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TSR ups NA Hurricane forecast to near-normal
Forecasters at Tropical Storm Risk (TSR) has revised its outlook for Atlantic hurricane activity upwards this year and now anticipates a close to normal season.
23 May 2012
Lloyd’s syndicates forecast 1.5% loss for 2011 year
Lloyd's syndicates are predicting a 1.57 percent mid-point loss on capacity in the first indication of results for the catastrophe-laden 2011 year of account.
23 May 2012
Judge upholds MF Global directors’ $250mn D&O access
A New York judge has confirmed an earlier ruling allowing MF Global executives to recoup defence costs from directors' and officers' (D&O) underwriters
23 May 2012
Tokio Marine and MSI unaffected by sovereign downgrade
The ratings of Tokio Marine and Mitsui Sumitomo Insurance (MSI) remain unchanged despite Fitch's decision to downgrade Japan's sovereign issuer default rating from AA- to A+.
23 May 2012
Mapfre in Hispanic credit tie-up with Euler Hermes
Spanish and international (re)insurer Mapfre and credit specialist Euler Hermes have signed a 50/50 joint venture to develop their credit insurance business in Spain and four Latin American countries
23 May 2012
Validus Re reshuffles internally after Conan Ward departure
Validus Re chief underwriting officer (CUO) Kean Driscoll has been promoted to the role of CEO to replace the departing Conan Ward, in a move predicted by The Insurance Insider.
22 May 2012
Eqecat: Italian quake losses unlikely to breach EUR200mn
Sunday's (20 May) magnitude 6.0 earthquake in northern Italy is not expected to cost (re)insurers more than EUR200mn, with a EUR100mn loss the more likely outcome, cat modelling firm Eqecat said
22 May 2012
Validus and Ward settle terms of exit
Conan Ward has resigned as CEO of Validus Re and will leave the company altogether on 1 February 2013, as first revealed by The Insurance Insider
22 May 2012
AM Best affirms ratings of RenRe and its sidecars
Property catastrophe specialist RenaissanceRe's robust performance in response to the brutal sequence of 2011 catastrophe events has been recognised by ratings agency AM Best, with a host of rating affirmations across the company and its affiliates.
22 May 2012
Aon appoints McGill as group president
Steve McGill, the head of Aon Plc's largest broking division Aon Risk Solutions, has also been appointed to the new role of group president in a move that extends his influence across the whole group.
22 May 2012
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