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Qatar revamps captive regulation
Regulatory authority the Qatar Financial Centre has released a new framework for captive insurers as part of its push to develop the region as a captive hub
04 July 2011
10% of insurers fail Eiopa’s adverse stress test
Around 10 percent of European insurers would fall below their minimum capital requirement under an adverse stress test scenario applied to the sector by Eiopa
04 July 2011
Japan reinsurance loss could be highest ever: Holborn
The ultimate loss from the Japanese earthquake and tsunami could reach an all-time high for reinsurers at $30bn, according to research from reinsurance broker Holborn.
02 July 2011
Suncorp cat reinsurance programme renews up 70%
Suncorp has stated that the limit of its aggregate cover has halved to A$200mn on renewal as its main A$5.35bn cat programme prices up by approximately 70 percent.
01 July 2011
Whittingdale to head Compre’s audit and consultancy team
Scandinavian legacy specialist Compre has appointed Tom Whittingdale to head its audit and consultancy team with immediate effect
01 July 2011
ExxonMobil ordered to pay punitive damages for Maryland spill
ExxonMobil could be facing a $1bn+ legal payout after a Maryland jury ordered the oil major to pay punitive damages to the victims of a gasoline spill in 2006
01 July 2011
DaVinci takes $153mn Q1 cat hit
RenaissanceRe affiliate DaVinci Re suffered $152.9mn of net cat losses in the first quarter and turned in a combined ratio of 246.3 percent, according to ratings agency Moody's
01 July 2011
Guy Carp sees US property cat rates up 5-10%
Guy Carpenter has estimated risk-adjusted rate increases of 5-10 percent for nationwide US cat-exposed treaties at the 1 June and 1 July renewals
01 July 2011
Flagstone expects $25mn-$30mn from Q2 cats and raises Q1 losses
Flagstone Re expects to book losses of $25mn-$30mn net of retrocession and reinstatement premiums from the severe weather activity that struck the US in April and May this year.
01 July 2011
Montpelier Re takes Q2 US cat hit of $35mn
Montpelier Re has become the latest (re)insurer to reveal the impact of Q2 US catastrophe losses as it said it expects a pretax net loss from the weather events of $35mn, net of reinsurance and reinstatement premiums.
01 July 2011
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