Aon Benfield Report: Despite Catastrophes, Reinsurance Rates Remain Stable April 4, 2011 Aon Benfield’s most recent evaluation of the state of the reinsurance market, as of April 1, concludes that it performed...
Lloyd’s Director Luke Savage on 2010 Results, Japan, What’s Ahead April 1, 2011 By Charles E. Boyle His voice was a little husky, but Luke Savage – Lloyd’s Director of Finance, Risk Management and Operations – was...
Willis Re: Japan Quake Not Enough to Turn Soft Market March 31, 2011 A report from Willis Re, the reinsurance brokerage arm of Willis Group Holdings, notes that “relatively orderly price movements at...
2010 Nat Cats, Disasters Cost $218 Bn – $43 Bn Insured; Says Swiss Re March 29, 2011 According to Swiss Re’s latest sigma study, worldwide economic losses from natural catastrophes and man-made disasters were $218 billion in...
Arkansas Earthquakes Decline After Injection Well Closures March 16, 2011 By Sarah Eddington The number and strength of earthquakes in central Arkansas have noticeably dropped since the shutdown of two injection wells in...
AIR’s Japan Quake/Tsunami Insured Loss Estimates: $15 Billion to $35 Billion March 14, 2011 Boston-based catastrophe modeling firm AIR Worldwide’s most recent statement, based on “currently available information, estimates that insured property losses from...
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...
Consensus: Consumer Education Needed to Reduce Disaster Losses January 6, 2011 With more than 50 percent of the country’s population living in coastal counties, there is an urgent and extensive need...
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,...
Calif. Commissioner Poizner: Insurance Agent Advice Critical December 30, 2010 By Patricia-Anne Tom As California’s third elected insurance commissioner, Steve Poizner has had a wealth of accomplishments. Among other things, he: reduced the...