Reinsurance
Guest blog: GCC markets and the 2012 Crystal Ball
While The Cooperation Council for the Arab States of the Gulf markets, or GCC as they are known, return to a semblance of what was pre-financial crisis normality as they knew it, the race to write more for less will certainly continue.
Market moves: All change at Mondial and Marsh
This week insurers were, once again, the main recruiters with the majority of high profile appointments.
Oxygen to sell off remaining assets - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how market commentators believe large employee expenses and lack of profits are behind the demise of seven-year old Oxygen Holdings, as it prepares to sell off its…
Admiral share price rests on analyst presentation
Admiral’s analyst presentation this afternoon could see its share price rise if it “hits the market with new stuff” or plummet further if it fails, experts have warned.
Swiss Re buys $130m cat bond for Atlantic hurricane and European windstorm
Swiss Re has obtained a further $130m in protection through the Successor X catastrophe bond programme for North Atlantic hurricane and European windstorm.
Swiss Re makes $130m in natural catastrophe protection
Swiss Re has obtained a further US$ 130m in protection through the Successor X catastrophe bond programme covering North Atlantic hurricane and European windstorm.
'Difficult environment' hits Munich Re’s Q3 profits
Munich Re has reported an 88% reduction in operating profits for the third quarter, down to €402m from €3.4bn year on year.
AIR releases German flood catastrophe model
Catastrophe risk modelling firm AIR Worldwide has released an inland flood model for Germany that is said to offer a fully probabilistic approach for determining the likelihood of flood losses from all types of storms.
Thai floods: Insured losses creep up
Global reinsurance broker Aon Benfield has estimated the insured losses from the floods in Thailand could be at least US$4.6bn.
Financial market volatility hits Swiss Re’s core combined ratio
Swiss Re saw the combined ratio for its property and casualty segment increase to 80.8% for the third quarter of 2011 due largely to financial market volatility.
Swiss Re reports 118% net income rise
Swiss Re reported a 118% increase in net income in its third quarter to $1.3bn (2010 $0.6bn).
Interview - Konsta & Payton: Let's get together
The high-profile merger of Clyde & Co and Barlow Lyde & Gilbert has impacted the legal and insurance industries. Michael Payton and Simon Konsta explain the differences.
Comment: Delivering definitive data
The ability to know precisely where property risks are located and what risks surround those locations are vital elements of successful and accurate underwriting and pricing. To know that such data is regularly updated and maintained – and meets ISO…
Post magazine – 3 November 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
AIG reveals $972m payment to US Treasury after MetLife deal
AIG has announced that it had paid the United States Department of the Treasury $972m to reduce the liquidation preference on one of the special purpose vehicles created as part of the government's assistance to AIG.
Alterra merges Irish operations
Alterra Capital Holdings has merged its Irish underwriting companies, Alterra Europe and Alterra Reinsurance Europe.
Lancashire raises Fascione in Bermuda
Lancashire Holdings has promoted Simon Fascione to chief underwriting officer of the company's Bermuda operation, Lancashire Insurance Company.
Japanese, Swiss and Bermudian regimes largely equivalent to Solvency II, says Eiopa
The supervisory systems operating in Switzerland, Bermuda and Japan are largely equivalent to Solvency II, but not for all classes, according to the European Insurance and Occupational Pensions Authority.
Munich Re launches $100m cat bond
Munich Re has a $100m catastrophe bond to cover US hurricane and European windstorm risks.
Standard & Poor upgrades Swiss Re to AA-
Standard & Poor has upgraded Swiss Re from A+ to AA- following the firm success in derisking its asset portfolio, convertible perpetual capital instrument with Berkshire Hathaway and stabilised its net income.
Swiss Re upgraded to 'AA-'
Standard & Poor's Ratings has raised its long-term counterparty credit and insurer financial strength ratings on Swiss Re and its core subsidiaries to 'AA-' from 'A+'. The outlook on all of these entities is stable.
Aon reports 38% jump in profits for third quarter
Aon net revenue increased 38% to $198m (£122.8m) for the quarter ended 31 September 2011, compared to $144m for the previous year.
Axis launches liability unit in Argentina
Loss adjusting network Axis has launched a liability claims units in Argentina to provide dedicated specialist support to local carriers and the international reinsurers.
Aspen suffers nine month losses of $193m
Aspen Insurance Holdings reported underwriting losses of $193.8m in the first nine months of this year compared to a profit of $74.6m last year.