Reinsurance
Aon Re: industry changing event needed to keep rates level
An industry-changing event of $15bn to $25bn of ceded losses will be needed to keep reinsurance rates at current levels, and a heavy ceded loss of between $40bn and $50bn to push the price of reinsurance up, according to Bryon Ehrhart, president and…
Guy Carpenter warns of
The subprime crisis has meant that the (re)insurance industry is "witness to a new type of catastrophe", according to the chief executive of Guy Carpenter.
Hannover Re expecting minor losses from Hurricane Gustav
Wilhelm Zeller, chief executive officer of Hannover Re, took the opportunity at a press breakfast in Monte Carlo to give an early indication of the scale of losses from hurricane Gustav , which swept across the Gulf of Mexico and Louisiana at the end of…
Heightened retro prices lead to Munich Re unable to place a storm risk
Heightened retrocessional reinsurance prices have led to Munich Re being unable to retrocessionally get additional reinsurance for a storm risk it wanted to place, said one of its senior reinsurance writers.
Exodus of Benfield brokers not expected before January
The exodus of Benfield brokers after the takeover of Aon is not expected until after the 1 January renewals season, sources have told Reinsurance .
Axis CEO Charman says XL is an 'industry takeover target'
XL, the Bermuda-based (re)insurer, is in the sights of the (re)insurance industry, Axis chief executive John Charman was reported to have said at an industry conference.
Hurricane Ike 'intensifies explosively' into Cat 4 hurricane
Hurricane Ike is heaading towards the US SouthEast coast after being upgraded to a Category 4 hurricane.
Four hurricanes forecast for September
A Colorado State University forecast is calling for two major hurricanes and two smaller ones to form in the Atlantic basin in September.
Global Aerospace adds another insurer to pool
Mapfre Empresas is joining the Global Aerospace underwriting pool with effect from 1st January, 2009. .
Quietly optimistic
Monte Carlo Rendez-Vous Preview
Gustav loss estimates
Insured losses from Hurricane Gustav could range between $3.8bn (£2.1bn) and $10bn, according to ini...
Shock resignation hits close to home for RSA
RSA has had an eventful week, with its share price hitting a 12-month high (161.9p on Tuesday) and i...
Hurricane Gustav could be one of the top 10 costliest hurricanes to hit US
(BESTWIRE)-- If initial insured-loss estimates are correct, Hurricane Gustav will rank among the top 10 costly hurricanes to ever affect the United States.
Tropical Storm Ike predicted to brush Miami - TSR
Tropical Storm Ike, the latest in a stream of Atlantic hurricanes in the last week, could brush with Miami as it continues its journey to the US coast, Tropical Storm Risk has revealed.
Marsh not interested in counterbidding for Benfield
Marsh & McLennan, the US financial services company that owns brokers Marsh and reinsurance Guy Carpenter, has said it has "no interest" in pursuing a counterbid for UK reinsurance broker Benfield.
Democratic National Committee endorses creation of national Cat fund
(BESTWIRE) The Democratic National Committee wrapped up its presidential nominating convention in Denver on Aug. 28, with a platform that includes a plank endorsing the creation of a national catastrophe fund.
Gustav damage could top $10bn claim experts
Insured losses from Hurricane Gustav could range between $3.8 bn and $10bn, according to initial estimates based on the latest information from catastrophe risk experts, Risk Management Solutions and AIR Worldwide.
Gustav downgraded again
Gustav is now quickly losing strength and has been downgraded to a tropical storm with winds of 60mph (95km/h), according to the Florida-based National Hurricane Center (NHC).
Gustav makes landfall
Hurricane Gustav has arrived on the Louisiana coastline, the US National Hurricane Center has reported.
Hurricane Gustav downgraded to Cat 2 hurricane
The US National Hurricane Center has downgraded Hurricane Gustav to a "Category 2" hurricane.
MMC linked with Benfield counter bid
US broking giant Marsh and McLennan is considering trumping Aon’s agreed £844m takeover deal for Benfield.
RMS: Gustav will be "critical test" of New Orleans flood defences
Hurricane Gustav could offer a "critical test" of whether New Orleans could handle such a powerful surge without being overwhelmed, as happened during Hurricane Katrina, RMS has claimed.
He's back!
Blog-Re.com
The ratings war
Ratings