Hannover Re
Hannover Re expects double-digit million euro loss from Concordia
Hannover Re’s total loss from the stricken Costa Concordia could be in the mid-double-digit million euro range, according to the firm.
Hannover Re could face €10m Costa Concordia claim
Hannover Re expects a damage claim of at least €10m from the Costa Concordia wreck, according to reports.
QBE expands Dubai capabilities
QBE has expanded its Dubai branch’s underwriting capability into general liability facultative reinsurance for Middle Eastern and North African clients.
Generali, RSA and XL Group believed to insure stricken cruise ship
The Costa Concordia, which ran aground on Friday, is believed to have been insured by companies including RSA Insurance Group, Assicurazioni Generali SpA, and XL Group.
A windstorm for the insurance market
As the market gradually starts to digest the recent European renewals, Francesca Nyman considers the increasing challenge that European windstorms pose and whether insurers are adequately protected against this risk.
Chaucer strengthens energy team
Chaucer has made new underwriting appointments in London, Houston and Oslo.
Talanx licenses Towers Watson software for global risk management
Talanx has purchased Towers Watson's financial modelling and reserving software to harmonise its regulatory capital reporting.
News analysis: Escalating loss estimates in Thailand begin to trigger market fallout
It was the worst flooding Thailand had seen for 50 years and, during its four-month spell, more than 600 people died and 77 provinces were submerged in water.
Review of the year - Lloyd's & London Market: The costliest year ever?
The first half of 2011 saw an unprecedented number of catastrophic events, so how has Lloyd’s and the London market coped?
News analysis: Admiral’s claims woes worsen as quarter three results revealed
Admiral’s market followers suffered a painful dose of déjà vu last week when the motor insurer’s quarter three results underscored its rising exposure to large bodily injury claims, and it warned full year pre-tax profits would be lower than expected.
Admiral share price rests on analyst presentation
Admiral’s analyst presentation this afternoon could see its share price rise if it “hits the market with new stuff” or plummet further if it fails, experts have warned.
Thai floods: Waters set to overwhelm Bangkok
Loss adjusters are preparing for the complete flooding of Bangkok as waters reach the centre of the city.
Hannover Re: rates and demand to rise
Hannover Re said it expected heavy losses from natural catastrophes to mean the widely varying market hardening observed across the board in previous renewal phases to be sustained.
Congregational & General sells majority stake in Integra to Hannover Re
Church insurer Congregational & General Insurance has sold a majority share of its subsidiary Integra Insurance Solutions to Hannover Re. FSA approval has been granted.
Chaucer outlines delisting timetable after scheme sanctioned
Following an application by Chaucer to the UK Listing Authority, it is expected that trading of Chaucer Shares on the main market of the London Stock Exchange will be suspended from 4:30pm on 30 June 2011.
Storm surge modelling in Germany
The German coastline suffers from storm risks on a regular basis but a lack of accurate storm modelling has meant property policies have not included cover. Edward Murray reports on how this may be set to change.
Gable CEO blasts FSA for large firm bias over SII
The chief executive of Liechtenstein-regulated insurance company Gable has accused the Financial Services Authority of failing to support small insurance companies in the run-up to Solvency II implementation.
Editor's comment: Still after a piece of the motor market action
Despite the horrendous combined operating ratios and losses that have piled up in the UK personal lines motor market in recent years, it still holds a fascination for many.
Chaucer bolstered by rate rises across UK and energy portfolios
Chaucer this morning reported gross written premium income of £274.1m for the first quarter of 2011 (2010 Q1: £250.1m).
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…
Hannover posts profit despite 123.8% non-life COR
Hannover Re has reported an operating profit of Euro 46.1m (Q1 2010 Euro 238.8m) for the first three months of 2011.
Chaucer rating unchanged as largest shareholder rejects bid
AM Best Europe has said that the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1084 and the ICR of “bbb” of Chaucer Holdings are unchanged following the announcement that the board of CH has…
Hannover Re buys Scottish portfolio
Hannover Re has agreed to buy a reinsurance portfolio from Scottish Re (US).
Reinsurance sector braced for huge losses in Japan
The global reinsurance industry is positioned to absorb the impact of the Japanese earthquake — even if the insured losses reach $35bn (£21.7bn).