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Expect yet another quiet hurricane season, say experts
Catastrophe (re)insurers should expect a below-average Atlantic hurricane season, according to recent forecasts from Aon Benfield's Tropical Storm Risk (TSR) and Colorado State University (CSU) meteorologists.
14 April 2014
Cyclone Ita causes floods, power cuts
Cyclone Ita has caused flooding and left thousands of homes without power in northeastern Australia, but there have been no deaths or major infrastructural damage, according to media reports
14 April 2014
Ace companies upgraded to A++ by AM Best
AM Best has rewarded Ace Ltd for strong earnings and capitalization along with "prudent" acquisitions by upgrading the financial strength ratings (FSR) of most of the (re)insurer's operating subsidiaries from A+ to A++.
11 April 2014
QBE prepares to sell $1.2bn US unit
Global insurer QBE is interviewing advisers ahead of the sale of its US mid-market business Winterthur, which it bought for $1.2bn seven years ago, The Insurance Insider can reveal.
11 April 2014
Reinsurance capital rises to new record: Aon Benfield
The total volume of capital available to underwrite reinsurance risk rose 7 percent to a new record of $540bn last year, Aon Benfield said today (11 April)
11 April 2014
Catlin leads new Asia aviation consortium
Catlin, operator of the biggest syndicate at Lloyd's, today (10 April) said it has launched a consortium at the 326-year old market's Singapore outpost to write Asian general aviation business.
11 April 2014
Bipartisan agreement reached to extend TRIA by seven years
A crucial bipartisan agreement has been reached in the US Senate on legislation to reauthorize and extend the Terrorism Risk Insurance Act (TRIA) by a further seven years.
11 April 2014
Case: data proves Aon-Berkshire Sidecar is ‘good’ for London
A year after the launch of its controversial 7.5 percent Berkshire Hathaway "Sidecar", Aon plc CEO Greg Case has said take-up data vindicates his firm's predictions that the facility would be "good for clients, good for London and good for Lloyd's".
10 April 2014
Hastings unveils 18% profit drop
Hastings, the UK personal lines insurer and broker half-owned by Goldman Sachs, today (10 April) said its profit fell 18 percent last year, held back by one-off restructuring costs.
10 April 2014
Severe cyclone threatens Queensland coast: AIR
The northern coast of Queensland is under threat from Cyclone Ita, according to catastrophe modelling firm AIR Worldwide.
10 April 2014
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