South America
Marsh Q2 2010 results show double digit growth in Asia
Marsh & McLennan has today reported that its risk and insurance services arm, Marsh, recorded revenue of $1.5 bn (£942m) in the second quarter of 2010, an increase of nine percent from the same period in 2009, or one percent on an underlying basis.
Zurich reshapes global life business
Zurich has appointed four regional chief executives within global life, Europe, Asia Pacific & Middle East, North America and Latin America.
Consolidation - global brokers: Too big for their boots?
The creation of the global broker in the 1980s resulted in a dominant few. David Trezies asks whether this consolidation has produced any tangible benefits for clients.
Scor reports 19% growth at treaty renewals
P&C and specialty treaty renewals at end of June have resulted in premium growth of 19% at constant exchange rates, whilst fully respecting the technical underwriting profitability criteria.
The Reinsurance Power List 2010: Who's the daddy?
After the usual team debates, tears and tantrums, once again the Reinsurance team presents its annual Power List. We give you our opinions on who is hot and who is not in the reinsurance world and why they are a force to be reckoned with
Claims: Is close enough good enough?
Daniel Saville and Tim Harmer investigate the ramifications of IRB Brasil Resseguros v CX Reinsurance Company
New analysis: Rates decline at July renewals
Prices fell for most peak lines at the 1 July 2010 renewals, with moderate pressure on property rates in regions with catastrophe activity, writes Katherine Blackler
Chaucer in Buenos Aires
Chaucer has opened a new office in Buenos Aires, Argentina, to access facultative property and related risks in Latin America on behalf of Chaucer Syndicate 1084.
Lloyd's insurer opens Argentina office
Chaucer has opened a new office in Buenos Aires, Argentina, to access facultative property and related risks in Latin America on behalf of Chaucer Syndicate 1084.
Singapore insurance market poses threat to London warns Marsh
The London market needs to think about how it is responding to the expanding Singapore market if it is going to be competitive with rates.
RSA appoints renewable energy underwriter
Insurer RSA has appointed Soledad Vitale as a renewable energy underwriter.
Nat cat losses more than double average in first half 2010
Insurers’ losses from natural catastrophes, including the February earthquake in Chile, totaled $22 billion in the first half of the year, more than double the average for the period since 2000, according to Munich Re.
Haiti and Mozambique most vulnerable to economic losses from natural disasters
Italy, Japan, China, USA, Spain and France also rated “high risk” on The Natural Disasters Economic Loss Index (NDELI), released by risk intelligence and ratings company, Maplecroft.
Ariel Re admitted as reinsurer in Brazil
The (re)insurer has also opened a representative office in Rio de Janeiro after its approval as an admitted reinsurer by regulator SUSEP
Interview - Stefano Tranquillo: Sticking to the principle
FM Global's Stefano Tranquillo may have a diverse background but, he tells Lynn Rouse, the company has achieved first-class underwriting results using a risk management model that has changed little in the 175 years since it was founded.
Hurricane Alex losses of $200m predicted
Catastrophe risk modeling firm AIR Worldwide estimates that insurable losses (losses from properties that are eligible for insurance, whether or not they are actually insured) from Hurricane Alex are not expected to exceed $200m.
Post script – 10 years ago: Garwyn in limbo as QBE goes to Limit
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Hurricane Alex makes landfall on Texas-Mexico border
Hurricane Alex drenched the Texas-Mexico border in the early hours on Thursday as the powerful storm slammed into Mexico's Gulf coast, spawning tornadoes and flooding towns, but sparing US oil wells.
Reinsurance pricing resists pressure
Major losses from the Chile earthquake and storms in Australia in the first quarter of 2010 have had little impact on pricing in the global reinsurance market.
Alex becomes a hurricane
Alex has intensified to become the first hurricane of the 2010 season, making it the first June hurricane in the Atlantic since 1995. Hurricane forecast to hit Texis/Mexico border on Thursday.
Alex to strengthen as hurricane watches issued for Texas and Mexico
Tropical Storm Alex, the first named system of this year’s Atlantic hurricane season, strengthened as it forced the evacuation of some offshore rigs and pushed swells toward a slick left by the Deepwater Horizon spill.
Hiscox to cut Lloyd's capacity by £100m in 2011
Hiscox has published a summary of its initial 2011 business forecast for Syndicate 33. A full 2011 business forecast for Syndicate 33 will be submitted to Lloyd's by 9 July.
Alex regains tropical storm strength in Gulf
Tropical depression Alex picked up speed over the Gulf of Mexico on Sunday, regaining tropical storm strength, and keeping two key Mexican oil ports closed.
Levene laments 2010, the year of "direct hits"
The chairman of Lloyd’s has described 2010 as the year of “direct hits”.