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Haiti earthquake expected to trigger CCRIF payouts
Early indications show that the Caribbean Catastrophe Risk Insurance Facility (CCRIF) will face payouts as a result of the devastating earthquake that struck Haiti on 12 January, reports sister title Trading Risk.
14 January 2010
Shallow impact
Reinsurers' first quarter interim results have revealed that the initial shockwaves from the Chilean earthquake have been soothed by persistent improvements in the broader financial markets.
26 May 2010
(Re)insurance stocks steady on bail-out failure
Global (re)insurance stocks remained steady in early trading today (30 September) as news of the rejection by US Congress last night of the $700bn rescue package for the country's ailing banking sector sent tremors through global indices.
30 September 2008
AIR Worldwide predicts up to EUR400mn Italian quake loss
Insured losses from last week’s earthquake in the Abruzzo region of Italy are likely to be between EUR200mn and EUR400mn, according to risk modeling agency AIR Worldwide.
14 April 2009
UK earthquake could cost £30mn
Property damage from the earthquake that hit the UK on 27 February is likely to cause insured losses of between £15-30mn, according to initial estimates by Risk Management Solutions (RMS).
03 March 2008
Stanford CIO's $45mn Lloyd's claim creates dilemma for D&O insurers
The success of a controversial $45mn claim from Stanford Financial Group (SFG)'s former chief investment officer (CIO) against a number of Lloyd's insurers will boil down to the specific wording of the original directors' and officers' (D&O) policy in whi
06 April 2009
Gallagher grows energy presence with Caribbean move
Arthur J Gallagher & Co (AJG) has bolstered its presence in the energy markets with the agreement to acquire a 38.5 percent stake in Jamaican-headquartered intermediary CGM Group (CGM).
17 December 2007
Gallagher acquires 'significant' stake in leading Caribbean broker
Arthur J Gallagher & Co (AJG) has acquired a 38.5 percent interest in Jamaican-headquartered intermediary CGM Group (CGM) as part of the US-firm's strategic growth in the region, The Insurance Insider has learnt.
14 December 2007
llinois quake marks 1906 'Big One' anniversary
On the 18 April anniversary of the 1906 San Francisco "big one", a magnitude 5.4 earthquake shook southern Illinois last week issuing a warning to (re)insurers, some of whom are already reducing quake coverage.
21 April 2008
Lloyd's debt spreads widen in credit market turmoil
Spreads of Lloyd's subordinated debt over the London Interbank Offered Rate (LIBOR) have widened since late July as concerns over US sub-prime mortgages hit credit markets.
07 September 2007
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