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The Hartford and Swiss Re kick off 2011 fundraising
Swiss Re has opened the 2011 ILS scoreboard in spectacular style with its biggest Successor offering to date, while repeat cat bond sponsor The Hartford is revisiting the cat bond market with the first pure US wind bond of 2011.
14 February 2011
Catlin replaces cat bond with mixed cover
Lloyd's reinsurer Catlin last week said that it had replaced its expiring Newton Re cat bond cover with both traditional and collateralised reinsurance.
14 February 2011
Scor sets EUR110mn longevity goal
French reinsurer Scor hopes that longevity risk business will make up about 3 percent of its global life premiums within three years, according to reports.
14 February 2011
S&P bearish again on 2011 cat bond issuance
Ratings agency S&P says it does not expect catastrophe bond issuance to rise significantly in 2011, despite increased investor demand, as the soft reinsurance market and low catastrophe toll will hold back growth.
14 February 2011
Ryan says no to reinsurance, retail and London wholesale broking
Aon founder Patrick Ryan has vowed that his start-up Ryan Specialty Group will avoid retail, reinsurance and London-market wholesale broking.
14 February 2011
Ryan announces third February acquisition
Ryan Specialty Group (RSG) has acquired transactional risk managing general agency (MGA) Concord Specialty Risk - its third deal since the beginning of February.
14 February 2011
THB’s higher margins offset by impairment costs
Independent London market (re)insurance broker THB group saw healthy 2010 broking profits undermined by losses in its UK retail business and significant impairment costs.
14 February 2011
Brown & Brown endures organic revenue fall
US retailer Brown & Brown registered a 3.3 percent decline in organic revenues for the final three months of 2010.
14 February 2011
Strong earnings for Willis as cost review unveiled
Willis posted sound group-wide fourth-quarter earnings including a strong London market performance, but its numbers were overshadowed by the announcement of a new cost review as its deferred compensation scheme begins to eat away at margins.
14 February 2011
Queensland flood claims reach A$2bn
Claims from the flooding in Queensland after Christmas and in the New Year have now breached the A$2bn threshold, the Insurance Council of Australia (ICA) said last week.
14 February 2011
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