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Munich Re Chile loss climbs to $1bn
Munich Re has increased its loss estimate for the Chile earthquake to $1bn from $700mn, based on a market loss estimate that has climbed to $8bn from $4-$7bn.
08 June 2010
QBE in $66mn move on workers’ comp insurer
Australian insurer QBE has bought CNA's Argentinian subsidiary for $66mn, as it looks to continue its strategy of growth through acquisition.
08 June 2010
Exclusive: Cooper Gay set to unveil Swett & Crawford tie-up
Cooper Gay is set to become the latest independent London market to engage in merger and acquisition (M&A) activity with an imminent move on US wholesaler Swett & Crawford, The Insurance Insider can reveal.
08 June 2010
People moves
Ace hires aviation executive Brett; Jubilee life appointee; Roberts turns to Argo
07 June 2010
Buffett ‘hates’ ratings agency model but sees no alternative
Moody's largest shareholder, Warren Buffett, admitted to the US Congress last week that he "hates" the issuer-based pay model that ratings agencies operate under, but does not think that there is an alternative.
07 June 2010
Gen Re rebrands in Cologne
Gen Re has extended its global rebranding initiative to its German subsidiary, the Kölnische Rückversicherungs-Gesellschaft (KRG), which will now be known as General Reinsurance AG.
07 June 2010
UN agencies see future for index-linked agricultural insurance
A study by two United Nations specialist food agencies has concluded that there can be a profitable commercial market for index-based agricultural insurance, with government and donor help needed to create the underlying infrastructure.
07 June 2010
Captives plead for ‘special treatment’ under SII
European risk managers have banded together with the captive insurance industry to appeal for "special treatment" under Solvency II.
07 June 2010
P&I clubs sail towards recovery on improved investment returns
The shipowners' protection and indemnity (P&I) clubs look to have emerged from the global shipping and financial crisis as they approach their reporting season for 2009, according to broker AJ Gallagher.
07 June 2010
Airline insurance rate hardening eases
The airline insurance market appears to have settled into single digit rate increases in 2010, as the hardening that has followed last year's heavy losses slows.
07 June 2010
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