News – Page 513
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Aspen appoints senior underwriter
Aspen has announced the appointment of Miroslaw Wieczorek as senior structured risk underwriter
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AXIS sees jump in Q1 profits
AXIS Capital has reported net income of $228m for the first quarter of 2007, compared to $195m for the first quarter of 2006
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Lloyd's pilots automatic slip checking
Lloyd's is looking at technology that will check insurance slips automatically.
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McManus to become CEO of Willis UK
R&SA has announced that Brendan McManus is to leave the company to become CEO of Willis UK
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UK earthquake could cost £50m
An earthquake which hit the southeast of England could cost up to £50m in insured losses
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Metcalf leaves Arch; new underwriting director named
Arch Europe has appointed James Weatherstone as director of underwriting, replacing Nick Metcalf
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Aspen Insurance US gains new president
Nathan Warde has joined Aspen Insurance US from Arch Capital Group in the newly formed role of president
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Aon Specialty Re CEO joins Cooper Gay
Cooper Gay North America has appointed Joe Filardo as director of sales and marketing.
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Heritage licenses AIR's cat models
Heritage Underwriting has licensed AIR's catastrophe risk management system
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SCOR's shareholders give thumbs up for Converium bid
SCOR shareholders have approved the company's bid for rival Converium
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Tokio Millennium Re rating affirmed
AM Best has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa-” for Tokio Millennium Re (Bermuda). The outlook for both ratings is stable. The ratings reflect TMR's excellent financial strength, overall favourable business performance and management profile. The excellent financial strength takes into ...
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Generali and PPF create new European insurer
Assicurazioni Generali's board of directors have announced that Assicurazioni Generali and PPF Group N.V., through Ceska pojistovna, a life and non-life insurance group in the Czech Republic, have entered into a preliminary joint venture agreement to create the leading insurer in the Central and Eastern European region. The new joint ...
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Aspen completes $200m cat bond and ILW deal
Aspen has turned to the capital markets to protect against California earthquake and US wind events
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“Solid start” to the year for Willis
Willis saw a 25% increase in earnings in the first quarter, and completed a $457m buyback of stock
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Montpelier Re enjoys 4.4% quarterly return
Montpelier Re has reported income for the first quarter of 2007 of $72.6m. Operating income, which excludes foreign exchange and investment gains and losses, was $60.3m.The combined ratio was 65.6%, which included $35m relating to Kyrill offset in part by $8m of favourable prior period reserve development. Anthony Taylor, chairman ...
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RMS launches new wind index
Risk Management Solutions (RMS) and WeatherFlow, a provider of private weather data, have announced they have partnered to launch the WindX parametric index in time for what is expected to be a highly active 2007 Atlantic basin hurricane season. The WindX system is based on location-specific wind speed values which ...
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AIG subsidiary opens office in Bermuda
Lexington Insurance Company, a member company of American International Group, has announced it has opened a property and casualty insurance underwriting office in Hamilton, Bermuda. “Establishing this new office reflects Lexington's commitment to providing ready access to top-quality products and coverage limits. Risk managers and brokers on Bermuda will now ...
