Reinsurance
Atrium reveals profits drop
Atrium has announced reduced profits for the first half of 2005. The Lloyd’s insurer reported profits before tax at £13.7m compared to £15.7m for the same period last year.
Munich Re revises Katrina loss upwards
As the full extent of the devastation caused by Hurricane Katrina has gradually emerged, natural catastrophe risk management specialists and other companies have revised their loss estimates upwards. Experts from Munich Re and American Re have now also…
IPC expects to take $350m-$600m Katrina hit to earnings
IPC Holdings has announced that it anticipates the net impact of Hurricane Katrina losses on net income in the third quarter to be in the range of $350 million to $600 million.
Rita loss estimates unveiled
AIR Worldwide Corporation has estimated that Hurricane Rita will result in insured losses between $2.5bn and $5bn, far lower than the bill from Hurricane Katrina.
A.M. Best lists insurers vulnerable to Hurricane Rita
A.M. Best has begun to assess the potential financial impact Hurricane Rita may have on the general insurance and reinsurance industry.
Katrina ‘most costly event’ for global insurance industry, claims S&P
Hurricane Katrina will most likely prove to be the most costly event ever to hit the global insurance industry, according to Standard & Poor’s.
Rita upgraded to Cat 5
Hurricane Rita has been upgraded to a category 5 storm as it headed over the Gulf of Mexico with top sustained winds of 165 mph.
AM Best hints of greater leniency
AM Best has hinted at greater leniency towards Lloyd's and has opted to maintain its financial stren...
Chaucer reports increase
Lloyd's insurer Chaucer has reported an increase of 19% in gross written premium to £263.3m and a pr...
Goshawk announces a net loss
Goshawk has announced a net loss of $500,000 (£277,000), a fall of more than $9m on its first half p...
Brokers given days to get Katrina info
Confusion over Lloyd's exposure to Hurricane Katrina is being exacerbated by the fact records of bi...
SVB moves into the black
Lloyd's insurer SVB has reported an upturn in its fortunes with a £19.2m profit for the first half o...
Tolle: marine business could suffer
Marine business at Lloyd's could suffer after the effects of Hurricane Katrina mean that capacity i...
Lloyd's Overview - Keeping in shape
Top 100 UK Insurers
Advent confident over 2006 capacity
Lloyd's managing agent Advent Underwriting is confident its stated £153m capacity for 2006 will suf...
Top five brokers keep grip on London market
After a year of turmoil, the top five global brokers have maintained their grip on the London market...
Top 20 Spotlight - 15. Aspen Insurance
Top 100 UK Insurers
Wellington Underwriting increases capacity projection
Wellington Underwriting has increased its capacity projection for 2006, in the wake of Hurricane Kat...
Willis creates Katrina claims web site
Broker Willis has created a website designed expressly to provide claims support and information resources specific to clients impacted by the hurricane.
Insurers warned Rita will "probably" strengthen into category 4 hurricane
After hitting the Florida Keys, Hurricane Rita gained power on Wednesday and headed across the Gulf of Mexico on a course that could take it to Texas and Katrina-battered Louisiana.
S&P downgrades Advent
Late yesterday S&P it lowered its public-information (pi) Lloyd's Syndicate Assessment on Advent's syndicate 0780 to '2pi' (high dependency) from '3pi' (average dependency).
Wellington outlines new 2006 business plan
Wellington has increased its capacity projection fro 2006 in the wake of Hurruicane Katrina.
Moody's gives Pool Re vote of confidence
UK terrorism events are unlikely to lead directly to meaningful rating actions, according to Moody's Investor Service, but indirect consequences could result in negative rating pressure, it said.
Chaucer predicts 10% rate increases
Lloyd's insurer Chaucer has reported an increase of 19% in gross written premium to £263.3m and a profit before tax increase of 79% to £35.8m, for the first half of 2005.