All North America articles – Page 41
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National Indemnity ratings affirmed
AM Best believe National Indemnity could withstand the "compound effect of a mega-catastrophe"
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Scottish Re CFO steps down
Scottish Re's chief financial officer Dean Miller will be leaving the company effective 18 May 2007
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New Guy Carp treaty hire
Jonathan Ritz has been appointed senior vice president of Guy Carp's eastern region treaty broking team
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ACE settles with Pennsylvania AG for $9m
ACE has settled all issues arising from its underwriting practices and contingent commissions with the attorney general of Pennsylvania
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Life catastrophe market shaped by 9/11
A new survey confirms that catastrophe reinsurance buying habits have changed significantly since 9/11
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AIG to sue Catlin
AIG is to sue Catlin for allegedly poaching key employees from two US offices
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Gallagher buying spree continues
Gallagher has announced the acquisition of retail insurance broker Tropp & Company
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Allstate to cease writing California property at mid-year
Allstate will stop offering new homeowners policies in California, but is offering a solution through a third party insurer
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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 CEO for Gen Re Life
Steven Mannik has been named president and chief executive officer of General Re Life.
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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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Munich Re in $150m hurricane securitisation
Munich Re has transferred parts of its hurricane exposure in the US to the capital markets.
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Berkshire Hathaway reveals 12% net income growth
Berkshire Hathaway has reported a 12% rise in net income in Q1 2007
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ESG Re takes Deloitte to court
ESG Re has launched a legal action against Deloitte & Touche accusing the accounting giant of negligence resulting in loss of business, according to the Sunday Business Post, an Irish newspaper.ESG is suing Deloitte & Touche (Ireland), Deloitte & Touche in the US and Deloitte & Touche (Bermuda) claiming that ...
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Collins launches ART advisory unit
Collins Capital Advisors will assist re/insurers with investment banking advice and capital markets expertise
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Bach joins Hiscox to grow US business
Hiscox has announced the appointment of Carl Bachto spearhead business development operations in the US.
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Willis is co-lead in $100m quake securitisation
Willis has acted as co-lead manager of an offering of $100m of notes linked to earthquakes in California
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AWAC signs agreement with CV Starr
AWAC will increase its US casualty network through a new relationship with CV Starr
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GR Focus
Picking up the pieces
The era since Eliot Spitzer's bid-rigging allegations has transformed the insurance brokerage market. Steven Ader assesses the impact on its three biggest players.
