Natural catastrophes (Nat Cats)
Post Europe: The importance of geography
Geographical risk assessment has come on in leaps and bounds over the past 10 years. Insurers now have access to data across Europe that gives them the ability to pinpoint the locations of their insured risks better than ever before.
Government urged to take flood action
A group of MPs have told the government that more must be done to protect properties that are under threat from flooding.
China floods to have “limited impact” on insurers
The worst floods witnessed in China for more than a decade are unlikely to have a significant impact on the insurance industry, Guy Carpenter has claimed.
Aon Benfield annual cat report reveals $38bn loss for (re)insurers in 2010
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, has released its Annual Global Climate and Catastrophe Report, which reviews the natural disaster perils that occurred worldwide during 2010.
Lloyd’s & London market – review of the year: Troubled times
A succession of natural catastrophes got 2010 off to a bad start and the market continued to struggle - but the resolution of Brit’s future and the prospect of consolidation could see the year end on a high. Mairi Macdonald reports.
Scor places €75m catastrophe bond
Global reinsurer Scor has placed a catastrophe bond worth €75m (£62.9m) to protect against European windstorms and Japanese earthquakes.
B2 to be phased out after just two years
Beachcroft is to phase out its specialist volume insurance claims brand B2, just two years after its launch.
Aon Benfield estimates £1.2bn snow losses
The recent adverse weather across Europe has caused an “economic loss” of £1.2bn in Britain alone, according to an estimate from Aon Benfield.
Aon Benfield estimates £1.2bn snow losses
The recent adverse weather across Europe has caused an “economic loss” of £1.2bn in Britain alone, according to an estimate from Aon Benfield.
View from the top: Staying ahead of the game
So, business plans have been approved and/or amended and 2011 looms ever closer. In today's market there is at least one certainty: it will be just as challenging to produce an underwriting profit next year as it has been in 2010.
Postscript - 30 years ago: Korean 747 crash to cost insurers $50m
Looking through Post's back catalogue paints a uniqur picture of more than 150 years of insurance news, as this highlight form 30 years ago reveals.
Claims roundtable - Rising stars: Cream of the crop
Every year, Post's Claims Club identifies and rewards rising stars — who together represent the future of the claims profession. Ant Gould met up with some of this year's finalists to garner their views on the state of the claims nation.
Cumbrian floods - Lessons learned: A timely reminder
A year on from Cockermouth and the UK faced another major flooding incident, in Cornwall. Jim Pittman examines how the industry coped in Cumbria and asks what lessons have been learned for dealing with extreme weather.
Claims supplement - Where next for claims?: Fully equipped
Ajoy Menon and Renuka Sridhar look at the changing face of claims management and the tough decisions that need to be taken.
Climate experts gather for Cambridge research findings
Leading figures from the world of climate science, government and mathematics will today hear findings from a research programme aimed at advancing climate change forecasts.
CILA praises industry flood response
The Chartered Institute of Loss Adjusters has praised its members’ response to the Cumbria floods of 2009, one year on.
Sagicor income falls to $33.4 m
Sagicor has recorded a drop in net income in the first nine months of the year to $33.4 m (£20.75 m) compared to $64.0 m in the same period in 2009.
Reinsurance aids Beazley's "modest" GWP growth
Beazley has reported that its gross written premium increased by two per cent to $1.35 bn (£840.7 m) in the first nine months of 2010 compared to the same period in 2009 (2009: $1.33 bn).
Amlin posts 39% GWP surge
Specialist insurer and reinsurer Amlin has recorded a 39% increase in gross written premium for the 10 months ended 31 October despite a “mixed” trading environment.
Markel International combined ratio slips to 99% following H1 losses
Markel International has reported gross written premiums of $574.0 m for the nine months to 30 September 2010, compared to $510.0 m for the same period in 2009.
Aon: Solvency II Nat Cat predictions ignore 15 years of evolution
Natural catastrophe calculations are ignoring 15 years of critical evolution under the currently proposed Solvency II Standard Formula, which could lead to higher capital requirements for insurers when the regulation comes into force.
Swiss Re almost doubles Q3 profit and terminates Berkshire Hathaway loan
Swiss Re reported third-quarter net income of $618m, compared to $314m in the prior-year period.
Environmental liability - Toxic sludge: No fudge over sludge
The recent high profile toxic sludge incident in Hungary has been described as a 'tragedy' by the country's government. Ralph Savage reports how experts from the rural insurance and legal communities and further afield are assessing the situation.
Technology - Catastrophe claims: Reaching high expectations
Although insurers cannot consider catastrophe events routine, by using the latest technology they can make proactive claims management a reality, argues Laura Drabik.