The delicate threads that hold modern life together are dramatically cut by an unexpected threat from outer space, with disastrous effects. It’s the stuff of science fiction usually associated with tales of rogue asteroids on a collision course with earth. …
At first glance that statement may seem a little strange, considering that Lloyd’s reported an overall loss for the year of £516 million ($822 million). But considering that overall insured losses for the year from natural catastrophes were between $107 …
2011 looks set to be one of the worst years on record for natural catastrophe events; continuing civil unrest roils the Middle East and Europe’s economic crisis shows no signs of abating. All of those conditions should be pointing to …
Insurance rates are rising for property in high-risk areas, while rates are falling for many lines of professional insurance, leading to an overall stable market around the world, according to a report from Marsh, the brokerage arm of Marsh & …
The long awaited end of the reinsurance pricing cycle may be obtainable, but is that necessarily good news? In his keynote speech at the PricewaterhouseCoopers breakfast briefing at the Reinsurance Rendezvous Martin Sullivan, deputy chairman of Willis Group and CEO …
Two industry heavyweights, Lloyd’s Chairman Lord Peter Levene and Brian Duperreault, President & CEO of Marsh & McLennan Companies, got together at the annual Lloyd’s New York City Dinner at the St Regis Hotel. Speaking to more than one hundred …
Lloyd’s has insured a football player’s hair, the anatomical attributes of various celebrities, and even a Frenchman’s heroic crossing of the English Channel in a bathtub. So, where else would English adventuress and world record holder Sarah Outen go to …
A report from Willis Re, the reinsurance brokerage arm of Willis Group Holdings, notes that “relatively orderly price movements at the April 1 Japanese reinsurance renewals reveal that the Tohoku Earthquake is not the catalyst that will bring about a …
