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Data room: Share price movements
US-listed (re)insurance stocks fell heavily last week after Hurricane Sandy lashed the north-east, causing insured losses that could reach $20bn, according to the latest estimates.
05 November 2012
Benchimol vindicated after cat-book re-write
The reduction of exposure to north-east hurricane risk might be considered a significant early victory in the highly scrutinised tenure of recently appointed Axis CEO Albert Benchimol.
05 November 2012
(Re)insurers trounce Wall Street predictions for Q3
(Re)insurers have largely outperformed in the third quarter against Wall Street forecasts on the back of lower cats and higher-than-expected reserve releases that bolstered the bottom line.
05 November 2012
Disclosed crop losses grow to $795mn
The industry has now disclosed total crop claims of $795mn to date as a result of severe drought conditions in the US Midwest
05 November 2012
Where change is in the name…
There are not many drama students that rise to be a managing director of a £100m+ business - and especially not ones that didn't begin their current career until the tender age of 38.
05 November 2012
How the mood changed…
The industry's view on the ultimate loss impact from Superstorm Sandy is undergoing a significant shift. At the time of landfall, the consensus was that it would be a relatively moderate event retained by insurers that would do little to alter downward pressure on property cat rates.
05 November 2012
Irene and Lee show that reinsurers are not off Sandy’s hook
A number of reinsurance losses crept into the industry losses from last year's Hurricane Irene, illustrating that the $10bn rule of thumb threshold for a hurricane becoming a reinsurance event is no safeguard.
05 November 2012
Sandy to enter hurricane records
Superstorm Sandy could easily place high on the list of the most expensive hurricane losses for the insurance industry, as the rankings of the top 10 losses show.
05 November 2012
Cat XoLs of major cedants now likely to attach
As loss forecasts climb, more and more reinsurance programmes will engage. We analyse some of the more likely treaties to be triggered
05 November 2012
Benchimol vindicated after cat-book re-write
The reduction of exposure to north-east hurricane risk might be considered a significant early victory in the highly scrutinised tenure of recently appointed Axis CEO Albert Benchimol.
05 November 2012
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