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Employers Re
Employers Re chief executive Dave Calhoun is moving on after only a year in the job. The move is seen by many as a step on Mr Calhoun’s path to the top job at GE Capital; his move to Employers Re last year was seen by many as a rung up on the..
Online Published Date:
09 February 2000
Appeared in issue:
639 - 09 June 2000
Swiss Re/Cigna
Through its subsidiary Life Re of America, Swiss Re is to acquire the life reinsurance business of US insurer Cigna in a deal worth $170mn. Not all of the unit’s lines will be sold, however. Life Re will take on the US individual and group..
Online Published Date:
09 February 2000
Appeared in issue:
639 - 09 June 2000
Hannover Re
A push into life and health reinsurance has paid dividends for Hanover Re. Despite recording a slightly decreased pre-tax profit in 1999, the company was cushioned from the worst impact of natural catastrophes by an improved performance of the life..
Online Published Date:
09 February 2000
Appeared in issue:
639 - 09 June 2000
Scor
French reinsurer Scor has had its ratings confirmed by ratings agency Standard & Poor’s (S&P) and has been taken off CreditWatch negative. The company’s outlook, though, remains negative.
S&P praised the company’s..
Online Published Date:
09 February 2000
Appeared in issue:
639 - 09 June 2000
CNA Re
A desire for a more united approach to underwriting is behind the move by CNA Re to form a new Global Catastrophe Unit. The unit, to be based in Chicago, will lead a more co-ordinated approach to property catastrophe underwriting, especially for..
Online Published Date:
09 February 2000
Appeared in issue:
639 - 09 June 2000
Munich Re
Munich Re has made it clear that it will defend its global ‘number one’ position – even at high cost. Chief executive Hans-Jürgen Schinzler said that the company was actively seeking to become ‘number one’ in life..
Online Published Date:
09 February 2000
Appeared in issue:
639 - 09 June 2000
ING
Dutch group ING is to combine its reinsurance operations into a single unit named ING Re. The company said the move was in response to the increasing globalisation of the reinsurance sector.
The company said that it would seek to grow organically,..
Online Published Date:
09 February 2000
Appeared in issue:
639 - 09 June 2000
VHV
German mutual insurer VHV is under pressure to buy back a large part of the portfolio of the Switzerland’s Veritas Reinsurance Corporation (Veritas Re). The move comes five years after VHV sold Veritas Re to Californian investors and shows..
Online Published Date:
09 February 2000
Appeared in issue:
639 - 09 June 2000