News – Page 293
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NewsEC's van Hulle to step down in 2013
No replacement lined up yet for top European insurance post
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NewsAbility Re downgraded on 2012 losses
AM Best said pending legal case and decline in capitalisation were behind downgrade
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AnalysisThe growing need for climate forecasting
INSIGHT: Why Willis believes reliable global climate forecasts will soon sit alongside annual economic forecasts
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NewsAon product allows US to lock in flood cover prices
Broker adds a call option to its Flood Secure replacement cover offering
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NewsCyber-attack threats on the increase, warns Munich Re
Advancements in IT leaving firms exposed, says reinsurer
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NewsQIC assigned A rating
AM Best says rating reflects “excellent prospective risk-adjusted capitalisation”
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NewsAIR revises Sandy loss estimate up to $16bn-$22bn
Loss restatement driven by storm surge damage
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Online onlyPatria Re’s Carlou highlights LatAm reinsurance challenges
CEO says treat region not as a bloc, but as a “collage of very different countries”
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Online onlyEurope braces for indirect tax changes in 2013
Cash-strapped states will rely on new taxes to reduce deficits
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Online onlySkuld syndicate launches new cover for ports
Marine insurer offers combined physical damage and liability product
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Online onlyR&Q buys Finnish run-off reinsurer Alma
Run-off buyer will fund purchase from existing resources
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Online onlySwiss Re to take $900m Sandy hit
Estimate based on total insured losses of between $20bn and $25bn
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NewsNew accounting standards delayed until 2016, says Swiss Re
Chief economist says additional metrics needed on insurers’ economic value
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NewsEndurance appoints global insurance head
Kuhn appointed on day insurer swoops for Galileo Weather Risk Management
