Reinsurance
Ceiops and CEBS publish FCD recommendations
The Committee of European Banking Supervisors and the Committee of European Insurance and Occupational Pensions Supervisors have published their recommendations for the supplementary requirements of the Financial Conglomerates Directive.
Earthquakes top reinsurance losses in 2010 according to Guy Carpenter
The earthquakes that devastated parts of Chile and New Zealand were the largest source of losses in 2010, costing the reinsurance industry $8bn (£5.07bn) and $4bn respectively, according to a new report by Guy Carpenter & Company.
Earthquakes top reinsurance losses in 2010 according to Guy Carpenter
The earthquakes that devastated parts of Chile and New Zealand were the largest source of losses in 2010, costing the reinsurance industry $8bn (£5.07bn) and $4bn respectively, according to a new report by Guy Carpenter & Company.
Torus makes senior European appointments
Torus, the global specialty insurer, has appointed Jason Mortimer as European client relationship and business development director.
Torus makes senior European appointments
Torus, the global specialty insurer, has appointed Jason Mortimer as European client relationship and business development director.
AM Best affirms ratings of Russian Re
AM Best Europe has affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Russian Reinsurance Company JSC. The outlook for both ratings is stable.
AM Best affirms ratings of Russian Re
AM Best Europe has affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Russian Reinsurance Company JSC. The outlook for both ratings is stable.
Axa appoints new CEO for Gulf region push
Axa has appointed of Jérôme Droesch as CEO for the Gulf region.
Axa appoints new CEO for Gulf region push
Axa has appointed of Jérôme Droesch as CEO for the Gulf region.
China floods to have “limited impact” on insurers
The worst floods witnessed in China for more than a decade are unlikely to have a significant impact on the insurance industry, Guy Carpenter has claimed.
RAA backs reinsurance reform
The Reinsurance Association of America has voiced support of the Federal License for Reinsurers Act of 2010.
Fitch affirms Lloyd's A+ rating despite pressures
Fitch has today affirmed Lloyd's of London's Insurer Financial Strength rating at 'A+'.
Aspen updates New Zealand loss estimate by $33m
Aspen has announced an updated pre-tax loss estimate for the New Zealand earthquake which occurred in September 2010. Losses are now expected to reach US$53m, revised up from US$20m net of reinstatement premiums.
AM Best positive on Swiss Re after rating revision
AM Best has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a+” of Swiss Re and its subsidiaries.
AM Best positive on Swiss Re after rating revision
AM Best has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a+” of Swiss Re and its subsidiaries.
Paladin exits recycling business
Paladin Underwriting Agency has announced it is not seeking to renew its current waste and recycling risks account for 2011, and has taken the decision to exit the sector as rates fall to levels which are considered unsustainable.
Aon Benfield annual cat report reveals $38bn loss for (re)insurers in 2010
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, has released its Annual Global Climate and Catastrophe Report, which reviews the natural disaster perils that occurred worldwide during 2010.
Aon Benfield annual cat report reveals $38bn loss for (re)insurers in 2010
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, has released its Annual Global Climate and Catastrophe Report, which reviews the natural disaster perils that occurred worldwide during 2010.
Lloyd’s & London market – review of the year: Troubled times
A succession of natural catastrophes got 2010 off to a bad start and the market continued to struggle - but the resolution of Brit’s future and the prospect of consolidation could see the year end on a high. Mairi Macdonald reports.
Post Magazine – 16 December 2010
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Warning over reserves as retirement age rises – Post in print: 16 December 2010
Senior reporter Leigh Jackson outlines the main news from this week's issue of Post, which includes reports that insurers have been urged to review their reserves, as the proposed abolition of the retirement age could see claimants seeking increased…
Warning over reserves as retirement age rises – Post in print: 16 December 2010
Senior reporter Leigh Jackson outlines the main news from this week's issue of Post, which includes reports that insurers have been urged to review their reserves, as the proposed abolition of the retirement age could see claimants seeking increased…
Hardy responds to Beazley withdrawal with share buy-back
Hardy has revealed that the share buy-back programme announced on 26 November 2010 will now commence under existing authority from shareholders and will be administered by Peel Hunt.
P&I faces challenging market in 2011, Willis warns
While investment income in the Protection and Indemnity (P&I) insurance market bounced back to $680m in 2009/10 from a $840m loss in 2008/09, record claims levels, and a continuing gap in the performance of individual P&I Clubs could present challenges…