Earthquakes
Markel International A+ rating affirmed
Markel International Insurance Company and its syndicate 3000 have had their financial strength rating of A (Excellent) and issuer credit rating of a+ affirmed.
Monte Carlo Rendezvous: A year of catastrophes
2011 has seen a series of serious natural catastrophes follow fast on those of 2010. How will this shape debate next week at Monte Carlo?
Cost of nautical-related claims back to high levels in 2011
The average cost of nautical related-claims has climbed back to high levels in 2011, according the Nordic Marine Insurance Statistics database, but may stabilise at the current rate.
BIS Countdown - Patrick Snowball: A hostile climate
Faced with unsettled stakeholders and challenging operating environments, Patrick Snowball argues insurers must still prove they can lead reform from the front.
Business interruption - recessionary impact: Predicting the unpredictable
An uncertain economic climate is making the quantification of business interruption claims even more problematic. Tony Levitt explains.
Willis develops nuclear exclusion risk cover
Willis Group Holdings has developed insurance to cover business interruption costs for companies with key locations, suppliers or customers situated in the vicinity of a nuclear power station.
Post history – 30 years ago: US insurers earthquake partnership
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Market update - High net worth: Time to raise rates in HNW?
Rates in the high net worth market are failing to reflect the risks posed, despite high claims costs. Chinwe Akomah reports on a sector that is starting to come under pressure to deliver results.
Magnitude 5.8 earthquake strikes Virginia
According to catastrophe modeling firm AIR Worldwide, the largest earthquake to strike Virginia in more than a century rattled buildings in downtown Richmond and caused evacuations across the east coast.
Infrassure Switzerland and Liechtenstein sees capitalisation remain strong
AM Best has affirmed the financial strength ratings of A- Excellent) and the issuer credit ratings of “a-” of Infrassure(Switzerland) and its affiliate, Infrassure Vaduz (Liechtenstein). The outlook for all ratings remains stable.
RMS performs analysis for Swiss Re disease cover
Risk Management Solutions has conducted the expert risk analysis for two new series of notes issued under the Vita Capital IV Program.
Global storm activity increased in July
Aon Benfield's Impact Forecasting has revealed that July was characterised by an increase in global tropical cyclone activity as the calendar turns to the Atlantic Hurricane Season reaching its historical peak of activity.
Hiscox bemoans 'costliest year ever'
Specialist insurer and reinsurer Hiscox was stung by a pre-tax loss of £85.6m (2010: £97.2m profit) in the first half of the year but claims to be "heading towards the sunny uplands of profit".
View from the Top: Threat from wave of natural catastrophes?
The spate of natural catastrophes around the world shows no signs of abating.
Report finds insurance capacity remains buoyant in Europe
Insurers are still vying for lucrative accounts and insurance capacity remains buoyant in Europe, the Middle East and Africa, however, in some areas rates have increased, and insurers have tightened their policy terms and conditions in the second quarter…
Sport - Rugby World Cup: Shaken but not stirred
Robert Barron and Michael Owen look at the impact of the Christchurch earthquake on this year's Rugby World Cup and the lessons for contingency specialists involved in other major sporting events.
Sport - Olympics: The Olympic challenge
With only 12 months to go until the opening ceremony, Rachel Gordon attempts to break through the veil of secrecy and assess the insurance industry's role in the London 2012 Olympics.
Post Magazine – 21 July 2011
This week the Post team reports on DAS’ decision to close the Amicus Legal office in Colchester, a move which will cost 21 people their jobs.
Chile quake drives adjuster expansion
Brighton-based claims specialist Fitzgerald Consulting has set up its first international branch in Chile.
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
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.
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…
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.