen enters professional liability market
Bermuda insurer will target UK and Australian customers from London
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Scope and shape of terrorism shifts
Aon's new terrorism threat map exposes changing shape of terrorist threats worldwide
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Validus completes Talbot takeover
Validus has completed its acquisition of Talbot Holdings and raised an additional $200m
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JLT hires Aon aerospace expert
JLT has hired Aon Aviation president Wayne Wignes as vice chairman of its North American aerospace practice
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Zurich completes share buyback
Zurich Financial Services has completed its CHF1.25bn share buyback
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Asia-Pacific set for strong growth
S&P is maintaining its positive outlook on China's insurance market with stable outlooks elsewhere
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AXIS hires chief information officer
AXIS Capital has named Raymond Karrenbauer chief information officer
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Glacier Re appoints new legal counsel
Michael Codd joins the firm from Barlow Lyde and Gilbert
