Reinsurance
Terror and reinsurance in 2010
While state-run pools take much of the terrorism reinsurance burden, there is a specialist market growing within Lloyd's. Katherine Blackler looks at how well the risks of terrorism are understood and what 2010 may bring
Aviation: Turbulence ahead
The series of air disasters in 2009 were a human tragedy, yet made for only an average loss year for reinsurers. The market should be prepared for tougher times though, argues Eric Alexander
Renewals season sees steep declines
Rates down by as much as 15% in some sectors while rates fall across the board at 1 January renewals, writes Katherine Blackler
Capital reserve rethink on industry agenda
The demand of Solvency II for companies to hold greater capital reserves will apply to some, though not all, in the industry, leaving many to consider the new requirements very carefully, writes Henry Keeling
Rates 'stable to rising'
Our roundup of reader opinion reveals that, while reinsurance rates remain broadly stable, some believe that pricing is beginning to rise.
Aon Benfield Fac launches web portal
The wave of electronic broking plans has continued in the square mile as Aon Benfield Fac launched web portal FAConnect
Haiti disaster costs mount
More than 180,000 people are feared dead after a massive earthquake struck the Caribbean island of Haiti last month to the South-west of the capital, Port-au-Prince.
Obama suffers primary setback
US president Barack Obama's healthcare reforms are in danger after Republican Scott Brown's stunning primary election victory in the commonwealth of Massachusetts.
Warning over scrapping retirement age
The Forum of Private Business has warned that government proposals to scrap the default retirement age threaten the future of SMEs across the UK and could lead to a raft of "painful and costly" legal disputes.
Hoban pledges 'dedicated' resource for insurance
The Conservative Party has attempted to allay the insurance industry's fears that it will be tarred with the same brush as banks, if the party comes to power this year and scraps the current regulator, by promising 'dedicated resources' to the sector.
EMC ups guidance
EMC, the US property/casualty insurer, said it is upping its operating earnings guidance for 2009.
Willis appoints interim CFO
Stephen Wood, Willis global group financial controller, replaces Patrick Regan on 19 February.
Mapfre increases international business premiums
Spanish insurer Mapfre also increases its attributable result to €926.8m, and added consolidated revenues exceeded €18.8bn, a 6.3% rise over 2008.
Mapfre increases international business premiums
Spanish insurer Mapfre also increases its attributable result to €926.8m, and added consolidated revenues exceeded €18.8bn, a 6.3% rise over 2008.
Senior trade credit broker defects to Aon Benfield
Political risk and trade credit broker Steve Hart has moved from Willis to Aon Benfield, Reinsurance has learned.
FM Global becomes admitted reinsurer in Labuan (Malaysia)
Property insurer FM Global has become an admitted reinsurer in Labuan, a federal territory in Malaysia, to serve its clients’ reinsurance needs in the region.
Ace reports strong profits increase
Ace, the Switzerland-based (re)insurer, said that fourth quarter and yearly pretax profits grew.
CEIOPS agrees to co-operate closer with Swiss regulator
Members have also decided the Swiss supervisory regime of reinsurance undertakings equivalent to that applying to EU reinsurers.
CEIOPS agrees to co-operate closer with Swiss regulator
Members have also decided the Swiss supervisory regime of reinsurance undertakings equivalent to that applying to EU reinsurers.
US commercial insurance buyers take issue with Obama's budget blueprint
The Risk and Insurance Management Society, expressed its deep concern with plan to reduce or elminate the federal underpinnings of terrorism insurance.
Obama aims to eliminate terrorism subsidy for insurers
Barack Obama has proposed eliminating insurers' terrorism subsidy in his 2011 Budget.
Munich Re's profits jump in 2009
Munich Re has reported that its profits rose to €2.56bn in 2009 from €1.58bn in 2008. The Germany-based reinsurance giant's fourth quarter profit also grew substantially, jumping to €0.78bn from €0.11bn in the fourth quarter of 2008.