Major loss

More than $3.5bn Perils-based limits at risk

Perils AG has hailed the success of its industry loss index service, with the firm’s head of products describing it as “the industry loss trigger of choice” for transferring European storm risk to reinsurers and capital markets.

First Recovery teams up with Composite Legal Expenses

Disaster recovery company First Recovery, in association with Composite Legal Expenses, is set to launch what it says is a "unique" insurance policy at this year's British Insurance Brokers' Association conference.

Crawford dropped from Axa household panel

Axa has axed Crawford & Company as the main supplier of loss adjusting services for household insurance claims after four years, while GAB Robins and Cunningham Lindsey remain on its books.

Mixed 2012 renewals for global reinsurance market

The 1 January 2012 renewals saw a shift in industry behaviour as both insurers and reinsurers implemented more sophisticated, customised approaches to risk assessment and mitigation, according to Guy Carpenter.

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