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$30-50bn loss to halt property cat reinsurance softening: Aon
At current pricing levels, it would take a $30-50bn ground-up property loss to reverse the slide in property cat reinsurance rates, according to Aon Re Global.
15 April 2008
Cadwalader reinsurance chief departs for DLA Piper
Lawrence Brandes, the head of Cadwalader Wickersham & Taft's reinsurance practice, has left the law firm to join rival DLA Piper in New York.
14 April 2008
Competitive renewals at 1/4, says Willis
Reinsurers faced increased competition and a softening market at the recent 1/4 renewals, according to Willis Re.
14 April 2008
RenRe buys crop insurer
Bermudian RenaissanceRe Holdings Ltd has bought US crop insurance managing general underwriter (MGA) Agro National.
14 April 2008
QBE blasts Australian Exchange for ‘conflict of interests’
The chairman of Australian insurer QBE Insurance Holdings blasted the Australian Stock Exchange for its "conflict of interests" following volatility in the company's share price which he blamed on short sellers.
14 April 2008
Allstate profits warning on heavy loss quarter
US insurer Allstate Corp is likely to fall short of profit expectations when it reports its first quarter result later this month.
14 April 2008
Judge upholds Florida's Allstate bar
A US federal appeal judge has upheld the decision by Florida's insurance regulators to bar Allstate Corp from writing new business in the state.
14 April 2008
Berkshire bond insurer gets AAA rating
Standard & Poor's (S&P) has granted AAA ratings to Berkshire Hathaway's start-up bond insurer.
14 April 2008
Brit AMC-14 satellite loss limited
Brit Insurance's exposure to the AMC-14 satellite that failed to reach its planned orbit last month is limited to $12mn before reinsurance, according to Numis Securities analysts.
14 April 2008
Job cuts continue as brokers ride tough market conditions
Brokers are again cutting back their workforces as the tough trading conditions squeeze their margins.
14 April 2008
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