All Windstorm articles – Page 3
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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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Analysis
1 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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Southern US hit by record tornadoes
Widespread destruction across Mississippi and Alabama
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Severe storms lash US
Texas, Missouri, Illinois hit by baseball-sized hail and tornadoes
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Allianz completes Blue Fin 4 cat bond
Latest $40m issuance provides US quake and wind cover
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Reinsurers capital at record high of $470bn
Share buybacks are unlikely ahead of US hurricane season
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People & Opinion
Ed 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
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Aon Benfield joins China to boost typhoon research
Alliance aims to develop historical database to help with consistent risk profiling
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Novae expects $25m-$40m hit from Japan quake
2011 catastrophes combined could cost insurer $80m
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Aon Benfield launches German storm surge model
Tool will help (re)insurers define individual and aggregate exposures
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PERILS windstorm update shows insured sums on the rise
Increase of 4.6% across nine european countries
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Claims
On shaky ground
As catastrophes wreak havoc across the world, reinsurers face the all too familiar aftershock of claims handling.We examine the continuing learning curve
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News Agenda
For the road ahead
Just as motorists have come to rely on sat-navs to show them the best course to take, insurers depend heavily on catastrophe risk models. Such dependence can lead to disappointment
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Reinsurers have ‘exhausted their 2011 cat budgets’
Willis Re says 2011 disasters so far could subdue M&A and buy-backs