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Anxious World Cup for injury underwriters
The World Cup is finally underway - and the stress the modern game now places on players is also raising anxiety levels among underwriters in the niche personal accident market.
14 June 2010
Political risk loss bill for (re)insurers nears $2.5bn
The overall claims cost to political risk underwriters of the global financial crisis so far is approaching $2.5bn, according to Bermuda-headquartered (re)insurer Aspen.
14 June 2010
Aspen estimates $25mn Deepwater exposure
(Re)insurer Aspen has become the latest company to declare a loss relating to Deepwater Horizon, with its estimate in the region of $15mn-$25mn.
14 June 2010
Swiss Re pushes industry Chile losses to $6.5bn
Industry declared losses in relation to the Chile earthquake have now reached $6.5bn, after Swiss Re became the latest (re)insurer to up its loss estimate with a new figure of around $630mn.
14 June 2010
RITC tender for Goshawk and Alleghany begins
All Lloyd's managing agents have been written to inviting approaches for the reinsurance-to-close (RITC) of two of the largest ‘open-year' syndicates, the ill-fated Goshawk 102 and Alleghany 376, The Insurance Insider understands.
14 June 2010
US crop insurers digest watered down reforms
US crop insurers and their reinsurers are digesting a watered down final version of the legislation that governs the relationship between public and private provision of cover.
14 June 2010
TigerRisk wins another key Florida account
Expansive US reinsurance broker TigerRisk has won the account for Florida specialist insurer Homeowners Choice Inc from giant Aon Benfield, The Insurance Insider can reveal.
14 June 2010
Axis settles $399mn Blue City albatross
Axis Capital has settled its political risk/financial credit exposures relating to Blue City, the $20bn real estate project in Oman that has become a totem for the industry's aggressive expansion into writing risky credit insurance in emerging economies.
14 June 2010
The value paradox
We all knew the global P&C (re)insurance sector was trading at historic low valuations, but you only know your sector's really cheap when the private equity boys come knocking on the door.
14 June 2010
Pamplona reported to have abandoned Chaucer play
Russian-backed private equity investor Pamplona Capital Management is reported to have withdrawn its application to the UK's Financial Services Authority (FSA) for approval to build on its 9.99 percent stake in Lloyd's insurer Chaucer.
14 June 2010
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