Reinsurance
Galvin joins Ceiop's board
The Committee of Insurance and Occupational Pensions Supervisors has appointed two new managing board members Bill Galvin (United Kingdom, The Pensions Regulator) and Damian Jaworski (Poland, KNF).
Insurance Insight Interview: Michaela Koller
The European insurance industry is facing a time of increasing regulation and instability. Jonathan Swift talks to the director general of the CEA, the European insurance and reinsurance federation, about lessons to be learnt from banking, Solvency II,…
Hurricane Alex makes landfall on Texas-Mexico border
Hurricane Alex drenched the Texas-Mexico border in the early hours on Thursday as the powerful storm slammed into Mexico's Gulf coast, spawning tornadoes and flooding towns, but sparing US oil wells.
House passes financial reform bill
The US House of Representatives approved a landmark overhaul of financial regulations on Wednesday but the Senate put off action until mid-July, delaying a final victory for President Barack Obama.
Reinsurance pricing resists pressure
Major losses from the Chile earthquake and storms in Australia in the first quarter of 2010 have had little impact on pricing in the global reinsurance market.
Torus seals deal to "accelerate" European expansion
Torus has today completed the acquisition of Glacier Insurance AG from the Glacier Group.
Ernst & Young names Baldwin new insurance boss
Andy Baldwin has been named managing partner of Ernst & Young’s Europe, Middle East, India and Africa Financial Services business.
Torus seals deal to "accelerate" European expansion
Torus has today completed the acquisition of Glacier Insurance AG from the Glacier Group.
Ernst & Young names Baldwin new insurance boss
Andy Baldwin has been named managing partner of Ernst & Young’s Europe, Middle East, India and Africa Financial Services business.
Post in print - 1 July 2010
Post reporter Amy Ellis provides a 60-second round-up of the major news headlines from tomorrow's issue of Post.
Ex-AIG's Cassano defends no-losses proclamation
The former head of the AIG unit that led to a $182bn bailout pledge from taxpayers stood by a 2007 proclamation that the insurer would not lose even a dollar on a portfolio of securities that included subprime mortgages.
Post Magazine – 1 July 2010
Subscribers to Post can now read the latest edition online as a digital interactive e-book.
40% chance of storm passing Gulf spill by end of August: RMS
RMS suggested there is just over a 15% chance that a tropical storm or hurricane will pass within 100 miles of the Macondo oil well before the end of July, rising to more than 40% by the end of August, requiring precautionary evacuation of the…
Alex becomes a hurricane
Alex has intensified to become the first hurricane of the 2010 season, making it the first June hurricane in the Atlantic since 1995. Hurricane forecast to hit Texis/Mexico border on Thursday.
Aon Benfield recommends internal models to boost reinsurance value under Solvency II
Aon Benfield has launched a new report that examines the many different facets of the Solvency II framework ahead of the scheduled 2012 inception of the protocol.
Willis Re promotes Byng
Willis Re has named James Byng Property Resource group leader for its International and Specialty reinsurance business.
Aon Benfield recommends internal models to boost reinsurance value under Solvency II
Aon Benfield has launched a new report that examines the many different facets of the Solvency II framework ahead of the scheduled 2012 inception of the protocol.
Lloyd's insurer continues diversification with Swiss plan
Catlin's plan to establish a reinsurance company in Switzerland has been described as another significant move by the group to diversify away from its Lloyd's roots.
Non-life weathers storm
In the UK non-life premiums fell 3.1% to $92bn (£61bn) in 2009 (which ranked it fourth behind the US, Japan and Germany) out of a total of $309bn (which ranked the UK third behind the US and Japan), and that insurance penetration was 12.9%, according to…
European risks not "significantly" increased claims Ceiops
Risks have shifted in the EU/EAA area, although the recent developments concerning sovereign risk in the Euro area means they have not significantly increased compared to 2009.
European risks not "significantly" increased claims Ceiops
Risks have shifted in the EU/EAA area, although the recent developments concerning sovereign risk in the Euro area means they have not significantly increased compared to 2009.
Board director Pain to step down at FSA
The Financial Services Authority has announced that Jon Pain, managing director of supervision and an FSA board member, has become the latest senior member to announce his intention to leave the organisation in 2011.
Ascot and Hannover form power pact
Inter Hannover and Ascot Underwriting have formed a dedicated technical underwriting vehicle for the power and utilities industry.
Alex to strengthen as hurricane watches issued for Texas and Mexico
Tropical Storm Alex, the first named system of this year’s Atlantic hurricane season, strengthened as it forced the evacuation of some offshore rigs and pushed swells toward a slick left by the Deepwater Horizon spill.