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Cat futures continue to attract
Interbroker-dealer Evolution Markets has launched a new division for trading and structuring catastrophe derivatives following its successful entry into the weather derivatives market.
18 August 2008
Cologne Re rides out cat losses
German reinsurer Cologne Re, part of Warren Buffett's General Re group, posted first-half profits of EUR166.6mn, up from EUR129.2mn in the prior-year period, despite being hit by catastrophes in Europe and Australia.
18 August 2008
Fay on track for Florida hurricane landfall
Tropical Storm Fay is expected to reach hurricane strength after crossing western Cuba and is on track to hit Florida later today (18 August), according to forecasters at Tropical Storm Risk.
18 August 2008
Strengthening dollar boosts London's brokers
Costs in sterling and revenues in dollars has been the awkward position for many London-based brokers so the deteriorating pound is providing a welcome fillip.
18 August 2008
Flagstone plans Indian JV
"Class of 2005" Bermudian Flagstone Reinsurance Holdings says it is planning to move into the primary market in India.
18 August 2008
Amlin continues distribution stake-building
Lloyd's insurer Amlin plc has continued its strategy of acquiring interests in small UK producers with the purchase of a minority stake in TL Dallas Group Ltd.
18 August 2008
Guy Carpenter relocates COO
The restoration of New York as the centre of Guy Carpenter's power was reflected last week in the migration of global chief operating officer Charlie Fry to the US.
18 August 2008
RMS unveils new winter cat models
Risk Management Solutions (RMS) has launched new winter storm and severe convective storm models for North America to assess losses from different weather events.
18 August 2008
RenRe terminates sidecar Starbound II
Bermudian reinsurer RenaissanceRe Holdings Ltd has terminated its retrocessional sidecar Starbound Reinsurance II Ltd.
18 August 2008
S&P downgrades US P&C sector outlook
Ratings agency Standard & Poor's revised its outlook for the US commercial lines and property & casualty (P&C) sector to negative last week on the back of continued price softening and declining investment returns.
18 August 2008
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