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PartnerRe announces windstorm losses
PartnerRe has announced that claims relating to its exposure to Windstorm Erwin, which hit Northern Europe in early January, are expected to be between $50-$60m.
What the papers said this week
The Times Reinsurers undercut each other last year and are at risk of sending premiums into a downw...
Appointment at Munro Insurance Consultants
Munro Insurance Consultants has made two senior appointments. Derek Richardson joins as associate di...
Appointment at Glencairn
Glencairn has made Peter Cheesman manager for modelling solutions. Joining the reinsurance division,...
XL Capital adds £40m to hurricane losses
Weather Report
Appointment at Tokio Marine Global
Adrian Ballardie has joined Tokio Marine Global as chief underwriting officer, having spent 10 month...
AM Best comments on Munich Re announcement
AM Best has announced that the financial strength rating of A+ (Superior) (with a stable outlook) and the issuer credit rating of “aa” (with a negative outlook) of Munich Re remains unaffected following the company’s revised earnings forecast for 2004 …
An aviation underwriter
Bruce Carman, Atrium's Syndicate 609 war underwriter, takes time out of a crammed schedule to apprise Guy Anker of just what his day-to-day routine entails
Appointment at Monument
Monument, Primary Group's Lloyd's and international markets broker, has made several promotions with...
Appointment at Carvill
Independent reinsurance intermediary Carvill has made Patrick Figorito senior vice-president. Mr Fig...
Appointment at Arch (Europe)
Arch Insurance Company (Europe) has made Knud Christensen chief administration officer. He has also ...
Top three not expected to lose share
The top three brokers are unlikely to lose market share as a result of the Spitzer inquiry, accordin...
Benfield releases renewals report
Despite a second year of massive catastrophe losses, increasing competition is already forcing underwriters to choose between sacrificing premiums, profit or capital, according to a comprehensive report on the 2004/5 reinsurance renewals from Benfield.
PCS expands services
ISO's Property Claim Services (PCS) unit has expanded its services to include loss estimates for potential catastrophic terrorism losses. PCS today announced it will assign catastrophe serial numbers to potential terrorism events likely to have caused at…
Appointment at Atrium Underwriting
Atrium Underwriting has made James Joll non-executive director. He is currently a non-executive dire...
Industry in tsunami mitigation pledge
The insurance industry has pledged its support to limiting the effects of future tsunamis, following...
Broker reports find growing use of modelling
Two broker reports on the recent reinsurance renewal season have concluded the market has held some ...
AM Best affirms Hannover Re subsidiary rating
AM Best has affirmed the financial strength rating of A- (excellent) of Hannover Life Reassurance (UK) (HLRUK) and assigned an issuer credit rating of “a-”. The rating outlook is stable.
Guy Carpenter report looks at US renewals
Guy Carpenter has released its annual report on pricing at renewals. Titled: US Reinsurance Renewals at January 1, 2005, the report found pricing generally to be flat to slightly down.
Equitas non-exec takes role at Atrium
Atrium Underwriting has appointed James Joll as a non-executive director with effect from 1 January 2005.
2004 record year for catastrophes, claims Swiss Re
According to preliminary Swiss Re sigma estimates, more than 21 000 people around the world lost their lives as a result of natural and man-made catastrophes in 2004. The catastrophes caused overall economic losses of about $105bn worldwide.
Terrorism cover in demand, says Aon report
A new study released by Aon has found that 57 percent of companies studied are facing new issues in the risks that they face and have decided to take up some kind of terrorism insurance – an increase over the 24 percent found earlier this year.