Reinsurance
$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 ...
Diary
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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
Brokers
Don't let the EU import US-style compensation culture!
Compensation culture
Recruitment moves
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A beginners' guide to Monte Carlo
Monte Carlo
TSR launches two free product enhancements
Tropical Storm Risk (TSR), the consortium of experts on insurance, risk management and seasonal clim...
Alea announces capital raising plans after profit slump
Troubled insurer/reinsurer Alea Group has confirmed it is still in talks with its advisors to raise additional capital in response to A.M. Best’s concerns overits risk-adjusted capital position. It said the capital required will be approximately $210…
Atrium confident despite Katrina
Atrium Underwriting has released its latest 2003 year of account and 2004 pure year of account forecasts for the two syndicates (570 and 609) managed by its managing agent subsidiary, Atrium Underwriters Limited, and for itsunderwriting portfolio of…
Munich Re estimates its Katrina loss at €400m ($488m)
Munich Re has put a figure of $15bn-$20bn on the one hundred percent insured loss arising from hurricane Katrina and estimates it will end up paying €400m ($488m) for its share.
Lloyd's statement on Hurricane Katrina
"Lloyd’s expects to receive significant insurance claims as a result of Hurricane Katrina, predominantly in relation to offshore energy installations in the Gulf, property damage and business interruption.