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Lockton forms partnership with Germany’s Funk
Kansas-headquartered Lockton has formed a strategic partnership with major German broker the Funk Group.
06 December 2010
London market has no exposure to Pakistan aid cargo crash
The Russian cargo plane IL-76 that crashed shortly after takeoff from Karachi Jinnah International Airport in Pakistan on 28 November was not insured in the London market, sister title Inside FAC understands.
06 December 2010
SkyTerra satellite glitch could cost $268mn
An antenna glitch on a SkyTerra 1 mobile communications satellite threatens to cost the niche space insurance market up to $268mn, our sister title Inside FAC understands.
06 December 2010
Industry warned over increasing European wind cat losses
Aon Benfield has estimated losses from European windstorms over the last three years at around EUR6.2bn, warning that even bigger hits are possible in future due to increased spending on insurance.
06 December 2010
Qantas pushes aviation sector to another annual loss
Aviation insurers will fail to make a return for the fourth year running following last month's estimated $70mn+ Qantas A380 loss.
06 December 2010
Insured losses from hurricane season fall below $500mn
Total insured losses from the Atlantic hurricane season will be less than $500mn, despite the formation of the second highest number of hurricanes since records began.
06 December 2010
2010 cat losses hit $36bn
Insured losses from natural catastrophes and manmade disasters total $36bn in 2010 so far - up 34 percent on last year - according to Swiss Re's Sigma team.
06 December 2010
Continental programme in spotlight after Paris Concorde ruling
Attention is shifting onto Continental Airlines' historic aviation liability insurance programme after a Paris court ruled today (6 December) that it was "criminally responsible" for the fatal crash of a Concorde jet a decade ago.
06 December 2010
Beazley leads Pike River Coal programme
Beazley is understood to lead the property programme for Pike River Coal, the operator of the New Zealand mine that exploded and killed 29 men, sister publication Inside FAC has revealed.
06 December 2010
US reinsurers’ Q3 underwriting profits halve
US-based P&C reinsurers' underwriting profits more than halved from $703mn to $304mn in the first nine months of 2010, according to data compiled by the Reinsurance Association of America (RAA).
06 December 2010
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