All North America articles – Page 32
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Ace expands risk team
John Nilson has been appointed to the position of senior vice president for risk management
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Carvill and TFS form broker
The new partnership is a response to the increased interest in insurance derivatives
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Sub-prime exposure affects Scottish Re
Moody's has changed the outlook on Scottish Re to stable from positive as a result of the company's US sub-prime exposures
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Max Specialty names chief marine underwriter
Michael Miller has joined Max Specialty as chief underwriting officer
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Swiss Re and Ascendant in cat swap
Reinsurers take part in inaugural catastrophe derivatives trade
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Dean spares Mexico; losses above $400m unlikely
Dean is “most intense Atlantic hurricane to make landfall in two decades”
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US re/insurers to escape subprime crash
The “conservative” US P/C industry’s exposure to subprime is less than $15bn, says Moody’s
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S&P: testing times ahead for GMIs
GMIs face a challenging second half of the year in the face of a flagging p/c market, according to a new report by S&P
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New CEO for Willis Minnesota
Alan Thomas joins Willis from Wells Fargo Insurance Services
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Cat market quiet as Dean approaches Mexico
Dean is expected to have a limited impact on the ILW market as it misses US
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XL ratings affirmed
S&P affirm XL’s ratings, with a stable outlook, but this is partially offset by “inconsistent earnings performance”
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Analysis
Is subprime the next Enron?
Professional liability re/insurers prepare for the fallout of the US subprime collapse
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Subprime collapse ups liability claims risk
D&O and E&O costs could rise as a results of the US sub-prime crisis, warns Marsh
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Munich Re buys stop loss insurer
German reinsurer increases stake in Cairnstone from 25% to 100%
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$2bn losses expected as Dean batters Jamaica
Cat 5 Hurricane Dean is expected to intensify as it heads towards Cayman
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Scottish Re North America CEO steps down
Scottish Re North America president and CEO Cliff Wagner leaves the company; Goldean steps in
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RMS and Insight form new underwriting service
The new venture provides US property insurers with direct access to RMS models and Insight’s analytics