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Demand pushes Green Valley cat bond pricing down
Pricing came in below guidance on the first European wind bond of the season, French insurer Groupama's EUR100mn Green Valley II, The Insurance Insider's sister publication Trading Risk reports.
27 September 2010
RMS launches parametric index for Japanese typhoons
Risk modelling firm Risk Management Solutions (RMS) has launched a parametric industry loss index for Japanese typhoons, taking its Paradex line-up to cover the five largest insurance perils.
27 September 2010
Hurricane season goes ‘supernova’
Forecaster Weather Services International (WSI) has increased its predictions for major hurricanes in the 2010 season, after Julia and Karl surprised forecasters by developing into major storms earlier in the month.
27 September 2010
Local insurers write $200mn India Commonwealth games contingency
The Commonwealth Games 2010's $200mn plus contingency risk cover is retained in local markets - placed with the Oriental Insurance Company and reinsurerd by General Insurance Company of India (GIC), The Insurance Insider can reveal.
27 September 2010
Fanapi losses estimated at $0.5bn-$1bn
Asian typhoon Fanapi may cause insurable damages of between $500mn and $1bn, according to modelling firm Eqecat
27 September 2010
Low losses from Igor and Karl
Hurricanes Igor and Karl whipped up as the most significant storms of the 2010 season to date, but neither took a toll on the insurance industry.
27 September 2010
Former Frank Crystal COO launches broker
Mark Freitas, former president and chief operating officer at Frank Crystal & Company, has launched a broking start-up in the US called Mark Edward Partners.
27 September 2010
Former Aon exec frontrunner to succeed JLT’s Agnew
Former Aon Ltd deputy chairman Jonathan Palmer-Brown is the frontrunner to succeed Andrew Agnew as chairman of Jardine Lloyd Thompson (JLT)'s London market specialty arm.
27 September 2010
Lonmar parent makes £3mn loss on financing costs and FX
Centrix Insurance Holdings, the parent of London market and international broker Lonmar Global Risks, made losses of £3.2mn in 2009 as financing costs and foreign exchange (FX) losses collided with a softening market.
27 September 2010
Despite heavy costs, JLT claims aviation push is a success
Jardine Lloyd Thompson (JLT)'s controversial push in the aviation sector is paying dividends, investors heard in a presentation last week.
27 September 2010
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