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Hardy predicts New Zealand rates will rise after quake
Hardy Underwriting took the highest proportional loss on the New Zealand earthquake of the international reinsurers to report to date, with its £10mn hit representing nearly 7 percent of its mid-year shareholder equity.
15 November 2010
Underwriting key to cat exposure management, says panel
Last autumn's record hurricane losses have spurred a sea change in approaches to underwriting catastrophe risk and the use of modelling techniques, said panellists at a market briefing hosted by The Insurance Insider in London last Friday (5 May).
08 May 2006
Scor tops up contingent cover to EUR150mn
Global reinsurer Scor has increased the amount of event-driven contingent capital it can draw on following large natural catastrophe losses to EUR150mn, having triggered the first EUR75mn of its 2010 facility last year.
21 May 2012
Lloyd’s CEO casts Bolt as enforcer
Tom Bolt, the self-effacing Texan who is head of Lloyd's underwriting standards, has seen his role change in the year since he joined the Society because of the enervating market conditions.
29 November 2010
Modest rate rises lay stable ground for UK insurance
Ratings agency Moody's has affirmed its stable outlook on the UK general insurance sector as it forecasts modest real-term rate increases in most lines of business.
23 April 2012
Sidecars now over $4bn
Sidecar vehicles have now raised more than $4bn in capital since they roared into fashion in the aftermath of Hurricane Katrina last year.
08 September 2006
XL and ACE report contrasting fortunes
Bermudian XL Capital has reported fourth quarter earnings in line with last month’s sub-prime loss fuelled profits warning, but analysts continue to focus on uncertainty surrounding the troubled (re)insurer.
06 February 2008
Whitehall praised for pleural plaques stance
The Association of British Insurers (ABI) has welcomed UK Justice Secretary Jack Straw's recommendation last month that pleural plaques alone does not require compensation.
04 March 2010
Euler Hermes chief says credit insurance rates hardening; uninsurable risks on the rise
Fabrice Desnos, CEO of Credit insurance specialist Euler Hermes UK has told The Insurance Insider that an increasing number of risks “have become uninsurable in the strictest sense” and underwriters are having to be more selective...
27 November 2008
Lloyd’s legacy albatrosses to be finally set free
GoshawK and Alleghany - two of the most spectacular failure to occur on the Lloyd's Central Fund - are closer to being finally reinsured
08 July 2010
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