Reinsurance
GIC Re launches hazard map after flooding “wake up call”
Devastating floods in the Indian state of Utterakhand has prompted Indian reinsurer GIC Re to unveil a new hazard map.
German floods to cost industry €2bn
Claims from last month's flooding in Germany alone are expected to cost insurers nearly €2bn, German trade association GDV said on Tuesday.
Primary insurance growth to outstrip reinsurance says Munich Re
The global insurance market will grow strongly over the next decade, according to Munich Re’s Insurance Market Outlook published this week.
Bahrain-based Trust Re bolsters capital as it seeks new growth opportunities
Trust Re announced today an increase in its paid up capital, from US$ 100m to US$ 140m, and an increase in its authorised capital to US$200m.
Peak Re CEO: Japan has been a surprise
Five months since its launch, Peak Re's CEO Franz Josef Hahn says business is going to plan and the reinsurer has been particularly well received in Japan.
Aon net income declines
Aon net income from continuing operations drops 11%.
IPC second quarter net income surges
Bermudian reinsurer's results 'a testament' to staff loyalty, interim CEO says.
Liberty senior casualty underwriter defects to Novae
Alan Tomlinson will join Novae in December say sources
Flagstone Re trumps Validus' bid for IPC
Flagstone Re gets involved in the IPC arms race by making a 'superior' offer for IPC Re
HSBC broker and Ace lead insurer for Yemen plane crash
HSBC was the lead broker and Ace was the lead insurer for today's Yemeni plane crash, sources told Reinsurance
Yemen jet crashes in Indian Ocean
Airbus flight operated by Temenia Air fourth major air crash of this year
Capital shortages to drive up prices, says Swiss Re
Underwriting results strong despite Cat losses
We are at serious risk of a double dip recession, says S&P chief analyst
Jean-Michel Six, european chief economist at Standard & Poor's, notes we are in a "W" shaped recession
Claims for cancelled UK Michael Jackson concerts could cost industry up to £300million
Sources tell Reinsurance that claims for the cancelled UK Michael Jackson dates may hit £300m
Brit withdraws proposed offer for Chaucer
Chaucer tells Brit it is not interested in its proposal
Impact of financial crisis poses greatest threat to insurance industry, says Ernst & Young
Ernst & Young report highlights top 10 risks for insurers
Three to leave Antares for HCC
Tony O'Connor, Richard Wells and Christopher Parker are to leave the Lloyds syndicate for HCC according to market sources
Major catastrophic event during this hurricane season could devastate the US insurance landscape, says EMB
Global actuarial consulting firm EMB today claimed that natural disasters are getting costlier while the shrinking economy is making property and casualty insurers more vulnerable.
DRUK scheme sanctioned by high court
DRUK's Solvent Scheme of Arrangement was sanctioned by the High Court on 16 June
William Fischer promoted to CEO, Axis Re
Axis Capital has announed the promotion of William Fischer to CEO, Axis Re