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Sony expects $131mn insurance recovery
Sony expects its insurance cover to "offset almost all" of its estimated $131mn earthquake losses relating to fixed assets in the fiscal year ending 31 March 2012
02 June 2011
International digest
Tokio treaty renewal up 35%; Combined ratios soar for US P&C reinsurers; AIG exit begins; Tokio Millenium Re appoint Zurich CEO...
02 June 2011
London digest
Claims transformation a ‘double-edged sword'; Fac back; Apollo heads for treaty; Profits up at Lloyd & Partners; ...And at Tysers; Traveler retires...
02 June 2011
Arch Capital tempers hard market expectations
Despite the flurry of international and US catastrophe losses the industry is still awash with excess capital and those anticipating an imminent turn could be in for a long wait
02 June 2011
Prudential invests in Catco
UK life insurer Prudential is among the new investors in collateralised reinsurer Catco, according to documents released to the London Stock Exchange
02 June 2011
Top Layer affirmed by AM Best
AM Best has affirmed the A+ financial strength rating and aa- issuer credit rating of RenaissanceRe's perma-sidecar Top Layer Reinsurance, saying it has generated outstanding operating results since 1999
02 June 2011
USAA forced to re-price $250mn ResRe
Flagship cat bond sponsor USAA was forced to lift pricing above initial guidance to place its latest Residential Re multi-peril bond
02 June 2011
Scor cat bond downgraded on Japan aftershocks
Standard & Poor's (S&P) has downgraded Scor's Atlas VI Capital 2009 cat bond after aftershocks from the Tohoku earthquake racked up points towards its trigger
02 June 2011
2011 sidecars come off the shelf
The Insurance Insider looks at the differences between the new models and their 2005/06 predecessors
02 June 2011
Flowers steps down from Enstar
Another run-off acquisition vehicle backed by a hedge fund giant is Bermuda-based Enstar, which until recently, was effectively controlled by Chris Flowers
02 June 2011
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