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2010 hurricane season no ogre
The 2010 hurricane season was a "gentle giant" for the key US (re)insurance market, according to Jack Hayes, director of the US National Oceanic and Atmospheric Administration (NOAA)'s National Weather Service.
30 November 2010
Markel chief Kirshner to undergo medical treatment
Markel Corporation said its chairman and CEO Alan Kirshner is to undergo medical treatments that may lead to his absence from the US insurer's offices for most of December and January.
30 November 2010
News in brief
ProSight acquisition is confirmed; Ratings agency downgrades Allianz subsidiary; HCC announces two additions to board...
29 November 2010
Swiss Re: insurers anxious about investment returns
Investment returns are insurers' number one concern, according to a new Swiss Re Sigma study on the impact of the financial crisis and changing regulations on insurers' asset management.
29 November 2010
Tawa bolsters US platform with Lincoln General partnership
Lincoln General Insurance Company and Pro, a subsidiary of UK-listed legacy acquirer Tawa, announced a strategic relationship last week that will bring together their resources and experience.
29 November 2010
Only 1 in 10 internal SII models would pass test
With little more than two years to go until Solvency II goes live, just one in 10 European insurers believe that their internal model would currently be approved for use, according to new research from Towers Watson.
29 November 2010
Brokers make ‘don’t ask, don’t tell’ agreement
European brokers' association the European Federation of Insurance Intermediaries (Bipar) has signed a transparency protocol with risk managers trade body the Federation of European Risk Management Association (FERMA), suggesting that brokers should fully inform clients of their remuneration packages - but only if asked.
29 November 2010
Healthy new peril for ILS sector
Investment bank Goldman Sachs has brought the first health insurance related risk to the insurance-linked securities (ILS) market with the proposed $200mn Vitality Re securitisation for new sponsor Aetna Life Insurance.
29 November 2010
RFIB delivers operating profit rally despite soft market
Lloyd's (re)insurance broker RFIB's operating profits for 2009 climbed 17 percent to £3.5mn while adjusted pre-tax income remained flat, as growth and profits remain under pressure for London independents.
29 November 2010
Swiss Re looks to renew CDO-style cat bond
Swiss Re is seeking to renew a multi-peril, multi-event cat bond deal structured as the reinsurance equivalent of collateralised debt obligations.
29 November 2010
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