Reinsurance
Insurance heavy-hitters demand regulatory co-ordination
Insurance and banking regulators should use the 12-month delay in fully implementing Solvency II to provide urgently required clarity and create a co-ordinated response to it and Basel III, according to the group chief risk officer at Zurich.
Travelers motor exit prompts market withdrawal speculation – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including Travelers’ decision to pull the plug on its private motor business in Ireland, leading to speculation that the insurer is planning to withdraw from the country…
NRWB launches risk management product
The National Register of Warranted Builders has partnered with Celsius Pro, Swiss Re and Aon Benfield Securities to offer its members a new risk management product.
Central Bank publishes new corporate governance code for captives
The Central Bank of Ireland has published its corporate governance code for captive insurance and reinsurance undertakings.
RMS unveils toolkit with building valuation
Risk Management Solutions has unveiled the latest version of its Data Quality Toolkit, which enables re/insurers to assess, manage, and improve the quality of their exposure data.
Eqecat helps ERD transfer European windstrom risks to capital markets
Catastrophe risk modeling firm Eqecat Inc has provided risk modeling services to Electricité Réseau Distribution France SA in the issuance of a €150m catastrophe bond transferring European windstorm risk to the capital markets.
Post Blog: The true value of awards
What's the value in winning an industry award?
Cooper Gay Swett & Crawford appoints first Group CIO
Cooper Gay Swett & Crawford has appointed Brent Kruger its first Group Chief Information Officer.
Post history – 30 years ago: Experts insure vast gas platform
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Lloyd’s – China: Chasing the Chinese dream
As the world’s second largest economy, China is a tempting opportunity for insurers. Leigh Jackson reports on the key role being played by Lloyd’s, the difficulties in gaining traction and the reality checks on expectations.
View from the top: The going gets tough
Tough is probably a rather English understatement to describe the state of the world — and the world of reinsurance and insurance — today.
Post Magazine – 11 August 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Insurer estimates hit £750m as city riot damage racks up – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories which include how RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims, based on market share, as the latest riot bill estimate hits …
CGSC names first-ever group CIO
Brent Kruger has appointed as Cooper Gay Swett & Crawford’s first group chief information officer.
Terrorism remains major threat to insurance industry
The reinsurance industry continues to meet the current demands for terrorism risk transfer despite high levels of terrorism according to a new report.
THB recruits senior broker for Europe
Following positive interim results, THB has announced plans to expand its European division, part of THB’s Lloyd’s broking operation Thompson Heath & Bond.
Terrorism remains a risk warns Guy Carpenter
Recorded incidents of terrorism around the world remain at historically high levels and terrorism remains a serious risk to the insurance and reinsurance industry Guy Carpenter has warned.
Canopius appoints underwriters to sabotage and terrorism team
Canopius has appointed Tim Davies and Jennie Beard as underwriters to its sabotage & terrorism team.
Swiss Re teams with Aon Benfield to implement Acord
Swiss Re and Aon Benfield have worked together to implement automated technical accounting, claim and cash transactions using Association for Cooperative Operations research and Development (Acord) messaging standards in the US and Canada.
Munich Re's losses slow in second quarter
Munich Re posted a consolidated loss of €210m for the first half of 2011, compared with a profit of €1194m in the same period last year.
Swiss Re reports second quarter P&C COR of 78.4%
Swiss Re has reported a net income of $960m (£587m) in the second quarter of 2011, compared to $812m in the same period of 2010.
Munich Re's losses slow in second quarter
Munich Re posted a consolidated loss of €210m for the first half of 2011, compared with a profit of €1194m in the same period last year.
Swiss Re reports second quarter P&C COR of 78.4%
Swiss Re has reported a net income of $960m (£587m) in the second quarter of 2011, compared to $812m in the same period of 2010.
Hiscox bemoans 'costliest year ever'
Specialist insurer and reinsurer Hiscox was stung by a pre-tax loss of £85.6m (2010: £97.2m profit) in the first half of the year but claims to be "heading towards the sunny uplands of profit".