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Indemnity cat bonds raise modelling issues
Two of the cat bonds in the latest crop of new issuance have demonstrated the potential for divergent modelling views to emerge on indemnity offerings.
04 March 2014
SCOR climbs in response to AM Best report
French reinsurer SCOR enjoyed a 6.3 percent bounce in its shares on Friday after the ratings agency AM Best affirmed its BB+ financial strength rating with positive outlook while also upgrading some of the reinsurer’s senior and subordinated debt instrume
06 December 2004
Marsh establishes two PCC facilities
Broker Marsh has received approval from the respective regulatory authorities to establish protected cell captive (PCC) insurance facilities in Washington and the Isle of Man.
01 May 2009
Darag acquires legacy (re)insurer Hanseatica
German run-off (re)insurer Darag has bought the legacy carrier Hanseatica Rückversicherungs-AG in its first acquisition since receiving a EUR60mn capital injection last month
23 May 2013
Endurance worn down by hurricane losses
Post-9/11 (re)insurer Endurance reported a 2005 net loss of $220.5mn, or $3.60 a share, a reversal of the $355.6mn, or $5.28 per share net profit made in the previous year, as it shared the hurricane-hit woes of its compatriots.
20 February 2006
Alliant not in breach of Aon poaching injunction
A New York court has ruled against Aon in its ongoing poaching case with Alliant. Aon accused the rival firm and former senior Aon construction broking executive Michael Cusack of breaching an injunction that bars Alliant from poaching Aon employees and clients.
27 February 2012
Berkshire Hathaway 2011 cat losses lighter than 2005
Berkshire Hathaway paid out $2.6bn in catastrophe claims in 2011 as its downsizing kept cat losses well short of the unadjusted $3.4bn that the group incurred in 2005.
27 February 2012
Arch PA team sues Danish Re
Members of a personal accident (PA) team dismissed by Imagine Group's Danish Re after handing in their notice are suing the reinsurer for unfair dismissal.
06 December 2007
Scor Syndicate 2015 wins Lloyd's approval for 1/1 start
Global reinsurer Scor has received approval in principle to start a new £75mn Lloyd's syndicate for the 2011 year at 1 January, a move first revealed in September by The Insurance Insider.
03 November 2010
BP oil spill trial postponed by a week
The start of the much anticipated BP Deepwater Horizon trial has been delayed by one week to allow the oil giant more time to reach an agreement with plaintiffs impacted by the 2010 disaster
27 February 2012
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