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New York state puts Sandy recovery bill at $33bn
New York state has set its preliminary repair and recovery bill from Hurricane Sandy at $32.8bn, while neighbouring New Jersey has estimated initial losses at $29.4bn including federal aid
28 November 2012
Cincinnati Financial estimates up to $35mn in Sandy losses
US insurer Cincinnati Financial has announced $25mn to $35mn in estimated fourth quarter pre-tax cat losses from Superstorm Sandy, a figure that falls significantly below analysts' initial forecasts
28 November 2012
Carney: The Bank of England's outspoken new governor
Financial Stability Board chairman Mark Carney has been named governor of the Bank of England and will take the reins from Sir Mervyn King from June next year.
27 November 2012
Swiss Re blames Sandy loss uncertainty on bad data
Swiss Re has defended cat modellers for the uncertainty and wide variations in loss estimates for Superstorm Sandy, and instead blamed substandard exposure data for US flood and storm surge.
27 November 2012
Lloyd’s: China underinsured by $80bn for nat cat
A study commissioned by Lloyd's has estimated that 17 emerging countries are underinsured for natural catastrophe by up to $168.1bn in annualised non-life insurance premium
27 November 2012
SEC chairwoman Schapiro to step down
Mary Schapiro, chairwoman of the Securities and Exchange Commission (SEC), is to step down from the role next month after four years
27 November 2012
Grosvenor Brokers buys Paul Napier Ltd
Private equity-backed Grosvenor Brokers has completed the acquisition of fellow Lloyd's broking minnow Paul Napier Ltd
27 November 2012
Expansive Q-Re gets AM Best A rating
Qatar Insurance Company SAQ (QIC) and it two main subsidiaries have been given a financial strength rating of A by AM Best reflecting the group's "excellent prospective risk-adjusted capitalisation".
27 November 2012
AIR revises Sandy loss towards $20bn
Catastrophe modeller AIR Worldwide has revised its estimate for insured losses from Superstorm Sandy to a range of $16bn to $22bn
26 November 2012
Data Room: Share price movements
Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers
26 November 2012
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