All Editorial articles – Page 63
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Montpelier Re loses £130m in hurricanes
Preliminary estimates are based on a total industry loss of $15bn
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Caribbean nation receives cat pool payment
Turks and Caicos Government receives first hurricane-related payout
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Endurance expects $145m hurricanes loss
Bermuda company also reports $10m exposure to Lehman and AIG
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Greenlight Re takes investment hit
However Q3 results show healthy underwriting performance
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Amlin to buy French underwriting agency
Acquisition from 21 Centrale Partners marks European expansion
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Munich Re’s hurricane losses estimated at $500m
Gustav and Ike ‘could cost industry $20bn’ company says
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RenaissanceRe expects $275m hurricane loss
$8.7m exposure to Lehman Brothers securities also announced
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Platinum posts $105m hurricane loss
$18m losses as a result of credit-crisis exposure also announced in Q3 results
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Online only“This is not a fire sale” – Ed Liddy
AIG to retain U.S. P&C operations, foreign general insurance business, and an interest in foreign life. The rest of AIG, including US life operations, is for sale.
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AIG has already drawn $61bn of Fed loan
Company announces a new structure focusing on P&C
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Marsh MD to join Aon Re Global
Jon Steed will join aviation consultancy after completing his duties at Marsh/Guy Carpenter
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Market fears that another insurer in trouble
Comments by Senator spark panic. Hartford Financial shares down 32% despite denying comments referred to it.
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Data indicates recession in U.S.
European Central Bank could cut interest rates for the first time in five years.
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Online onlyCongress to decide today
U.S. Congress to debate whether to approve amended $700 bn bailout package today, after rejecting earlier version last Monday
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Online onlyTHB subsidiary gains Brazilian licence
Approval for specialist broker's unit, PWS Brasil, follows its acquisition in January
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US risk increased
US politicians rejection of $700bn bailout leaves the United States on the brink of recession, says JLT
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Online onlyAllied World reveals GI estimate
Insurer expects it lost $55m to $80m from Hurricanes Gustav and Ike
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S&P issues report on nat cat ILS ratings
Rating agency warns that data and discipline are still paramount in indemnified bonds
