All Top News Stories of The Week articles – Page 7
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Willis acts as co-lead in Catlin cat bond
Cover is the broadest protection of a reinsurance account yet seen in the cat bond market, says Hvidsten
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Catlin sponsors $150m indemnity cat bond
Latest transaction with Newton Re will protect against US wind and quake, European wind and Japanese wind and quake
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Ratings assigned to Fund American Re
Bermuda-based subsidiary of White Mountains gains an "A-"; Folksamerica Re ratings affirmed
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Online onlyCalifornia wildfire risk increasing, says RMS
Costing $2.5bn in California alone, 2007 was one of the costliest wildfire seasons ever
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Montpelier Re profits dip marginally
Wildfire losses hit Q4 results; roll-out of new Lloyd’s, European and US platforms cost $12m
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Online onlyCharman to remain Axis CEO until 2013
John Charman will remain CEO and president of Axis Capital until 31 December 2013
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Munich Re predicts 98% combined ratio for 2008
The slight increase is due to moderate price falls and the impact of natural catastrophes
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Flagstone results marred by cat losses
UK floods, European storm, Australian floods and US wildfires cost Class of 2005 reinsurer $192.9m
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Bond reinsurers' ratings under threat
BluePoint Re, Channel Re and RAM Re all on creditwatch negative, reveals S&P
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MMC to declassify its board of directors
All directors would become subject to annual election reveals chairman Stephen Hardis
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Record income for Max Capital
2007 sees increased life and annuity business written; board approves $100m share buyback plan
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Online onlyKessler hails renewals a triumph for Scor
Gross written premiums of €5.9bn expected for the whole group in 2008
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Online onlyPCI calls for responsible cat risk solution
A federal backstop should not include “artificial market restrictions”, warns CEO Sampson
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Further downgrades on Ballantyne Re
Mark-to-market losses have increased, putting additional strain on the structure, says S&P
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Online onlyBermuda faces rising competition abroad
Insurers are also beating paths to Dublin, Dubai, Zurich, and Luxembourg, says S&P
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Paris Re migrates Axa Re portfolio
Successful renewals despite non-renewals; expands credit and bond portfolio
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Aon in massive restructure
Broker to integrate risk and insurance broking services into Aon Risk Services
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Endurance income increases to $521m
But premiums written in Q4 fall by 5.2% year on year
