Hurricane Sandy
2012 insured losses 36% above 10 year average: Aon Benfield
Last year’s insured losses soared almost a third higher than the 10 year average for insured losses according to Aon Benfield’s catastrophe modeling centre, Impact Forecasting.
Am Best affirms Swiss Re rating
Swiss Re's A+ financial strength rating and issuer credit ratings of ‘aa‘ have been affirmed by AM Best.
View from the Top: London looking for leadership
Independent brokers in the capital must adapt to survive the US-led private equity feeding frenzy, says Toby Esser.
Allianz puts Sandy loss at $590m
Allianz has estimated its hit from last year's Superstorm Sandy at €455m ($590m).
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.
US nat cats push global insured losses above 10-year average
Munich Re has called for greater loss prevention measures to be taken in the US, which saw 90% of worldwide insured losses in 2012.
Gable is likely takeover target, says investment bank
Gable's appointment as a Towergate trading partner in December is "further evidence that it has established itself as an accepted provider of insurance products", according to Panmure Gordon, which has listed the Lichtenstein-domiciled insurer as its …
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.
Catastrophe reinsurance rates unharmed by Sandy, says Willis Re
Property catastrophe reinsurance rates adjusted flat to -5% globally in January renewals.
Post magazine - 20/27 December 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Industry cat losses to hit $65m in 2012, says Swiss Re
Insured losses from natural catastrophes and man-made disasters will reach approximately $65m in 2012, according to Swiss Re.
Lloyd's: Sandy net claims could reach $2.5bn
Net claims from Superstorm Sandy could hit Lloyd's for $2bn (£1.25bn) to $2.5bn (£1.55bn) it was announced this morning.
Superstorm Sandy to cost Catlin £124m
Catlin estimates that its losses from the storm will be $200m (£124m), net of reinsurance and reinstatements.
Post Blog: Business interrupted
What can previous catastrophes tell us about the business interruption landscape following superstorm Sandy? Amy Lacey explains.
NY governor demands quicker Sandy response from insurers
New York governor Andrew Cuomo has ordered loss adjusters to visit properties damaged by super storm Sandy within six business days instead of 15.
Sandy to cost Swiss Re $900m
Swiss Re has estimated that its claims burden from superstorm Sandy will cost $900m, net of retrocession and before tax.
S&P: Sandy to hit earnings not capital
Superstorm Sandy is likely to be an earnings rather than a capital event for affected insurers and reinsurers, according to rating agency Standard & Poor's.
Interview: Joe Plumeri - Unfinished Business
Reflecting on 12 years at the helm, outgoing Willis chairman and chief executive Joe Plumeri tells Post he has no intention of coasting to the finish line, and that the insurance industry's 'golden age' is still to come.
AIR: entire neighbourhoods hit by Sandy surge
AIR Worldwide has issued a report on the damage patterns caused by superstorm Sandy in the coastal communities of Rhode Island and Connecticut.
Plumeri puts Sandy industry losses at $50bn
Outgoing Willis chairman and chief executive Joe Plumeri believes that insured losses arising from superstorm Sandy could be up to 10 times higher than the early industry estimates of $5bn (£3.15bn).
Post magazine - 15 November 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Sandy is a muted point for pricing, Willis finds
Superstorm Sandy is unlikely to have an impact on pricing, according to estimates by Willis Capital Markets & Advisory.
Davies expects Markel full-year results to weather the storm
Markel International finance director Andy Davies is confident that the impact of superstorm Sandy on his firm's full-year results will not halt the momentum achieved in the opening nine months of the year.