All Regions LIVE articles – Page 27
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Everest Re full-year profits match 2006
Q4 income down after asbestos reserve strengthening; share buyback to continue
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Scottish Re appoints new board member
Seth Gardner will be replacing Lenard Tessler who has resigned to pursue other opportunities
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New study pinpoints danger of sea surface warming
Benfield scientists say sea surface warming was responsible for about 40% of the increase in Atlantic hurricane activity
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Munich Re America ratings upgraded
Upgrade reflects the significant level of support from parent Munich Re, says AM Best
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MMC appoints Duperreault as CEO
Former ACE man, Brian Duperreault, appointed as president and chief executive officer of MMC
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Allstate profit drops 37% on cat losses
Net income drops to $760m from $1.21bn the previous year; combined ratio up to 95.9%
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Towers Perrin launches French reinsurance operation
Serge Mussard, formerly of Guy Carp, is managing director
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Gallagher Re up for sale
Arthur J Gallagher has confirmed it will sell its reinsurance operations in early 2008
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Record €3.9bn profit for Munich Re
Treaty premiums fall €1.2bn but renewals hailed a success; subprime exposures limited
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Best recognises strong US P/C results
Despite price softening, Best finds industry underwriting profit of $19.3bn
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Significant progress made on market reform
Accounting and settlement, ECF and contract certainty all hailed as successes
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Analysis
Insurers face new challenges
A new survey from Capgemini finds shifts in customer behaviour could provide growth opportunities for insurers prepared to embrace change
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Carvill promotes Smith
Dr Steve Smith to become president of property solutions for ReAdvisory
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Guy Hengesbaugh joins Towers Perrin
Hengesbaugh, former president of PXRE, will become managing principal of Bermuda reinsurance operation
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RAM Holdings hires new CFO
Edward Gilpin joins from ACA Capital Holdings where he was CFO
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AM Best assigns "A-" to JRG Re
Bermuda start-up has a capitalisation of $250m and a lead role within Franklin holdings
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Atradius merges with Crédito y Caución
World’s second and fourth largest credit insurers join forces