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Swiss Re and Mapfre take a bigger slice of Admiral
Admiral has extended its existing UK car insurance reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re into 2014.
Reinsurance |
03 Feb 2012 
Munich Re profits down 70%, GWP up 9%
Exceptional major losses and “burdens from the financial crisis” slashed Munich Re’s profit last year by more than 70% to €0.71bn from €2.43bn in 2010. This was despite gross written premiums being up by almost 9% to €49.6bn (€45.5bn).
Reinsurance |
02 Feb 2012
Ace boss Greenberg sees "firming rates" in Q4 as 2011 profit falls 49% to $1.59bn
Ace Insurance has reported 49% change in its year end profit having reported net income of $1.59bn (2010: $3.11bn) in 2011.
Insurer |
01 Feb 2012
Lancashire "best placed" for price rises
Lancashire Holding’s decision to increase its reserves for the Japan earthquake and Thai floods removes uncertainty that exists with other firms and makes it a good buy, according to analysts at Jeffries.
Reinsurance |
31 Jan 2012
Lancashire increases Japan quake loss estimate by 56%
Lancashire Holdings has increased its estimated exposure to the Tohoku earthquake by $42.2m, or 56%, to a net loss estimate of $117.3m (£74.8m).
Reinsurance |
30 Jan 2012
The insurance business resource library
Insurance Hound
A free and easy-to-use digital library of briefings, white papers and reports updated on an hourly basis
Renaissance Re adds $45m Thai losses
Renaissance Re estimates the flooding in Thailand will cost it $45m (£29m) from its fourth quarter 2011 results but it said revisions of the New Zealand earthquake and the Tohoku earthquake losses are not expected to be significant.
Reinsurance |
26 Jan 2012
Brit reinsurance boss Turner quits as insurer merges divisions
Brit reinsurance boss Jonathan Turner has left the firm as the business merges its reinsurance and global markets strategic business units.
Reinsurance |
25 Jan 2012
HCC: Thai flooding cost $10m in Q4
HCC Insurance Holdings has revealed fourth quarter Thailand flooding catastrophe loss estimates of $10m (£6.4m), taking the year’s losses to $117m.
Insurer |
25 Jan 2012
Montpelier Re and Mitsui stay quiet on Hardy bids
Bermudan-based reinsurer Montpelier Re and Lloyd’s insurer Mitsui Sumitomo have refused to comment on rumours that they will bid on troubled Lloyd’s insurer Hardy.
Insurer |
24 Jan 2012
European risk and insurance intelligence
Insurance Insight
Your one-stop-shop for all the news in the European, Asian and Middle Eastern insurance markets
Thai cat fund could prove too costly for reinsurers
International reinsurers will have to be “seriously convinced” the Thailand government’s catastrophe fund is profitable if they are to insure it.
Reinsurance |
24 Jan 2012
Market moves: The busy world of broking
As January draws to a close, the past week has been a busy time in the world of insurance broking. Aon Benfield, Willis and Marsh all welcomed new chief executives, while Towergate, UIB and Prime Professions also made moves for new staff. However...
Insurer |
24 Jan 2012
Cruise ship disaster: Hannover Re hit with multimillion pound loss
International reinsurer Hannover Re has suffered a marine hull loss of €30m from the Costa Concordia disaster.
Reinsurance |
23 Jan 2012
Barbican makes fresh Omega bid
Barbican sent a letter to rival Omega this week outlining a “merger of equals”.
Lloyd's/London |
20 Jan 2012
Munich Re suffers multi-million euro loss in ship disaster
Munich Re expects its share of claims from the stricken cruise ship Costa Concordia to be in the mid double-digit million euro range.
Reinsurance |
19 Jan 2012
Comment
Interview
Interview - Bobby Gracey & Dr James Lygate: The future of forensics
Despite an abrupt and fractious first meeting many years ago, Bobby Gracey and Dr James Lygate are now business partners...
View from the top
View from the top: Value added pacts
The industry must band together to push the added value that insurers offer, says Elliot Miller.
Updating your subscription status 
Events
Against the grain 2011: A series of guest articles from expert commentators
Designed to stimulate new ideas, fresh thinking and innovation in the motor claims market.
The new world for insurance: business perspectives on phase II
The issues driving domicile have become a topic of ongoing interest to the insurance industry. This is why we decided that it was a subject worthy of some closer investigation.
Swiss Re and Mapfre take a bigger slice of Admiral
Post |
03 Feb 2012
Axa prepares to screen £20m marketing campaign
Post |
01 Feb 2012
Groupama commercial underwriters relocate to UK regions
Post |
03 Feb 2012
Cunningham Lindsey’s Roberts steps down
Post |
02 Feb 2012
Zurich targets food and sports sectors
Post |
02 Feb 2012
Editor's comment: Oxygen offers lessons for all
The ‘breath of fresh air’ puns were never too far away when the London market broker Oxygen was launched in 2004 with...