Natural catastrophes (Nat Cats)
Perils extends to Norway and Sweden
Catastrophe data provider Perils has extended its market coverage to include Norway and Sweden so all areas that could be hit by a European windstorm are covered.
Commercial property - Business interruption: Dealing with disruption
Deficiencies in business interruption policies have long been a source of debate, but what can be done to improve them, asks Veronica Cowan.
British Insurance Awards 2011: A co-ordinated response
SERVICE PROVIDER OF THE YEAR - WINNER CRAWFORD & COMPANY
British Insurance Awards 2011: Setting the standard
THE MAJOR LOSS AWARD - WINNER - FITZGERALD CONSULTING
Sferen posts first year losses of €4.8m
Sferen, the mutual group formed by Macif, Maif and Matmut at the end of 2009, has posted its first combined results, a loss of €4.8m.
Aon Benfield to talk on assessing natural disaster risks
Aon Benfield is holding a seminar on assessing the risks of natural disasters after reporting that catastrophic losses in the first quarter and Solvency II are driving the need for insurers to boost their understanding of non-modelled perils.
Amlin sees international cat renewal rates rise by 50%
Lloyd's insurer Amlin estimates net claims from the two major US tornadoes during April and May 2011 of approximately $50m.
Affinity: 'Sticky' challenge faced by affinity in bid to boost business
Insurers must "tap into partner loyalty" within affinity arrangements if they are to stay one step ahead of mounting outside pressures, according to Ageas' partnerships director Ian Wardle.
Property cat rates rise after global losses
US property catastrophe rates have increased due to global losses and new versions of catastrophe models. However, the reinsurance sector's capital position remains dependent on the hurricane season.
Guy Carpenter unveils hail model for Slovenia
Guy Carpenter has developed a hail model for Slovenia, providing the industry with a tool that allows insurers to quantify their exposure to the hail peril and to guide the structuring and pricing of reinsurance programmes.
Guy Carpenter unveils hail model for Slovenia
Guy Carpenter has developed a hail model for Slovenia, providing the industry with a tool that allows insurers to quantify their exposure to the hail peril and to guide the structuring and pricing of reinsurance programmes.
Swiss Re warns of growing subsidence risk
Swiss Re has warned that climate change could “magnify” an already significant increase in property damage as a result of soil subsidence.
Reinsurers face hefty costs after ‘exceptional’ run of nat-cats
Reinsurers and insurers are facing hefty costs following an ‘exceptional’ run of natural catastrophes over the past 16 months, a Willis Re report has found.
First named storm of 2011 hurricane season
Tropical storm Arlene has become the first named storm of the 2011 Atlantic hurricane season, according to catastrophe modelling firm Air Worldwide.
Post history - 20 years ago: US blamed for Lloyd's record losses
Looking back through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 20 years ago reveals.
News analysis - Regulation: The more things change
With detail emerging on what life under the Prudential Regulation Authority will look like, Mathew Rutter analyses the similarity of themes to the current approach and pinpoints potential problem areas.
US tornadoes cost Hiscox £35m
Hiscox has estimated net claims arising from the April and May tornadoes in the US to be approximately £35m based on insured market losses of $15bn-$25bn.
Microinsurance - A solution to all ills?
Microinsurance is being touted as the answer to insuring the poorest regions of the world against extreme weather threats. However, as Stephanie Denton reports, this may not be the case.
Severe weather costs Zurich $295m
Zurich has estimated claims caused by the severe weather-related events that hit the US in April and May to be approximately $295m for both Zurich North America and Farmers Re.
XL estimates US weather losses of $75m
XL Group has estimated that severe weather occurrences, including tornado activity, in the US in April and May caused losses of $50m to $75m, with the majority attributable to XL’s reinsurance segment.
M&A - market update: Coming together
Merger and acquisition activity is finally on the rise following a long period of stagnation. Daniel Dunkley looks at what is behind the increase.
Airmic 2011: Property rates to remain static, says Willis
The cost of commercial property and business interruption cover remains at an historic low, the latest Airmic-Advisen benchmarking survey of 135 Airmic members has found.
Marsh and Munich Re offer nat cat services
Marsh has launched a suite of services that aims to assist clients in managing their natural catastrophe risks more effectively and speeding up recovery from any losses.
RenaissanceRe announces DeVinciRe $100m capital raise
DaVinciRe Holdings, the consolidated venture of RenaissanceRe Holdings has completed an equity capital raise of $100 million from new and existing investors.