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Tokio Marine XoL renews 35% up
Tokio Marine has renewed its major excess of loss reinsurance (XoL) programme with the quake-hit lowest layer pricing up by 50 percent and the overall treaty up by a third, The Insurance Insider can reveal
25 May 2011
Outsized cat losses push PartnerRe outlook to negative
Moody's has changed the outlook on PartnerRe to negative from stable as it affirmed the group's ratings
25 May 2011
AIG prices $9bn offer at $29 a share
AIG has priced the 300 million shares in its so-called "re-IPO" at $29 a share, a fraction above the break-even price for the US Treasury-held portion of the stock up for sale.
25 May 2011
Endurance in $230mn post-Japan preferred share issue
Endurance Specialty Holdings Ltd has become the second Bermudian to raise funds post-Japan with a $230mn issue of preference shares.
25 May 2011
Deadly Joplin tornado could cost insurers up to $3bn: Eqecat
Insurers could be on the hook for $1bn-$3bn of losses from the devastating tornado that ripped through the city of Joplin, Missouri on Sunday, according to Eqecat
24 May 2011
Gallagher acquires Singapore brokerage
Arthur J Gallagher & Co has acquired Singapore-based broking house ITI Solutions for an undisclosed consideration
24 May 2011
Sony expects $400mn insurance recovery
Sony expects its insurance cover to "offset almost all" of its $400mn earthquake losses in the fiscal year ending 31 March 2012
24 May 2011
TSR repeats above-normal US hurricane forecast
(Re)insurers should batten down the hatches and brace themselves for an above average US hurricane season, Tropical Storm Risk has said
24 May 2011
PartnerRe talks up rating environment
Bermudian (re)insurer PartnerRe has talked up the level of rate increases seen across its portfolio at an analysts' conference, according to Barclays Capital analyst Jay Gelb
24 May 2011
UK insurers dodge systemic ratings bullet
UK insurers were given welcome relief today (24 May) when they were not named among 18 financial institutions put up for review by ratings agency Moody's
24 May 2011
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