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NYMEX trades first cat derivative
Three months into the 2007 hurricane season, the first Re-Ex Index catastrophe derivative has gone through on the New York Mercantile Exchange (NYMEX).
23 August 2007
Dean spares (re)insurers, despite high intensity
Despite the fact it was the third-most intense Atlantic hurricane to make landfall since records began Hurricane Dean's "extraordinarily fortunate track" left (re)insurers facing only modest losses.
23 August 2007
Insurers postpone debt issues amidst market turmoil
The current crisis in the money markets has led to insurers cancelling planned debt issues, The Insurance Insider can reveal.
23 August 2007
Dean’s insured losses to be less than feared
Insured losses from Hurricane Dean will be in a range of $0.75-1.5bn, substantially less than first feared due to the storm’s “extraordinarily fortunate track”, according to modelling firm Risk Management Solutions (RMS).
21 August 2007
Dean's insured losses to be less than feared - RMS
Insured losses from Hurricane Dean will be in a range of $0.75-1.5bn substantially less than first feared due to the storm’s “extraordinarily fortunate track”, according to modelling firm Risk Management Solutions (RMS).
21 August 2007
SCOR turnover leaps with Revios acquisition
French reinsurer SCOR Group has revealed a 55 percent increase in its gross written premium during the first half of this year, primarily driven by its acquisition of the life reinsurer Revios.
21 August 2007
AIR founder launches modelling consultancy
Karen Clark, the founder of modeling firm AIR Worldwide, has launched an independent company to act as a consultancy for (re)insurers that use catastrophe models.
20 August 2007
RenRe rewards securitisation leader
Bermudian (re)insurer RenaissanceRe has promoted Larry Richardson to senior vice president of its strategic investments arm, Renaissance Re Ventures.
20 August 2007
Montpelier makes US progress
Montpelier Re has made progress in its new US operation as it diversifies from its roots as a Bermudian monoline reinsurer.
20 August 2007
Hampden pushes ahead with AIM float
Lloyd’s investment vehicle Hampden Underwriting plc (HUP) is pushing ahead with its £15mn floatation on the London Stock Exchange’s Alternative Investment Market (AIM) and trading is expected to commence on 4 September.
20 August 2007
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