Willis, Munich Re and Allianz seal European windstorm deal

Dark storm clouds and lightning broken by the sun shining down onto a calm sea

Perils AG, the Zurich-based company providing industry-wide European catastrophe insurance data, today announced that in the first six months of 2010 the total placements of insurance risk transactions based on Perils industry loss index exceeded $250m.

The Perils industry exposure & loss database is available to all interested parties via annual subscription. The database contains industry property sums insured and loss information for nine European

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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