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Australian cat losses mount to $1.75bn
Declared losses from Australia's recent spate of catastrophes have reached roughly $1.75bn, according to initial analysis from The Insurance Insider.
07 February 2011
US P&C rates fall 5 percent
Rates for US property and casualty insurance fell by 5 percent on average in January, according to the latest market barometer from Texas-based insurance exchange MarketScout.
07 February 2011
Comment: Don’t attack what you don’t understand
The problem with many US prosecutors' attacks on our industry since the aggression first unleashed by Eliot Spitzer in 2004 bore such spectacular fruit is that they have been so far wide of the mark.
07 February 2011
IAG’s $4.1bn reinsurance to limit $170mn Australian flood losses
Canny reinsurance purchasing stands to limit Insurance Australia Group's (IAG) net losses from the recent flooding and typhoon activity in the country, The Insurance Insider understands.
07 February 2011
Chaucer share price spike amid M&A interest
Chaucer's share price has strengthened by more than 5 percent in trading today (7 February) as talk on Lime Street continues to fix on the perennial takeover target
07 February 2011
D&O insurers vulnerable to repeat of 98-02 pain
Leading D&O underwriters have warned that soft market pressures and a reduction in the use of reinsurance have left the sector vulnerable to a repeat of the pain it suffered in the late 1990s and early 2000s
07 February 2011
Excess D&O insurers must change pricing model
D&O underwriters need to change the way they price the excess layers on towers of insurance coverage if they are to avoid the pitfalls of past soft markets
07 February 2011
Ex-Gen Re CEO Brandon vindicated as regulators close file
Joseph Brandon - the former General Re CEO who was forced to resign amid growing pressure from US regulators over a controversial finite reinsurance transaction with AIG - can return to the industry with his reputation intact
07 February 2011
MarketScout sees US P&C rates down 5% in January
Rates for US property and casualty insurance fell by 5 percent on average in January, according to the latest market barometer from Texas-based insurance exchange MarketScout
07 February 2011
White Mountains profits slump in 2010
White Mountains Insurance Group booked an 80 percent slump in net profits from $470mn in 2009 to $87mn last year, despite a relatively strong performance in its reinsurance division
04 February 2011
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