All Flood articles – Page 2
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Online onlyThe market has changed, says Hiscox
Recent natural catastrophes have changed the reinsurance market, according to Hiscox.In its interim management statement, the (re)insurer said the first quarter began with rate reductions in reinsurance lines. But following catastrophe losses, reinsurance rates have returned to 2010 levels with increases in some areas, especially in the Asia Pacific. ...
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Online onlyHannover Re aims to increase Asia-Pac capacity
Hannover Re is aiming to increase its capacity in Australia in 2011, despite recent large losses in the area.Ulrich Wallin, chief executive of the German reinsurer said in a media briefing: “As far as our own policies are concerned, following all the losses, we intend to expand our capacity in ...
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Online only
PartnerRe $807m Q1 loss "significant"
Partner Re‘s first quarter results have been hit by a net loss of $807m which was “significantly in excess” of expectations. The Bermuda-based reinsurer recorded an operating loss of $735.6m for the first quarter of 2011. This compares to an operating loss of $50.4m for the first quarter of 2010.PartnerRe ...
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People & OpinionWeblog - May 2011
While April saw no major catastrophes, reinsurers took a collective intake of breath as claims from the first quarter came flooding in.Balance sheets all round took a beating in Q1, but it wasn’t all bad news. Topping out our most popular stories this month was Hannover Re, which reported record ...
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Analysis1 April renewals: Acting local
Following a staggering run of natural catastrophes, the industry has been awaiting the 1 April renewals with interest. While rates on a local level have seen some rises, high levels of reinsurance capital are suppressing a wider hardening
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Online onlyReinsurers capital at record high of $470bn
Share buybacks are unlikely ahead of US hurricane season
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Online onlyChaucer faces £35m Japan claims bill
Insurer is also seeking improved terms and conditions for cat exposed business
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People & OpinionEd Noonan, Validus
Validus boss Ed Noonan can quip with the best of them, but beneath the grin lies a tough customer, as his company’s hostile takeover of IPC proved. He talks here about the deal of the decade – and what’s next on the agenda
