All articles by Newsdesk – Page 77
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Munich Re raises 2012 profit target despite Sandy hit
Reinsurer posts year-to-date profit of €2.7bn; expects ‘mid-three-digit million’ Sandy loss
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‘Moderating’ prices eat into Guy Carp Q3 revenue
Nine-month revenue up 4% despite Q3 dip
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Aon Benfield develops Swiss flood model
New tool utilises hydrodynamic flood model designed by Ambiental
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Hannover Re profit doubles
Expects US crop burden of $62.8m; ‘Too early’ to assess Sandy losses
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Lancashire launches new sidecar
Saltire Re has fully collateralised capacity up to $250m
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Combine Re cat bond could face Sandy losses - Moody’s
Investors will lose money if insured losses are towards $20bn, rating agency warns
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Swiss Re quota share boosts Berkshire earnings
Total insurance earnings grow to $5bn YTD; cat reinsurance premiums up 20%
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Sandy wind loss to cost insurers $12bn
New York and New Jersey shoulder majority of loss burden
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Endurance specialty unit to focus on Europe, Asia Pac and LatAm
New trade credit and surety unit headed by Axis Re’s Christoph Virchow
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SCOR launches $227m cat bond
Atlas Re VII deal protects reinsurer against US hurricanes, earthquakes and European windstorms
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Munich Re launches $75m Queen Street VII cat bond
Transaction protects reinsurer against US and European windstorm risks
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Analysis
Ultimate Sandy loss 'could take years'
Wind versus flood litigation likely; $20bn loss will be ‘manageable’
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AIG reveals Q3 profit of nearly $2bn
Combined ratio of 105% reflects cat losses and adverse reserve development
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RenRe warns of 'significant' Sandy hit
Combined ratio of 43.1% YTD contrasts with 140.5% a year ago
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Eqecat doubles Sandy loss estimate due to BI claims
Risk modeller’s post-landfall insured loss range is between $10bn and $20bn
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Greenlight Re reveals Q3 underwriting loss
Deterioration attributed to commercial motor liability contracts in run-off
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News
PartnerRe swings to profit
Net income of $1bn compares to 2011 loss of $502m for the nine months