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Germany’s BaFin names new insurance head
German financial watchdog BaFin has named Gabriele Hahn as its new head of insurance regulation.
15 December 2010
Call to open US flood insurance gates
(Re)insurance trade bodies have called for a greater private role in the US National Flood Insurance Program (NFIP)
15 December 2010
UK solicitors PI market overhaul
The body responsible for regulating the UK solicitors' professional indemnity (PI) market is recommending key changes to cut the cost of providing non-commercial cover to firms.
15 December 2010
…But at least transition offers Solvency II succour
There is growing recognition that Solvency II will be phased in, which should reassure the industry
15 December 2010
Lloyd’s slams Solvency II standard model
The standard model capital charge would be the equivalent of the 25 largest cat losses of the past decade all occurring in one year. No wonder Lloyd's is seeking approval for its own model
15 December 2010
ILS manager has $400mn on call for energy launch
Leading ILS fund manager Credit Suisse Asset Management (CSAM) has secured $400mn of contingent capital for a new energy-focused (re)insurance vehicle that will launch if the market hardens
15 December 2010
Cathedral leads procession for smaller cat bond buyers
Cathedral's Lloyd's Syndicate 2010 was the protection buyer involved in an innovative private cat bond securitisation that may pave the way for future syndicates or smaller (re)insurers to acquire protection from the capital markets
15 December 2010
New Zealand earthquake triggers cold-spot ILWs
Around half of the estimated $100mn "cold spot" industry loss warranty (ILW) market has triggered as the latest loss estimates for the New Zealand earthquake top $3bn
15 December 2010
Christmas rush pushes 2010 cat bonds over $5bn
We look at every ILS transaction this year - including those in a bumper pipeline - and conclude that issuance will reach over $5bn
15 December 2010
GC takes pole position on Generali's Italy flag
Guy Carpenter is understood to have won the lead position on the Italian reinsurance placement for insurance giant Assicurazioni Generali from rival Aon Benfield.
15 December 2010
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