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Argo launches $100mn Loma Re cat bond
Bermudian reinsurer Argo Re is turning to the cat bond market for the first time, attempting to raise $100mn of multi-peril protection under its Loma Re offering.
03 June 2011
Non-life Japanese insurers pay out $11bn
Non-life insurers in Japan have already paid out more than $11bn of claims relating to homes that were damaged by the 11 March Great Tohoku earthquake, the General Insurance Association of Japan has said
03 June 2011
RMS 11 gets Florida seal of approval
The Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) has approved the updated RMS Version 11 (V.11) hurricane catastrophe model
03 June 2011
US weather losses ‘in excess of $20bn’
Reinsurance brokerage Holborn has warned that US catastrophe losses since April are likely to exceed $20bn
02 June 2011
Validus increases Florida exposures by 30-35%
Bolstered by its $180mn sidecar AlphaCat Re 2011, Validus took advantage of firming property cat rates to increase its Florida exposures by 30-35 percent
02 June 2011
Global Energy & Power Review 2011
Welcome to the 2011 Global Energy & Power Review. Looking back at last year's inaugural publication, many things have changed in the power and energy sector
02 June 2011
Terra Firma walks away from Chaucer after regulator ultimatum
Terra Firma has said that it has no intention of making an offer to acquire Lloyd's insurer Chaucer plc after it was asked to clarify its intentions by the UK Panel on Takeovers and Mergers
02 June 2011
BP Marsh’s profits recover
Niche UK venture capital firm BP Marsh's profits for the year to 31 January 2010 climbed to £3mn from just £0.1mn the previous year
02 June 2011
Towergate appoints new CEO as IPO plans continue
Mark Hodges has stepped down from the helm of Aviva's UK business and will succeed Andy Homer as CEO of private equity-backed Towergate in October
02 June 2011
Rating agencies reformed
The Securities and Exchange Commission (SEC) has proposed new regulations that would require rating agencies to disclose more quantitative and qualitative information on how they assess debt
02 June 2011
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