News – Page 500
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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
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Marsh supports ten year extension of TRIA
Marsh has presented testimony before a Congressional subcommittee in support of the ten-year extension of TRIA
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EC urges insurers to adopt Solvency II
The head of the insurance unit of the European Commission has urged the industry to continue preparing for Solvency II
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TRIA extension is critical says AM Best
AM Best says TRIA's extension is critical to the financial health and stability of the property casualty insurance sector
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RMS provides analysis in Brit cat swap
RMS has designed the trigger mechanisms for a securitisation of multi-peril, multi-event catastrophe risk
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ACE Tempest Re takes Lloyd's route into China
ACE Tempest Re to offer property and casualty reinsurance in China through Lloyd's Reinsurance Company (China) Ltd