All Reinsurance articles
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Online onlyNoonan accuses Transatlantic board of time wasting
Validus CEO Ed Noonan has accused Transatlantic board of wasting time and a failure to pursue the best possible outcome for its shareholders.In a letter sent directly to Transatlanic shareholders, Noonan said: “Since Validus made its superior proposal on July 12, Transatlantic’s board of directors has wasted more than six ...
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Online onlyLiberty Mutual Re appoints COO
Liberty Mutual Reinsurnace has appointed Michael Finnegan as chief operating officer.Finnegan takes over from James Hinchley, who was promoted to chief underwriting officer for Liberty Mutual’s Commercial Markets property and casualty business unit, which provides a broad range of commercial insurance products to mid-sized and large companies through brokers and ...
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AnalysisMike Wilkins, IAG
IAG’s Mike Wilkins pulls no punches when talking about his company’s unstable past, which just makes him more resolute about the future, finds Lauren Gow
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Online onlyHardy makes H1 loss, appoints new COO
Lloyd’s insurer Hardy has made a loss after tax of £17.1m for the first half of 2011, compared with a profit of £2m in the same period last year.The loss before tax was higher, at £20.7m, because a £3.7m tax credit reduced the net loss.Hardy’s results were hit by the ...
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AnalysisSolvency II: Test of time
As the timetable for Solvency II is stretched yet again – this time to 2014 – David Blackman looks at the hurdles encountered so far and the many still to be faced
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Online onlySwiss Re Q2 profits up
Swiss Re has achieved a 15.6% return on equity after a strong performance in the second quarter of 2011.Group net income increased 18% to $960m in the second quarter of 2011, compared with $810m for the same period last year.The reinsurer’s property & casualty unit reported a combined ratio of ...
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Online onlyFosh defends Novae business restructure
Novae boss Matthew Fosh has defended recent changes to the specialist (re)insurer’s business structure after posting first half losses.Novae reported a net loss attributable to shareholders of £24.9m, down from £10.8m profit at 30 June 2010.But Fosh said despite the tough market conditions in 2011, the shift in business mix ...
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