Reinsurance
Cooper Gay partner Marnix to target Japanese reinsurers
Cooper Gay has signed a deal with Marnix Corporation, the broking unit of Japanese conglomerate Marubeni, to target clients in Japan's treaty reinsurance market.
Cooper Gay completes Lightyear deal
Cooper Gay Swett & Crawford has confirmed that its investment agreement with Lightyear Capital has completed.
Insurance "integral" to improving global food security
Agricultural insurance is "indispensable" for managing agricultural risks, and key to increasing agricultural production, according to Swiss Re.
Allianz GCS gets local reinsurer approval for Brazil
Allianz Global Corporate and Specialty has received approval from the Brazilian regulator to start operating as a local reinsurer in the country.
Aspen promotes Meyer to Bermuda CUO
Aspen has promoted its London-based marine and terrorism reinsurance head to the role of chief underwriting officer at the firm's Bermuda subsidiary.
Sandy loss "comfortably" within budget, says Hannover Re
Losses arising from Superstorm Sandy are within Hannover Re's major loss budget for 2012 after the firm estimated a €261m net burden of loss from last October's storm.
Solar storms could generate trillions in economic losses, warns Aon Benfield
Solar and geomagnetic activity will reach a peak in 2013, according to reinsurance broker Aon Benfield, putting power distribution, telecommunications and satellite navigation at risk.
Middle East Blog: Inverted modus ponens
Most social science theories, including in economics, business and finance, are 'deductive theories' based on the modus ponens mechanism.
Asia reinsurer launches with $550m of capital
Hong Kong-based reinsurer Peak Re is trying to remedy what it describes as an "appalling" amount of underinsurance across the Asia Pacific region.
Polish law firm OKW joins global legal network Insuralex
Olczak-Klimek van der Kroft Węgiełek has been elected as a Polish member of independent global insurance law network Insuralex.
Argo launches first sidecar
Argo Group International has set up its first sidecar in the form of Harambee Re for the 2013 accident year.
Guy Carpenter takes on two GC Securities MDs from Aon Benfield
Guy Carpenter & Company has made a double recruitment swoop on Aon Benfield with the appointment of Andrew Beecroft and Paul Rayner as managing directors of GC Securities.
Reinsurers back Zurich quake bond
Munich Re and Swiss Re have acted as joint lead structuring agents in a $270m (£166m) catastrophe bond transaction that transfers North American earthquake risk to the capital markets, on behalf of Zurich Insurance Group.
Munich Re invests in French onshore wind farms
Munich Re has invested in 32 French wind farms via its asset manager MEAG.
Prices mostly stable at January reinsurance renewals
January 2013 reinsurance renewals took place against a stable backdrop, with only loss-affected lines and select regions experiencing price volatility, according to Guy Carpenter.
Insured losses exceed $50bn in 2012
The reinsurance sector is "equipped with ample dedicated capital and stable pricing" as it enters 2013, according to Guy Carpenter.
Miller hires facultative broker
Facultative reinsurance broker Charlotte Condon has joined Miller's reinsurance team in London.
UAE insurers consider motor premium hikes after December deluge
A hike in motor rates for UAE drivers is expected after 330 road accidents were reported in Dubai in a seven-hour period.
Superstorm Sandy puts downwards pricing pressure on reinsurers
Natural catastrophe losses for 2012 are estimated to be 50% less than 2011's $120bn, and most reinsurers are not facing any material capital impact and remain within annual catastrophe budgets.
Catastrophe reinsurance rates unharmed by Sandy, says Willis Re
Property catastrophe reinsurance rates adjusted flat to -5% globally in January renewals.
UK motor profits could take fresh hit as reinsurers mitigate exposure to PPOs
The prevalence of periodic payment orders is expected to undermine underwriting profitability in the motor market in 2013, as reinsurers become increasingly reluctant to take on a rising number of variables.
Lloyd's reveals Superstorm Sandy claims could hit $2.5bn
Lloyd's has announced today that its estimated net claims before tax from Superstorm Sandy are between $2bn and $2.5bn.
Cooper Gay recruits ex-Aon director as part of Asia push
Cooper Gay has appointed David Yip as head of treaty for Cooper Gay Hong Kong as part of an expansion drive in Asia.