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Risk traders hold back as Dean takes Mexican path
As Hurricane Dean bears down on the Yucatan Peninsula of Mexico, there are few signs of trading around industry loss warranties (ILWs) and the other hedging strategies typically employed in anticipation of a major hurricane loss.
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
US start-up receives AM Best A- rating
US start-up insurer SPARTA Insurance Company has been assigned an A- financial strength rating from rating agency AM Best.
20 August 2007
Hardy remains bullish as forecasts improve
Listed Lloyd’s insurer Hardy Underwriting Group impressed analysts after upgrading its syndicate forecasts in a “bullish” trading statement on 16 August.
20 August 2007
Europe mulls rating agencies probe over sub-prime failure
According to reports last week, the European Commission (EC) is set to investigate the role of rating agencies over their response to the US sub-prime mortgage crisis.
20 August 2007
Rating levels still ‘very acceptable’ to Heritage
Despite moderate price reductions, the Lloyd’s listed (re)insurer Heritage Underwriting Agency plc’s said rates are “still at very acceptable levels” in its latest syndicate forecasts.
20 August 2007
Uncertain times provides perfect backdrop for Trading Risk debate
The brutal uncertainty in the equity markets, together with the menacing presence of Hurricane Dean, is a reminder of the capricious nature of the (re)insurance business.
20 August 2007
ZFS $400mn flood losses fail to wash out six month results
First half earnings at insurance giant Zurich Financial Services (ZFS) rose by a third to $2.7bn despite the firm suffering a 3.9 percent deterioration in its combined ratio in the second quarter due to UK flood losses.
20 August 2007
QBE shares leap on buoyant interims
Australian insurer QBE Insurance Group saw its share price jump 11 percent to A$30.52 today (20 August) on the back of record interim results and a surge in equity markets following last week’s sell-off.
20 August 2007
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