Reinsurance
Amlin forecasts Katrina loss as $110m as it unveils record first half profit
Lloyd’s insurer Amlin this morning reported half year profit before tax of £134.1m, up 56% over first half of 2004. However, it warned that its net losses attributed to Hurricane Katrina had been provisionally estimated at $110m.
RMS hikes Katrina loss estimate to $100bn
Risk Management Solutions has claimed that the economic loss from Hurricane Katrina and subsequent flooding in New Orleans is expected to exceed $100 billion.
Katrina: AM Best positive, but sees some downgrades
AM Best has stated that it expects that virtually all rated companies will be able to meet their commitments arising form hurricane Katrina, despite the projected magnitude of the potential losses, although it said that “a few individual companies’…
Hannover Re hit by Katrina
Hurricane Katrina is possibly set to become the most expensive ever natural disaster suffered by insurers in industry history, according to Hannover Re. Estimates of the total insured losses currently amount up to $30bn.
Moody’s doubts P/C rating action over Katrina
Moody's Investors Service has stated that despite the apparent severity of Hurricane Katrina, it does not anticipate taking extensive rating actions on property & casualty insurers.
$20bn Katrina to cost Swiss Re $500m
Swiss Re has estimated its claims for Hurricane Katrina will be in the range of $500m before tax. Swiss Re expects Hurricane Katrina to cost the insurance industry in the region of $20bn billion, making it the most costly hurricane after Hurricane Andrew…
Katrina: "wishy washy" info
UK insurers with large international energy exposures in the Gulf of Mexico could be hit, following ...
Stormy weather
Insurers and adjusters are counting the cost of the largest tropical storm to make landfall in the U...
Appointment at Cooper Gay and Cashman
Cooper Gay and Cashman has appointed Brian Engel to its newly formed US treaty brokerage unit based ...
Industry calm as Katrina hits
Although many claim it is too early to put an accurate estimate on the insured losses associated wit...
Investors push for small firm mergers
The performance of the UK's smaller stock-market-listed insurers received praise from industry analy...
Appointment at Swiss Re
Swiss Re has appointed Jacques Aigrain, chief executive officer, effective from 1 January 2006. Mr A...
Crashes could affect renewals
The recent spate of plane crashes, and forecasts of severe hurricane damage this year, could destabi...
Underwriting discipline is only partly to blame
We know that underwriting conditions are becoming increasingly difficult and, naturally, the finger ...
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Goshawk braces for results roundup
Goshawk has announced that its results for the first half of 2005 will be hit by higher than expecte...
Munich Re results hit by American Re drain
Munich Re's results for the first half of 2005 have been hit by the continuing need to strengthen th...
Am Best affirms Gerling companies ratings
AM Best has affirmed the financial strength rating of A- (Excellent) of Gerling-Konzern Allgemeine V...
The age of the smaller broker
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Don't let the EU import US-style compensation culture!
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A beginners' guide to Monte Carlo
Monte Carlo