All articles by Newsdesk – Page 92
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Warren Buffett diagnosed with prostate cancer
The condition is “not remotely life threatening” reassures Oracle of Omaha
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2012 cat bond issuance could exceed $5bn – Aon Benfield
Record $1.5bn of new issuance in Q1, broker says
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Chile struck by M6.7 quake
Strong shaking affects 76,000 people but no tsunami warning is issued
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Argentina in major oil firm renationalisation
President Fernández seizes YPF, ousting Spanish shareholder
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Reinsurers need 'equal access' to markets – Swiss Re
Swiss Re chairman addresses regulatory and protectionist concerns at AGM
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Tsunami warning lifted after quakes hit Indonesia
M8.6 and M8.2 quakes strike off the coast of Aceh
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Goldman and Arch complete Ariel purchases
Goldman buys Ariel Re and Arch buys Ariel’s Swiss credit and surety reinsurance operations; Atrium remains
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Allied World Re names Barrett SVP
Joseph Barrett will oversee the crop, energy and specialty property treaty lines of business
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News
Lancashire renews $350m credit facility
Letters of credit will support obligations under reinsurance liabilities
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Swiss Re places $240m Allianz cat bond
Blue Danube covers North Atlantic hurricane and North American earthquake risks
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Prices continue to rise at 1 April – Guy Carpenter
Rates climb for all Japanese property catastrophe and per risk lines
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Validus launches new Bermuda reinsurer
Teams up with hedge fund Paulson & Co to launch PαCRe
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Willis Japan taps Aon for new retail chief
Yoshihide Enomoto replaces Takeshi Kai as broker opens new Osaka office
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Tornadoes rip through Dallas
Insurers are already facing $2bn in claims from the 2012 convective storm season
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Flagstone sells Lloyd’s business to ANV
Sale will generate $48m in cash and free up $162m of capital
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Kiln enters equine market
Underwriter Georgina Smart joins Kiln after ten years at Catlin
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Gen Re appoints chief underwriters
Treaty promotion for Carole Ferrero and global fac promotion for John Kronenberg
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Flagstone sells Island Heritage to BF&M
Troubled reinsurer will net around $41m from the sale
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Market remains ‘segmented’ at 1 April – Willis Re
Japanese property cat price hikes range from 10% to 100%