Natural catastrophes (Nat Cats)
Rise of the Dragon: challenges and opportunities in the Chinese insurance broking markets
Brokers in the Chinese market currently face threats from technology and opportunities from product differentiation. Solomon Ngan explains why now is the time for the sector to reconsider its role and function.
Premier Inn opens doors to flood victims
The Insurance Claims Accommodation Bureau has bolstered its database of preferred properties nationwide by forming an alliance with hotel group Premier Inn.
Top five Asian news stories
The top five stories from www.insuranceinsight.com over the past seven days.
NY governor demands quicker Sandy response from insurers
New York governor Andrew Cuomo has ordered loss adjusters to visit properties damaged by super storm Sandy within six business days instead of 15.
UK report highlights role of modelling in disaster risk reduction
A UK government report has urged the disaster risk reduction sector to emulate the insurance industry and increase its deployment of science-based risk models.
Floods hit southeast as storms move north
Around 816 homes were flooded and two people died over the weekend after the country was hit with a deluge of rain.
Sandy to cost Swiss Re $900m
Swiss Re has estimated that its claims burden from superstorm Sandy will cost $900m, net of retrocession and before tax.
Contractors body loses £26m in Lloyd's syndicate investment
The Electrical Contractors' Association has lost around £26m after investing in a Lloyd's of London syndicate.
S&P: Sandy to hit earnings not capital
Superstorm Sandy is likely to be an earnings rather than a capital event for affected insurers and reinsurers, according to rating agency Standard & Poor's.
AIR: entire neighbourhoods hit by Sandy surge
AIR Worldwide has issued a report on the damage patterns caused by superstorm Sandy in the coastal communities of Rhode Island and Connecticut.
Can Germany's local brokers serve global firms?
After calls for the German insurance market to open up to the international market, Francesca Nyman asks whether it could really support new business from this quarter.
Quake models to bridge gap in growing market
Aon Benfield has launched new Algeria and Morocco earthquake models, aimed at providing a more reliable estimation of losses insured properties face in these countries.
Sandy is a muted point for pricing, Willis finds
Superstorm Sandy is unlikely to have an impact on pricing, according to estimates by Willis Capital Markets & Advisory.
Davies expects Markel full-year results to weather the storm
Markel International finance director Andy Davies is confident that the impact of superstorm Sandy on his firm's full-year results will not halt the momentum achieved in the opening nine months of the year.
QBE scales back profit margin estimates as Sandy losses swell
Global insurer QBE has estimated its insured losses from super storm Sandy will be between £220.4m ($350m) and £283m ($450m).
Superstorm Sandy: direct wind not to blame for buildings damage
Damage from storm surge and flooding caused by superstorm Sandy is widespread and extensive, but there is only minor damage to buildings from direct wind, according to a report released today by Willis Re.
Catlin GWP grows 11% as Sandy-hit New York office remains closed
Catlin reported an 11% increase in gross written premium to $4.08bn in the nine months to 30 September 2012 compared with the same period in 2011 (9m 2011: $3.68bn).
Crawford & Co staff homeless after Sandy
Up to 660 Crawford & Company employees have been affected by superstorm Sandy, including nine people whose homes were destroyed.
Novae insurance income to dwarf reinsurance earnings
Novae Group's investment returns grew by £6.5m to £22.1m for the first nine months of 2012, but gross written premiums remained flat at £510.6m (2011: £516.4m).
New Yorkers to fall victim to second storm in less than two weeks
New York residents could be told to evacuate the city for a second time this month as winter storm Athena makes its way to the same areas battered by Sandy last week.
Post magazine - 8 November 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Munich Re: Sandy to drive up property insurance prices
Munich Re's reinsurance operation produced a Q3 operating result of €1.2bn (Q3 2011: €665m) and premium income of €7.5bn (Q3 2011: €6.5bn).
Munich Re estimates Sandy losses close to £400m
Munich Re has estimated its share of the losses from superstorm Sandy at the "mid three-digit million" euro range, despite the high number of individual losses making it difficult to assess the extent of the damage.
Top five Asian news stories
The top five Asian news stories from wwww.insuranceinsight.com over the past seven days.