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  • Contingency (re)insurance underwriters are shying away from weather-related event cancellation cover in the UK after a summer of heavy rain inflicted significant losses on carriers, sister publication Inside FAC reported.
  • Global specialty (re)insurer QBE lifted its first-half net profit by 13 percent to $760mn as catastrophe losses almost halved and investment income rose by a third.
  • The signs of an imminent market bottom are there... but is anyone looking?
  • Risk-based capital allocation models and better risk modelling techniques, together with improved underwriting discipline, have put the London market in a better position than ever before to counter the destabilising effects of the underwriting cycle, acc
  • As the European reinsurance industry descended upon the sleepy German spa town of Baden Baden yesterday to kick-start the annual reinsurance gathering, several key themes dominated early conversations.
  • The higher prices charged for capital markets' capacity are justified in the current climate, according to Chubb chief risk officer (CRO) Joel Aronchick.
  • Hispanic (re)insurer Mapfre has posted a modest EUR80.8mn loss from the Chilean earthquake, despite its position as the fourth-largest general insurer in the country.
  • German reinsurer Hannover Re has had its insurance financial strength and debt ratings upgraded from Baa1 to A3 and Ba1 to Baa2 respectively with a stable outlook by rating agency Moody’s Investors Service.
  • Risk and Insurance Services global headcount set to fall below 25,000 amid tough US conditions; specialist units to be scaled back.
  • John Edwards, one of Aon Benfield's most senior retro producers, has resigned, The Insurance Insider can reveal.