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Platinum hikes Ike loss figure by 57 percent
Platinum Underwriters Holdings has become the latest (re)insurer to increase loss estimates from Hurricane Ike as the true impact of September’s storm continues to escalate.
15 January 2009
Aon Benfield to outsource UK client operations
Aon Benfield, the reinsurance arm of broking giant Aon Corp is to outsource its UK back office following the £935mn merger of the two firms last year.
14 January 2009
International News Digest
Chubb Europe completes London move; Bermudian Starr gets A rating; Japanese trio in merger talks; US P&C sector slides to loss; CEA responds to QIS4 despite impasse; Swiss Re secures $1.5bn to ease capital concerns; Torus acts as Citadel scales back
13 January 2009
BRIEFINGS
Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP...
13 January 2009
Goodbye, to all that…
2008, with Hurricanes Ike and Gustav, a spate of US tornadoes, and nearly $7bn in single risk losses, is now being regarded as the second-worst year for catastrophe losses on record.
13 January 2009
Cat futures near $500mn threshhold
The nascent catastrophe derivatives markets have now traded more than $440mn of notional volume since their inception in late 2007.
13 January 2009
Jubilee blesses Pope's property launch
Expansive Lloyd's insurer Jubilee has officially launched its global property business under the leadership of former Travelers underwriter Martin Pope - a move predicted by The Insurance Insider last July.
13 January 2009
Ironshore raids continue AIG management drain
The steady flow of senior executives out of American International Group (AIG) continued into the New Year as the heads of the beleaguered insurance giant’s environmental unit left to launch a new business at Bermudian Ironshore.
13 January 2009
AMTrust gears up for 2009 Lloyd's launch
Expansive US insurer AMTrust Financial Services is planning a Lloyd's syndicate launch later this year, The Insurance Insider can reveal.
13 January 2009
Mission liquidation yields additional $121mn
The liquidated estate of US workers' compensation insurers Mission Insurance Companies yielded a further $121mn for policyholders, bringing the total amount distributed to approximately $1.5bn.
13 January 2009
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