Australia Flood Damage Seen as Long-term; Rail, Road Links Destroyed January 7, 2011 By Daniel Munoz Australia’s flood-stricken coal industry may be disrupted for months after key rail and road links were washed away, while some...
Omega Raises NZ Quake Estimates to $16.8 Million; Australia Floods January 7, 2011 Bermuda-based Omega Insurance Holdings Limited, which is also a leading LLoyd’s insurer, has issued a revised estimate of the losses...
Ratings Recap: Tokio Marine Pacific, Malaysian Re, Kazakhinstrakh, Ansvar January 7, 2011 A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Guam-based...
Swiss Re Places $97 Million Windstorm Cat Bond for Groupama January 7, 2011 Swiss Re Capital Markets has successfully structured and placed €75 million [app. $97 million] of notes issued by Green Fields...
Willis Energy Facility Provides Additional Capacity for Oil/Gas Sector January 6, 2011 Willis Group Holdings announced the creation of a new facility designed to provide additional underwriting capacity for the oil and...
Abel to Head Brokerage Operations of Cooper Gay Non-marine Team January 6, 2011 Cooper Gay, the independent global wholesale, reinsurance and specialist retail insurance broker, has appointed Alan Abel as head of broking...
Ironshore Forms Dublin Subsidiary; Marry Named as CEO January 5, 2011 Bermuda-based Ironshore Inc announced the formation of Ironshore Europe Limited, domiciled in Dublin, Ireland. Fiona Marry has been appointed as...
Ratings Recap: Century Insurance (Guam & Saipan), Taiping Re January 5, 2011 A.M. Best Co. has affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Century...
Swiss Re Concludes $170 Million Successor X Cat Bond Placement January 5, 2011 Swiss Re has obtained another $170 million in protection through the Successor X Ltd. catastrophe bond program, covering Australia earthquake,...
Australia Floods Cause ‘Catastrophic Damage’ January 5, 2011 By Daniel Munoz Australia’s record floods are causing catastrophic damage to infrastructure in the state of Queensland and have forced 75 percent of...