Guy Carpenter & Company has published a new report “Casualty Specialty Update,” which covers the areas of liability catastrophe modeling, European environmental liability legislation and the impact of Basel II banking accords on insurers and reinsurers. George Carrington, Managing Director …
Bermuda’s Flagstone Reinsurance Holdings Limited announced two senior management appointments for its European subsidary, Flagstone Reassurance Suisse SA. Guy Swayne has been appointed CEO, subject to approval by the Federal Office of Private Insurance in Switzerland. Jacques de Bruijn joins …
France’s SCOR Group lost no time in taking over operations at newly-acquired Swiss reinsurer Converium AG, and putting its own people in top management positions. Converium’s former executives, including Chairman Markus Dennler and CEO Inga Beale, stepped down. A new …
Research and Markets has added “Snapshots France Insurance 2007” to their offering in its Snapdata series. It provides “2005 year-end market size data, with 2006 estimates, 4 years of historical data and five-year forecasts,” said the bulletin. It also “gives …
France’s AXA Group announced that it has successfully completed the sale of its principal Dutch insurance operations, comprising 100 percent of AXA Netherlands, Winterthur Netherlands and DBV Netherlands, for a total cash consideration of €1.797 billion ($2.458 billion). AXA announced …
XL Insurance, the global insurance operations of Bermuda’s XL Capital Ltd, has announced an increase of its underwriting capacity for construction projects, from $40 million to $100 million per project. John Gallagher, XL Insurance’s Chief Underwriting Officer — Global Property, …
France’s SCOR Group posted impressive gains for the first half of 2007, with net income after tax of €181 million ($247 million), a 77 percent increase over the same period last year. Gross premiums written for the period were €2.124 …
Zurich-based Converium Holding AG reported strong first half results for the second quarter of 2007, with 2007 second quarter net income of $46 million, and $197 million for the first six months of the year, a 58 percent increase. Other …
A hot dry summer coupled with murderous arsonists has resulted in the deaths of at least 60 people, as devastating brush fires continue to rage uncontrolled across large parts of Greece. The tinder dry brush and the rugged terrain have …
Bermuda-based PartnerRe Ltd. announced that “Partner Reinsurance Europe Limited, a wholly- owned subsidiary of PartnerRe Ltd., based in Dublin, will, from January 1, 2008, be the principal reinsurance carrier for PartnerRe’s business underwritten in France, Ireland, Switzerland and Canada.” Rating …
