Reinsurance
Aspen rating placed under review
A.M. Best has placed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Aspen Insurance under review with negative implications.
S&P puts Aspen on creditwatch after Katrina blowout
Standard & Poor's Ratings Services has placed its 'BBB+' long-term counterparty credit rating on Bermuda-based holding company Aspen Insurance Holdings Ltd. on CreditWatch with negative implications. At the same time, Standard & Poor's placed its 'A'…
Partner Re blows its initial Katrina estimate
Bermudian Reinsurer partner Re has updated its Katrina loss estimate, conceding that it is now likely to exceed its original estimate of a hit to shareholders’ funds of no more than 10%.Partner Re now currently estimates that total net impact of the Gulf…
Aon Re study says US hurricane insurance doesn’t pay
An Aon Re study released today purports to show that average expected results for homeowners insurance in hurricane-prone US states are insufficient to cover the cost of capital. The broker said that even before Hurricane Katrina made landfall,…
Aspen blows its retro and more than doubles Katrina net loss estimates
Bermudian (re)insurer Aspen Insurance Holdings has announced that it has updated its net post-tax and reinstatements loss estimate from Hurricane Katrina and the New Orleans flood to $325m-$400m. The loss equates to estimated gross losses to the company…
Willis survey: D&O continues to benefit policyholder
Responses to the Willis index for the third quarter of 2005 by Directors’ and Officers’ Liability insurers from non-US companies continue to show that there are meaningful gains for purchasers of D&O Liability Insurance in both premium rates and coverage…
Aon: broaden cover or lose premium
Half of all European multinationals want greater cover from their property insurers, particularly in relation to business interruption, and would be prepared to trade premium rate reductions in return according to a survey by Aon.
AM Best downgrades "volatile monoline" PXRE
AM Best has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and issuer credit ratings to "a-" from "a" for the reinsurance subsidiaries of the PXRE Group Ltd.
GE confirms (re)-insurance sell-off plan
General Electric (GE) is reportedly planning to sell off all of its remaining (re)insurance operatio...
Recruitment moves
Resume - Recruitment moves
Monte Carlo round table
Monte Carlo round table
Why should Katrina be a market-turning event?
Mark Geoghegan thinks the unthinkable - that Katrina won't change rates in the way reinsurers are hoping
Plumeri calls for action on TRIA
Joe Plumeri, chairman and chief executive of Willis Group, has issued a rallying cry for the extensi...
Alea's downgrade won't stop you using them, and models can't be trusted
Rethink is where you tell us what is happening in your industry - and this week's results are a real eye-opener..
What you must know about hours clauses disputes
The damage is done, the clear-up in underway and the first disputes are emerging. Ned Beale of Kendal Freeman brings you the essential legal briefing
Hurricane Katrina ups claims-settlements pressure
Insurance companies are likely to come under political pressure to pay claims arising from Hurricane...
Global reinsurance sector stable, claims Fitch
Fitch Ratings' latest global report has maintained its 'stable' rating outlook on the global reinsur...
Zurich issues estimate for European flooding bill
Zurich Financial Services Group (Zurich) has announced that, based on preliminary estimates, it expe...
Don't look backwards to rate the future!
Inside View
Gen Re's Brandon served Wells notice
Berkshire Hathaway has announced that on 8 September 2005, Joseph Brandon, CEO of General Reinsuranc...
Hannover Re hit hard by Katrina
Hurricane Katrina is possibly set to become the most-expensive-ever natural disaster suffered by ins...
Integro sprints ahead
Mairi Mallon interviews Roger Egan, CEO of new broker on the block Integro, who reveals that the company has already secured its first large clients and is set to move into the London market with a new office opening this month
Why this year's meeting is going to be hard work
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