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Reinsurance

Allied World Chile quake losses up to $75m

Allied World has estimated that the recent earthquake in Chile will cost it in the range of $55m - $75m, while Windstorm Xynthia, which hit Europe earlier this month, will cost the Bermudian (re)insurer $2m.

CCRIF wants more coverage

The Caribbean Catastrophe Risk Insurance Facility is urging its international donor partners for assistance to enable it to step up the coverage available to member countries.

Folding plug wins Brit design award

British student, Min-Kyu Choi from London, has won the Brit insurance design of the year 2010, for his reinterpretation of the plug, beating over 90 international nominees in the process.

Bermuda: Beware reliance on ERM models

John Molbeck, president and CEO of HCC Insurance Holdings warned delegates at the World Insurance Forum this week that (re)insurers should be wary when using models as part of their enterprise risk management strategy.

Jelf unveils new non exec

Jelf has appointed Jonathan Kelly as a non-executive director. Mr Kelly has previously worked with Catlin and SBJ.

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