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,...
Lloyd’s Does Well in a Tough Year December 30, 2010 Lloyd’s year-end review shows that, like the rest of the industry it faced a number of challenges in a difficult...
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...
Flagstone Re Places $210 Million Cat Bond Using RMS Paradex Indices December 29, 2010 Flagstone Reassurance Suisse SA and Risk Management Solutions have announced the successful placement of $210 million of multi-peril Montana Re...
Chartis Obtains $450 Million Cat Bond with Lodestone Re December 28, 2010 Chartis announced that it has entered into a reinsurance transaction with Lodestone Re, which will provide $450 million of protection...
Ratings Roudup: PMG (Sony), Qatar General, Al Ittihad December 28, 2010 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a”...
Ratings Recap: Allianz Global (US), Balboa Group, North Light, Heritage December 28, 2010 A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit ratings of “aa” of Allianz...
Catastrophes Top 2010 List of Major Global Insurance Events December 23, 2010 Natural and man-made catastrophes topped the list of the most significant events in 2010, with three major earthquakes, a near...
2010’s Top Insurance Stories in the West December 23, 2010 By Patricia-Anne Tom In 2009, independent insurance agents and brokers faced a “perfect storm” with the economic downturn, premiums at a fraction of...