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RMS estimates $3.5bn to $6bn for April tornadoes
The tornadoes that wrought destruction across parts of the US could cost insurers up to $6bn, according to modelling agency RMS
17 May 2011
Dice have no memory, but people do
The eternal debate between the scientific and the more humanist market worldviews was thrown into relief last week at our flagship InsiderScope conference in New York
16 May 2011
Catalina’s Glacier Re deal receives thumbs up
Expansive run-off acquirer and manager Catalina Holdings has confirmed its acquisition of Swiss-based run-off reinsurer Glacier Reinsurance AG.
16 May 2011
R&Q victorious in Seaton and Stonewall run-off saga
The long-running dispute between Goldman Sachs-backed Enstar and London-based Randall & Quilter (R&Q) finally ended last week.
16 May 2011
Flood bill passes US Committee as Mississippi swells
The American Insurance Association (AIA) says it is critical that reform legislation on the National Flood Insurance Program (NFIP) is passed, given the current flooding along the Mississippi river.
16 May 2011
Captives should ‘prepare for worst on SII’
Captive insurers should start preparing for the worst-case scenario from the introduction of Solvency II and begin working to mitigate its likely effects, ratings agency AM Best has said.
16 May 2011
SII rules could reduce debt demand
Solvency II (SII) regulations could have a negative impact on the demand for corporate debt, according to a survey conducted by ratings agency Fitch.
16 May 2011
Governor urged to veto Florida pro-insurer bill
Florida's insurance bill is facing an 11th hour lobbying attempt to derail it before Governor Rick Scott signs it into law.
16 May 2011
US Treasury to set up insurance advisory committee
The US Treasury has announced the creation of a Federal Advisory Committee on Insurance (FACI) as part of its post-financial crisis regulatory overhaul.
16 May 2011
Insurers wait for US systemic risk decision
US P&C insurers will find out this summer whether their fight to avoid additional regulation for companies deemed to be systemically risky financial institutions has been successful.
16 May 2011
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