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Hurricane Sandy losses mount as East coast threat grows
Hurricane Sandy is shaping up to be a major threat to the East coast of the US as it barrels across the Bahamas on a collision course with a pressure trough from the west that could significantly expand the storm's wind field.
27 October 2012
Mapfre's top line up 10 percent but dividend cut queried
Spanish (re)insurer Mapfre's rapidly expanding emerging market business in has helped it to grow its top-line by almost 10 percent during the first nine months of 2012, despite economic challenges in its traditional core domestic market.
26 October 2012
Lloyd's puts positive spin on Solvency II delay
Lloyd's has given a positive spin to the latest Solvency II delay and highlighted the potential benefits, noting that regulators and policymakers can use the extra time to eliminate unnecessary elements and realign over-ambitious provisions in the regime.
26 October 2012
Aon Benfield posts 7% organic growth
Aon's broking operations posted flat revenue of $1.8bn in the third quarter as organic growth was offset by falling investment income and unfavourable foreign exchange rates
26 October 2012
Consolino swaps Bermuda for Cincinnati
Jeff Consolino, Validus' highly regarded CFO and strategic mastermind, is to leave the expansive Bermudian reinsurer for American Financial Group
26 October 2012
Validus posts strong Q3 operating profits of $170mn
Validus became the latest US/Bermudian (re)insurer to beat Wall Street expectations as it posted operating profits of $170.6mn, or $1.74 a share, compared to $112.6mn or $1.09 a share in the prior-year period
26 October 2012
CEA reshapes Jan 2013 programme with $1.68bn placement
The California Earthquake Authority (CEA) has lined up a $1.68bn subscription list to fill the first part of its 2013 risk transfer programme, according to an agenda document posted on the organisation's website
26 October 2012
Bullish Chubb posts record Q3 profits
Chubb's Q3 financials echoed the bullish tone of the US P&C reporting season so far as the insurance giant smashed earnings forecasts and reported sustained momentum on price rises.
26 October 2012
Validus CFO Consolino resigns
Validus Holdings CFO Jeff Consolino is resigning the position to join another financial services company, the reinsurer has revealed.
26 October 2012
Lloyd’s: South Africa ripe for crop and political risk cover
Lloyd's has spotted potential for developing political risk and crop insurance in the growing South African insurance market which already accounts for over half of Africa's non-life gross premiums.
25 October 2012
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