Reinsurance
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.
$6-$10bn in damage from Wilma's Florida surge
Insured losses in the U.S. from Hurricane Wilma are likely to range from $6 to $10 billion, according to Risk Management Solutions. This estimate, based on current information on landfall location and wind speeds, is comprised of onshore damage resulting…
Atrium ups Katrina loss and abandons 2006 capacity cuts
Atrium has increased its estimate of net pre-tax losses from Hurricane Katrina to £19m ($33.6m) from the last published estimate of £15m ($26.5m). Atrium also unveiled an initial £3m pre-tax loss estimate for Hurricane Rita
Allstate takes $3.68bn Katrina hit, may buy more reinsurance
Giant US primary personal lines insurer, Allstate has unveiled a pre-tax Hurricane Katrina claims of $3.68bn. The company said that based on historical recorded tropical storm activity, a catastrophe modeler had estimated that the likelihood of a…
Wilma’s threat recedes?
The oil market was relieved at the perhaps receding threat from Hurricane Wilma as according to forecasters, Wilma is expected to miss the Gulf of Mexico oil and gas facilities. This includes U.S. oil production sites in the Gulf of Mexico and inland…
RIMS survey highlights premium falls
Commercial insurance premiums took a sharp downward turn in the third quarter of 2005, according to the RIMS Benchmark Survey of corporate risk managers.