Reinsurance
No 'class of 2005', and prices are only going UP!
Charles Werner Skrzynski (CWS), chief executive officer of XL Re Europe, answers Eric Alexander (EA)'s probing questions on the state of the market after Katrina and Rita
Katrina hits Max Re Capital Q3 results
Max Re Capital has reported a net loss for the three months ended September 30, 2005 of $41m, compared to a net loss of $9m for the three months ended September 30, 2004.
AM Best affirms Partner Re France rating
AM Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” of PartnerRe S.A. (PartnerRe SA) (France). The outlook on both ratings remains stable, in line with the outlook of its ultimate parent company…
Hiscox profit hit by revised hurricane hits
Hiscox said this morning that its estimated loss from Hurricane Wilma was $45m. It has also revised its estimates from previous hurricanes. Hurricane Katrina is now estimated to have cost $125m, up from $15m, although estimated loses from Hurricane Rita…
Wilma bill could reach $12bn
Risk Management Solutions has increased its estimate for U.S. insured losses from Hurricane Wilma to $8bn (£4.5bn) to $12bn (£6.72bn) from its original estimate of $6 to $10 billion.
Endurance posts Q3 loss
Endurance Specialty Holdings is the latest company to be battered by Hurricane Katrina, as it reported a net loss of $377m for the third quarter of 2005 versus net income of $26.8m for the same period of 2004.
Quanta updates hurricane loss estimates
Quanta Capital Holdings has announced an update of its preliminary loss estimates for hurricanes Katrina and Rita.
Atrium increases its estimate of net pre-tax losses
Atrium has increased its estimate of net pre-tax losses from Hurricane Katrina to £19m ($33.6m) from...
Catlin completes initial review
London Market News
Hampden Agencies makes claims in wake of Katrina and Rita
Hampden Agencies, the Lloyd's members' agent, claims that in the wake of the "market-changing Katrin...
FSA to curb use of 'black box' modelling
London Market News
Lloyd's faces new "defining moment"
London Market News
From our correspondent
The reinsurance industry could rethink its position on catastrophe exposures again after TV pictures...
Penny Black's insurance week
Always keeping her finger on the pulse, Penny has been watching the Tory party leadership battle wit...
Uncertainty over Goshawk run-off
Goshawk's hopes of selling the liabilities of its loss-making subsidiary, Rosemont Re, could be scup...
Blowing in the wind
Hurricane Wilma caused devastation over Florida earlier this week, killing at least six people and l...
Commercial insurance premiums take sharp downward turn
Commercial insurance premiums took a sharp downward turn in the third quarter of 2005, according to ...
Hurricanes Katrina and Rita - Stories from the storm
Claims Supplement
Jeffrey Greenberg tipped to launch new venture
London Market News
Fitch downgrades XL Capital
Fitch Ratings has downgraded ratings of XL Capital (XL) and its property/casualty reinsurance subsidiaries by one notch.
New Bermuda reinsurer to pick up Chubb business
Stone Point Capital has announced the formation of Harbor Point, a global reinsurance company to be based in Bermuda.
Florida clears up after Wilma
Florida has begun to clear up the devastation left by Hurricane Wilma as it swept across the US state killing at least six people.
XL third quarter figures point to overall loss for the year
XL Capital has announced, based on current loss reports and estimates, it expects pre-tax net losses arising from Hurricanes Katrina and Rita will be approximately $1.16bn (£652m) and $263.6 million, respectively.
Ace hurricane losses hit third quarter figures
ACE has reported a net loss for the third quarter endedSeptember 30, 2005 of $112 million (£62m) or $(0.43) per common share after payment of preferred dividends, compared with net income of $4 million or $(0.03) per share for the same quarter last year.