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Crop loss estimates range from $5bn to $20bn
(Re)insured loss estimates from the severe drought in the US range from $5bn to $20bn, reflecting the huge uncertainty that surrounds the fiendishly complicated loss.
28 August 2012
Suncorp gives reminder of scale of outstanding Kiwi quake claims
Pending New Zealand earthquake claims continue to hang over the heads of reinsurers, with major cedant Suncorp stating that it expects to have "well over half" of its claims settled by the middle of next year.
28 August 2012
Tembin spares Taiwan major losses
Typhoon Tembin defied forecasts of a potentially challenging Category 4 landfall on Taiwan last week, weakening to Category 1 and turning south before striking the island nation.
28 August 2012
Copenhagen cloudburst losses soar north of $1bn
Losses from last year's flash-flooding in the Danish capital Copenhagen have deteriorated considerably beyond the $1bn mark previously reported.
28 August 2012
End of ARP to tempt insurers back to UK solicitors' PI
New entrants to the UK solicitors' professional Indemnity (PI) market are likely to be attracted to the sector when the Assigned Risk Pool (ARP) closes next year, according to broker Marsh.
28 August 2012
North America CUO leaves Flagstone for Platinum
Flagstone Re's chief underwriting officer (CUO) for North American business, Joe Hooks, has left the company and will join rival Bermudian Platinum Underwriters, The Insurance Insider can reveal.
28 August 2012
Alternative reinsurance market may shrink in 2013: Fitch
The growth of the alternative market has been a mixed blessing for traditional reinsurers, according to Fitch Ratings.
28 August 2012
IAG mega cat treaty will not be brought to market until 2015
IAG will not merge its own vast cat reinsurance treaty with that of recent New Zealand acquisition AMI until 2015, the Australian insurer has said.
28 August 2012
Apollo and Hays pay tribute
Apollo, the Lloyd's insurer named in honour of man's first moon landing, has paid tribute to Neil Armstrong, the pioneering astronaut who died over the weekend
28 August 2012
IAG prepares for discounted Equity sale with A$297mn writedown
IAG has written off all of the goodwill in its UK business Equity Redstar, which senior financial sources suggest could lay the ground for a sale at a significant discount to book.
28 August 2012
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