South America
Renaissance Re, Everest Re deliver loss estimates
Bermudian reinsurers Everest Re and Renaissance Re have said that they will be hit by losses from the Chilean earthquake earlier in March.
Chile hit by two major aftershocks
Chile has been hit by two aftershocks from the 8.8 magnitude earthquake that struck of its coast less than a fortnight ago.
Munich Re boss confident of €2bn profit in 2010 despite early losses
Gross premiums written rose by 9.5% to €41.4bn (€37.8bn). But if exchange rates had remained the same, premium volume would have increased by 9.9% compared with the previous year.
Swiss Re gives quake and Xynthia loss estimates
Reinsurer claims losses for the European winter storm to be approximately $100m.
PartnerRe Chile quake claims could reach $320m
PartnerRe has said it expects initial claims worth $220m-$320m, on a pretax basis, related to the recent devastating earthquake in Chile.
Earthquake losses "manageable" for Chilean insurers, claims Moody's
Early estimates indicate that the magnitude 8.8 earthquake off the coast of Chile on 27 February, will bring high insured losses, which will likely pressure overall profitability.
AIG to sell non-US life unit to MetLife
AIG’s board of directors approved the sale of the division to MetLife on March 5th, according to newswire Bloomberg.
Chaucer profits back in black
Chaucer has reported profit before tax and foreign exchange on non-monetary items of £75.3m (2008 loss £59.5m).
Spreading the insurance message in Latin America
Could the Haitian earthquake lead to the dawn of insurance for all in Latin America? Amador Torrealba considers the region's options
South America hit by worst earthquake in decades
South America's worst earthquake in 50 years has killed more than 700 people and caused total losses of up to $30bn (£20bn).
Chile quake may be most expensive for insurers since 1994 – Munich Re
If quake damage costs insurers $8bn, as predicted by Eqecat, it will be the 2nd most expensive in history.
Crawford sends back-up to Chile
Crawford & Company has mobilised its extensive staff of in-country, regional and Global Technical Services adjusters to handle the losses resulting from the devastating earthquake that impacted Chile on Saturday.
Chile earthquake may cost insurers up to $8bn, says Eqecat
The massive earthquake that hit Chile may cost insurers up to $8bn, Eqecat has said in a note to clients.
IRB earnings up 2.67%
Brazilian reinsurer increases earnings in 2009 despite drops in premiums, market share and its investment income.
Earthquake claims more than 700 lives
A major earthquake measuring 8.8 magnitude off the the cost of southern Chile has killed at least 700 people and caused economic damage of up to $30bn (£19.8bn).
Chilean earthqauke may cost $15-30bn, says Eqecat
The earthquake that struck offshore of Southern Chile could cost $15-30bn, according to risk modelling firm Eqecat.
Allianz GI arm reports a drop in 28% drop in operating profit
The two biggest drivers were a decline of 0.6bn euros in operating investment income and an underwriting result which was down 0.7 bn euros.
Marsh appoints Americas energy boss
Marsh has appointed Andrew Herring as leader for the Americas of its wholesale energy practice
Max Capital keen for merger partner
Bermudian reinsurer says "enhanced scale" is desirable in letter to shareholders
THB grows international treaty team
THB hires three senior brokers from RFIB
Banco do Brasil to acquire control of IRB Brasil Re
Banco do Brasil is likely to acquire control of IRB Brasil Re, Brazil’s state-controlled reinsurance company, in the first quarter next year, Brazilian newspaper Valor Economico has reported.
Mexico made simple
Concerns about regulating reinsurance contracts continue to deter potential entrants to the Mexican market, write Yves Hayaux-du-Tilly and Carlos Fan.
Max Capital opens Latin American business with XL hires
Bermudian reinsurer opens Latin American business with management from a major competitor
The face of Latin American insurance
Katherine Blackler talks to Franklin Santarelli, senior director (Latin America), Fitch Ratings about the state of Latin America’s (re)insurance markets.