Natural catastrophes (Nat Cats)
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.
View from the top: A hard market is coming
I started talking about positive signs of rate movement more than a month ago. While many agreed, not all of the market's 'big three' brokers shared this view. But a few weeks can effect considerable change and now even Aon's soothsayers will probably…
Met Office predicts a less active 2011 tropical storm season
The Met Office is expecting a less active 2011 North Atlantic tropical storm season with 13 tropical storms forecast between June and November, compared to the 19 that took place in 2010.
Law change in Japan could override policies
New insurance regulations in Japan could inadvertently heighten the industry's exposure to the Japanese earthquake and tsunami damage and, in some cases, override existing policy wordings, according to a specialist lawyer.
Transatlantic to launch UK personal lines brand - Insurance News Now – 26 May 2011
Post senior reporter Amy Ellis outlines this week's major general insurance stories that include how Transatlantic Re is poised to launch a new UK personal lines general insurance venture to capitalise on hardening premium rates in the motor market.
Kiln predicts “excellent” 2009 returns with outlook down for 2010
J Kiln & Co Limited, part of the Tokio Marine Group, has released forecasts for the 2009 and 2010 years of account – with 2009 set to make “excellent returns” and 2010 hit by major catastrophe activity.
Energy insurance remains favourable despite natural catastrophes
Despite an unprecedented number of recent natural catastrophes, conditions remain favourable for most energy insurance buyers, according to Marsh.
Tornado damage could reach $6 billion, according to RMS estimates
Private market insured losses from the tornado outbreak in America which took place between April 25 and 28 2011 will range from US$3.5 and US$6 billon, according to estimates from Risk Management Solutions.
Sagicor hit with $36.2m catastrophe loss in Q1
Sagicor “still expects” to record a profit during 2011 despite producing a loss in the first quarter following exceptional natuaral catastrophes affecting its property & casualty book.
Allianz "operating improvements" offset catastrophe losses in Q1
Allianz this morning reported group quarterly revenue of €29.9bn - 2.2% below the record level of €30.6bn in the first quarter of 2010.
Reinsurer cat budgets exhausted after Q1
Reinsurers' annual budgets have been exhausted after the major natural catastrophe losses in the first quarter were followed by 150 tornadoes hitting 13 south-eastern US states last month. According to Dominic Simpson, vice president, senior credit…
Post Europe: Joining up the approach to weather in the Balkans
Weather related catastrophes are common in the Balkans but there is a perception there that the government will always be on hand to help. However, as Sam Barrett explains the only way forward is to create and develop a market to enable the transfer of…
Joining up the approach to weather in the Balkans
Weather related catastrophes are common in the Balkans but there is a perception there that the government will always be on hand to help. However, as Sam Barrett explains the only way forward is to create and develop a market to enable the transfer of…
Lancashire Q1 profits steady at $8.6m despite “significant” cat activity
Lancashire Holdings has recorded a net profit after tax of $8.6m in Q1 2011 (Q1 2010: $8.2m), after incurring $75m costs from the Japanese earthquake-tsunami.
Swiss Re reports net loss of $665m
Swiss Re has reported a net loss of US$665m for the first quarter of 2011, compared to a profit of US$158m recorded in the same period of 2010.
Swiss Re reports net loss of $665m
Swiss Re has reported a net loss of US$665m for the first quarter of 2011, compared to a profit of US$158m recorded in the same period of 2010.
ARM launches building valuation service
Aspen Risk Management has launched a free building valuation assessment service for its broker partners and clients.
Mapfre Q1 profits climb 13.5%
Spanish insurer Mapfre has posted post-tax profits of €310.1m (£279.2m) for the first quarter of 2011 – a 13.5% increase on the figure for 2010.
XL reveals Q1 $163m net loss
XL Group has blamed its net loss of $227.3m in the first quarter of the year on the high level of natural catastrophe-related claims in its property & casualty book.
XL reveals Q1 $163m net loss
XL Group has blamed its net loss of $227.3m in the first quarter of the year on the high level of natural catastrophe-related claims in its property & casualty book.
Aspen records $151.7m loss in Q1 as profits hit by cat losses
Aspen has recorded a net loss of $151.7 million, including losses of $255.9 million, net of reinsurance recoveries, reinstatement premiums and taxes, resulting from the natural catastrophe events that occurred in the first quarter of 2011, down from net…