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  • A magnitude 6.9 earthquake that struck a remote region in China on 14 April has now killed almost 2,000 people and left tens of thousands homeless, according to latest reports.
  • Against the backdrop of US tort reform, some US insurers are lobbying to increase Equitas' burden of asbestos claims, warned Equitas’ new chief executive Scott Moser this month. Speaking at Equitas' annual meeting on 12 September, Moser applauded the
  • Mirroring the 2009 bounce-back within the global (re)insurance industry, Lloyd's pro forma capital base increased by 13 percent to £16bn in the first half of 2009 and 30 percent year-on-year.
  • No criminal charges will be filed against the senior executives that ran AIG Financial Products (AIG FP) into the ground and racked up tens of billions of losses, it has emerged.
  • Insurance-linked securities (ILS) demonstrated a more-than 60 percent long term correlation to the S&P500 index in the aftermath of the Lehman Brothers collapse last year, despite the sector purporting low or no correlation to the wider financial markets.
  • Global reinsurer Scor is now basing its internal loss estimates from the Air France crash on a market loss of $750mn, The Insurance Insider can reveal.
  • A US subsidiary of Prudential Financial has closed a $2bn letter of credit deal with a number of banks in the largest life securitisation since the 2008 financial crisis.
  • Although TRIA continues to provide a vital backstop against extreme losses, industry experts have warned that terrorism risk remains high and the burden on reinsurers continues to grow. Catastrophe modelling firm Risk Management Services (RMS) has...
  • UK composites confirm rate rises after heavy flood losses
  • Troubled insurance giant American International Group (AIG) posted another “back to business” set of earnings last week which included a 50.1 percent increase in second quarter net income.