Reinsurance
Scor places catastrophe bond against Europe and US perils
Scor has launched a multi-million pound catastrophe bond to provide protection against US hurricanes and earthquakes and European windstorms as part of a strategy to diversify its capital protection tools.
Caribbean cat risk report issued on Sandy
The Caribbean Catastrophe Risk Insurance Facility has issued a risk report after two of its members, Jamaica and the Bahamas, were hit by tropical cyclone Sandy.
"Largest Atlantic hurricane on record" could bring losses of up to $15bn, warns AIR
Insured losses from Sandy to onshore properties in the US will be between $7bn and $15bn, AIR Worldwide has estimated.
Law firm warns of Sandy coverage gaps
Insurers may struggle to define causes of damage following Sandy's landfall in New York, while the duration of the storm could limit reinsurance cover.
Primary insurers to bear brunt of Sandy, says Fitch
Losses related to Hurricane Sandy will be largely borne by primary insurers, according to Fitch Ratings.
Reinsurers have appetite for Asia-Pac business despite 2011 losses
The first three quarters of 2012 have proved relatively benign in terms of Asia Pacific insured catastrophe losses, according to a new Guy Carpenter report.
Aon Benfield launches Thailand flood model
Reinsurance broker Aon Benfield has created a flood model for Thailand to help insurers better understand exposures.
Xchanging signs five year renewal deal for IMR
Xchanging, the business process, procurement and technology services provider and integrator, has been awarded a five-year extension to its contract to operate the Insurers' Market Repository.
Sri Lankan MP calls for action over bogus reinsurance arrangement
Sri Lanka Insurance Corporation is reported to have lost Rs.208m by entering into a bogus reinsurance agreement.
Philippines earthquake pool moves a step closer
The Philippines insurance industry, government and multilateral lending agencies hope to reveal further details of the country's first earthquake insurance pool in December, it has emerged.
Validus reports Q3 operating income up 50%
Bermudian insurer and reinsurer Validus saw a sharp rise in net operating income for the third quarter of 2012, reporting an increase of $58m.
Lloyd's chair acclaims "massive benefits" of MGAs investing in China
Bank of China, China Re Group, China Insurance Regulatory Committee and the PICC were among the firms and organisations courted by Lloyd's last week as part of an event held in Shangai.
Indian insurers and the international expansion challenge
Foreign expansion is touted as the way forward for Indian insurers. But, while some may look overseas for growth, establishing a business outside the country is not an option for most of India's insurers.
Beazley swoops for Allianz Re regional manager for Singapore role
Beazley is expanding its reinsurance team into Singapore with the appointment of Ben Liang.
Aspen insurance segment drives GWP growth
Aspen has reported a 12.7% increase in gross written premium in the third quarter to $558.4m, the majority of the growth resulting from a 36.2% increase in the insurance segment.
Everest Re reports Q3 income surge
Bermudian insurer and reinsurer Everest Re has seen takings swing sharply upwards in its third-quarter results.
Marsh backing Project Noah despite rival Aon joining flood insurance race
Aon Benfield's decision to unveil a reinsurance-based flood risk solution has sparked a bullish response from rival Marsh's top flood specialist, who claimed that the launch of his firm's Project Noah proposal is imminent.
Argo expands treaty offering with Lloyd's platform
Argo Group International Holdings is expanding its offerings in the international casualty marketplace with treaty reinsurance business written through Lloyd's.
RMS heralds Insurance Institute of China appointment
RMS Beijing has been appointed as a member of the Insurance Institute of China by the eighth board of directors, with RMS' Dr Hang Gao serving as a new director.
E+S Rück predicts stable prices for German renewals
E+S Rück, the Hannover Re Group company responsible for German domestic business, anticipates stable or rising prices in the market for the upcoming treaty renewals on 1 January.
Flagstone Re announces Validus EGM date
Luxembourg-domiciled Flagstone has announced a shareholder vote on an acquisition by Validus.
Aspen Re enhances risk management in China
Aspen Reinsurance has licensed Air Worldwide's multiple peril crop insurance model for China to enhance its risk management capabilities in catastrophe-exposed agricultural regions of the country.
JLT's Q3 profit warning indicates challenges ahead
Jardine Lloyd Thompson faces significant challenges to its ambition to be a top three global player, according to an Investec analyst note.
Hiscox names catastrophe research lead
Hiscox has swooped to appoint a group head of catastrophe research, as well as adding two to its Lloyd's non-marine team.