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Livecat ILWs trade on Cyclone Yasi
As Cyclone Yasi bore down on Australia's Queensland coast as a Category 4 storm yesterday (2 February), brokers transacted livecat industry loss warranty (ILW) deals for traders seeking to hedge against losses, our sister title Trading Risk revealed
03 February 2011
Munich Re slides into underwriting loss on EUR500mn cat bill
Munich Re's full-year profits slid by 5 percent to EUR2.43bn as it reported that catastrophes had cost it EUR495mn in the final quarter of 2011 and pushed its full-year combined ratio over 100 percent.
03 February 2011
Economic losses from Yasi $2bn-$5bn
Cyclone Yasi, the storm that has lashed the coast of Queensland in the past 24 hours, is likely to inflict economic losses of between $2bn and $5bn, according to a preliminary estimate from Eqecat
03 February 2011
Livecat ILWs trade on Cyclone Yasi
As Cyclone Yasi bore down on Australia's Queensland coast as a Category 4 storm today (2 February), brokers transacted livecat industry loss warranty (ILW) deals for traders seeking to hedge against losses.
02 February 2011
International digest
Scor targets low Swiss yields to issue SFR400 debt offer; Australia floods: up to $10bn; Endurance in Perry buyout; Platinum in RenRe buyback; ‘AIG will not split'...
02 February 2011
London digest
Carlson Capital leads US return and build up on Lime Street; Lloyd's ‘100s of millions' Oz hit; Everest Re loses UK chief; RSA blames the weather; Lloyd's £300mn SII spend; Amlin snaps up agency brace...
02 February 2011
RiverStone and R&Q close costly Lloyd’s chapters
Lloyd's has entered 2011 finally free of the two largest failures to fall on the Central Fund in its history - GoshawK Syndicate 102 and Alleghany Syndicate 376
02 February 2011
Run-off market keeps up the M&A pace
A busy start to the year for legacy transactions...
02 February 2011
Eiopa schedules second industry stress test for April
The European Insurance and Occupational Pensions Authority (Eiopa) has opened for business with a second pan-continental stress test scheduled for the industry in April
02 February 2011
Compact failure could bring greater Fed role
The Non-Admitted and Reinsurance Reform Act of 2010 (NRRA) also addresses the reporting, payment and allocation of insurance premium taxes, which will only be collectible by the insured's home state when applied to non-admitted insurance.
02 February 2011
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