Flooding
Amlin chairman retires after £194m loss
Amlin has posted a pre-tax loss of £193.8m (2010: profit of £259.2m) and announced that Roger Taylor is to retire as chairman following the 2012 AGM. Richard Davey will succeed him.
Trade credit – Asian boom
Marsh China recently observed a significant increase in demand for trade credit insurance from Asian firms wanting to protect their balance sheets against the potential default of eurozone trading partners. Francesca Nyman asked several market insiders…
Novae suffers £6m loss before tax in "torrid year" for general insurance
Specialist insurer Novae has reported an underlying loss before tax of £6m for the year to 31 December 2011 in a "torrid year for the non-life insurance industry" compared to £36.2m profit in 2010.
Councils put flood risk burden on insurers
Council leaders have attacked "unfair and unaffordable insurance premiums" for residents and local authorities close to water, claiming they face an £11bn liability.
Countdown to ISE: Q&A with guest speaker Kurt Karl
Kurt Karl, managing director, chief economist and head of economic research and consulting at Swiss Reinsurance, will be presenting the session on 'Recent economic challenges and risk management' at Insurance Strategy Europe in Brussels on Wednesday 21…
Lancashire secures $75m additional capital for Japan renewals
Lancashire Holdings has said it will be able to deploy $75m additional capital for the 1 April Japanese market renewals after securing the extra capital from its Accordian sidecar investors.
Accordian Re gains new capacity for Japanese market
Lancashire Holdings has secured additional capital of $75m (£48m) for Accordian Re to focus on the 1 April Japanese market renewals.
Your say: Piping up over freezing
The Department for Environment and Rural Affairs is dropping hints that it may agree to some sort of subsidy for properties built in flood zones to support insurers in offering affordable cover.
Household: Insurers weathering the cold
After a mild 2011, this year got off to a cold start as snow hit the UK. Will this force insurers to look beyond the past year and start pricing household and contents cover long term?
Roundtable: Climate change - what are the implications?
Environment-related risks will shift significantly over the coming decades, so what can insurers, brokers and loss adjusters do to prepare for the future?
Insurance Insight – top 10 stories
The top 10 stories from www.insuranceinsight.eu over the past seven days.
Lloyd's takes $2.2bn hit for Thai floods
Lloyd's of London estimates its net claims from the flooding in Thailand last year to be $2.2bn.
Lloyd's puts Thai flood losses at £1.4bn
Lloyd's has estimated its net claims from the flooding in Thailand last year to be $2.2bn (£1.4bn).
Industry loss estimates for Thai floods increase to $15bn
The Thai floods could be one of the top five costliest insurance events of the past three decades, according to AM Best.
View from the Top: Future Flooding
Government must play its part in achieving a satisfactory solution to flood defence
Insurers rally to hail their technologies as Avantia claims flood risk first
The competition to get the upper hand in the use of sophisticated data to underwrite flood-prone properties has already started, as it seems increasingly unlikely the Statement of Principles will be renewed beyond June 2013.
Amlin estimates $50m-$70m in Thai floods claims
Lloyd’s (re)insurer Amlin said today it expects property and casualty reinsurance claims for the Thai floods to be in the range of $50m to $70m (€53m), net of reinsurance recoveries.
Flood forces Essex residents out of homes
Around 30 homes were evacuated in Essex after water started gushing from a drain this morning.
Amlin reports renewal rates up 4% in 2012
Amlin has written total income to date of £746.4m in 2012, net of brokerage - a 19.2% increase on the prior year.
Reduced capacity in Asia will not affect all business lines
Despite catastrophe losses leading to reduced capacity in the Asia Pacific region, competitive rates are still possible on some lines, according to broker Marsh.
Government drops flood subsidy hint as Defra weathers harsh criticism
The government has hinted it is prepared to agree to some form of subsidy for flood-prone homes to enable insurers to continue to provide affordable cover.
View from the top: Expect the unexpected
The industry must continue to adapt and evolve to meet constant changes to the market, says Mark Hodges.
Boston and Skegness top flood risk table
The Association of British Insurers has revealed that Boston and Skegness in Lincolnshire is the constituency with the most homes at significant risk of flooding in England and Wales.
Lancashire "best placed" for price rises
Lancashire Holding’s decision to increase its reserves for the Japan earthquake and Thai floods removes uncertainty that exists with other firms and makes it a good buy, according to analysts at Jeffries.