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Platinum to book $27.9mn Thai loss and add $28.9mn to NZ/Japan creep
Platinum Underwriters expects to book $55.4mn of Q4 cat losses that include a $27.9mn estimated net negative impact from the Thai flooding and further significant creep on earlier 2011 catastrophes.
27 January 2012
Chubb cheers investors on rates but disappoints on EPS outlook
The Chubb Corporation matched fellow US giant Travelers in reporting fourth quarter rate rises of 6 percent in its commercial insurance division as price increases accelerated through the year.
27 January 2012
Airline insurance industry profits in 2011
The airline insurance industry took in more in premiums than it paid out in claims during 2011, according to preliminary data compiled by global broker Aon.
27 January 2012
Aquiline buys Juniperus cat fund
Insurance-specialist private equity investor Aquiline Capital Partners has bought Bermuda-based catastrophe investment manager Juniperus Capital Ltd (JCL), sister title Trading Risk has revealed.
27 January 2012
BMS targets US growth with New York office and CEO relocation
Independent broker BMS has opened a New York City office and relocated group CEO Carl Beardmore there as it continues to grow its North American reinsurance business
26 January 2012
PartnerRe reports 15% drop in cat premiums at 1.1
PartnerRe wrote just $256mn of cat premiums at 1 January as it reduced its top line in the sector by 15 percent despite the strong rate increases achieved in the class
26 January 2012
Others interested in following Aon to London, says Nelson
Other large companies in the international (re)insurance sector are interested in moving their business to the London market, Lloyd's chairman John Nelson has said.
26 January 2012
$130mn aggregate recovery lessens Zurich’s Q4 cat bill
Recoveries of $130mn from aggregate reinsurance covers will dampen the impact of Zurich Financial Services' (ZFS) fourth quarter catastrophe losses
26 January 2012
Perils estimates EUR300mn Windstorm Joachim industry loss
Perils, the European industry exposure and loss calculation firm, has estimated an initial industry loss of EUR300mn for windstorm Joachim, which swept through France, Germany and Switzerland from 15-17 December.
26 January 2012
Tawa-led consortium completes Whittington UK purchase
(Re)insurance service provider and run-off acquirer Tawa has confirmed the completion of its purchase of Lloyd's turnkey specialist Whittington UK with its consortium partners.
26 January 2012
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