News – Page 498
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KPMG reveals reservations over principles-based regulation
Insurers are concerned that the FSA will struggle to engage consistently, according to KPMG
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SCOR ratings unaffected by Converium bid
S&P's ratings on SCOR are unaffected by new Converium bid
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AWAC grows net income by 16%
Allied World Assurance Company has reported net income of $113.9m for Q1 2007
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Carvill joins forces with AIR
Carvill has announced an agreement with AIR to provide modelled support for the Carvill Hurricane Index
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PXRE woes continue with $7.2m Q1 loss
PXRE Group has announced a net loss before convertible preferred share dividends of $7.2m for Q1 2007
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Tawa acquires and renames CMS
Tawa UK has bought run-off insurer Continental Management Services, and renamed it KX Re
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Lloyd's: Emerging risks impeding business development
Increased concerns at board level regarding terrorism is causing businesses to avoid investing in politically sensitive areas
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Travelers and Longpoint Re in cat bond programme
Travelers has announced the establishment of a multi-year catastrophe bond programme.
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New general counsel for Zurich
Zurich has announced Reto Schiltknecht as group general counsel
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Atos pilots new electronic trading platform
Atos Origin is piloting a new electronic trading platform in the London market.
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Swiss Re reports 54% jump in Q1 earnings
Swiss Re recorded earnings of CHF1.3bn in Q1 2007
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New CEO for Gen Re Life
Steven Mannik has been named president and chief executive officer of General Re Life.
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Max Re confirms name change
Max Re has announced that the company has changed its name from Max Re Capital to Max Capital Group
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Max Capital reports "strong start" to 2007
Max Capital has reported net income for the three months ended 31 March 2007 of $80m
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AIR collaborates on Ren Re hurricane project
AIR has announced that it has collaborated on the “RenaissanceRe Wall of Wind” hurricane simulator.
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Management changes at Towers Perrin
Towers Perrin has announced that Robert Hogan has been appointed chief operating officer
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Best upgrades Scottish Re to "B+"
AM Best has upgraded the financial strength rating to “B+” (Good) of Scottish Re
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Arch launches new risk product
Arch Insurance has announced it is offering a new product for private companies.
