All Financial articles – Page 3
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AnalysisUS tornado comes at the worst time
A surprisingly early US tornado season has caused panic in the reinsurance industry. Should it seek shelter or will the worst blow over?
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Online onlyUS faces $5.5bn insurance bill for April storms
Latest insured loss estimates from April’s severe storms in the US place the damage bill between $3.7bn and $5.5bn. Catastrophe modeling firm AIR Worldwide has reported the death toll from the events of April 25–April 28 is currently estimated at 354 across seven states. It is the second deadliest ...
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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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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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FeaturesDavid Cash, Endurance
As David Cash enters his second year as chief executive of Endurance, he believes industry conditions are the best they have been for some years and favours organic increases over consolidation
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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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