Reinsurance
Reinsurers back Zurich quake bond
Munich Re and Swiss Re have acted as joint lead structuring agents in a $270m (£166m) catastrophe bond transaction that transfers North American earthquake risk to the capital markets, on behalf of Zurich Insurance Group.
Munich Re invests in French onshore wind farms
Munich Re has invested in 32 French wind farms via its asset manager MEAG.
Prices mostly stable at January reinsurance renewals
January 2013 reinsurance renewals took place against a stable backdrop, with only loss-affected lines and select regions experiencing price volatility, according to Guy Carpenter.
Insured losses exceed $50bn in 2012
The reinsurance sector is "equipped with ample dedicated capital and stable pricing" as it enters 2013, according to Guy Carpenter.
Miller hires facultative broker
Facultative reinsurance broker Charlotte Condon has joined Miller's reinsurance team in London.
UAE insurers consider motor premium hikes after December deluge
A hike in motor rates for UAE drivers is expected after 330 road accidents were reported in Dubai in a seven-hour period.
Superstorm Sandy puts downwards pricing pressure on reinsurers
Natural catastrophe losses for 2012 are estimated to be 50% less than 2011's $120bn, and most reinsurers are not facing any material capital impact and remain within annual catastrophe budgets.
Catastrophe reinsurance rates unharmed by Sandy, says Willis Re
Property catastrophe reinsurance rates adjusted flat to -5% globally in January renewals.
UK motor profits could take fresh hit as reinsurers mitigate exposure to PPOs
The prevalence of periodic payment orders is expected to undermine underwriting profitability in the motor market in 2013, as reinsurers become increasingly reluctant to take on a rising number of variables.
Lloyd's reveals Superstorm Sandy claims could hit $2.5bn
Lloyd's has announced today that its estimated net claims before tax from Superstorm Sandy are between $2bn and $2.5bn.
Cooper Gay recruits ex-Aon director as part of Asia push
Cooper Gay has appointed David Yip as head of treaty for Cooper Gay Hong Kong as part of an expansion drive in Asia.
UIB secures Brazil oil field contract
Independent international reinsurance broker UIB has been appointed as the lead intermediary for the construction of 28 floating drilling platforms off the coast of Brazil.
Insurance Insight closed for festive period
Insurance Insight's offices will be closed from 19 December 2012 to 2 January 2013 for the festive period. We would like to take this opportunity to wish you all a very Merry Christmas and a Happy New Year.
Lloyd's insurer Kiln recruits Zking manager Jin to lead Shanghai JV
Kiln has appointed Gu Jin to lead its new venture with Lloyd's Insurance Company (China) in Shanghai.
Regulatory overhaul threatens Malaysia insurers' margins
Regulatory changes and on-going capital market volatility could challenge the earnings stability of Malaysia's insurance and takaful sector, according to Fitch.
French motor market counts cost of annuity changes
French motor insurers are set to take on costs previously covered by the state. Edmund Tirbutt asks how they plan to cope with the burden.
Insurers face most challenging P&I renewals in a decade, Willis warns
The upcoming P&I renewal could be the toughest in a decade as difficult economic conditions for ship operators, poor underwriting results and a slew of large claims threaten to create a "perfect storm", according to Willis.
Munich Re reinsurers guarantees for Chinese PV manufacturer
Munich Re has taken the step of reinsuring the performance guarantees that Chinese photovoltaic manufacturer Yingli Green Energy gives to its customers for multicrystalline modules.
Lloyd's managing agents offered guidance on Eurozone exit
Lloyd's managing agents have been given new guidance on how insurance and reinsurance contracts may react in the event of a Eurozone exit.
LMA issues Eurozone exit advice
The Lloyd's Market Association and law firm Clyde & Co have issued guidance on the impact on insurance and reinsurance contracts of a Eurozone exit for managing agents.
JLT Re appoints Aon's Dubecq as partner
JLT Reinsurance Brokers has appointed Thomas Dubecq as partner to support its growing international presence.
Gallagher acquires reinsurance team
Arthur J Gallagher International has acquired Espirito Santo Investment Bank's reinsurance team, Execution Re.
Deutsche Bank director joins XL
Former Deutsche Bank director Craig Wenzel has joined XL's reinsurance operations as senior vice president of capital markets.