News – Page 295
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Hannover Re issues new €500m hybrid bond
Company now has four outstanding bonds in market
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LatAm Reunión 2012: Multinational insurers must think local to be global
Lack of knowledge and understanding of local communities is holding multinationals back in Latin America
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Marketing
LatAm Reunión 2012: Greater penetration required in local markets
Inaugural conference witnesses call for greater development of micro life and health insurance products for low income populations
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Sandy will result in more than one million claims - Karen Clark & Co
State Farm had received 75,000 property claims by 5 November
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Willis launches directors' cover in three more markets
DARCstar now available in Australia, Hong Kong and Singapore, with plans for further countries
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QBE cuts profit forecast after $450m Sandy estimate
CEO Neal: Sandy will cost more than $20bn and move rates
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Sandy flood damage 'extensive' - Willis Re
Only minor building damage from wind, reinsurance broker reports
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AIG name ‘is back’ as global rebrand completes
Insurer also introduces ‘bring on tomorrow’ tagline
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Catlin reports 5% rate rises in 2012 to date
Gross written premiums up 11%; Sandy losses uncertain
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Emerging markets drive RSA growth
Targets Latin America with Argentina acquisitions; Growth rate of 18%
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Sandy economic losses could exceed $30bn
Aon Benfield’s Impact Forecasting yet to ‘externally’ release its insured loss estimate
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Beazley expects 90% COR for 2012 despite Sandy
Lloyd’s insurer achieves 3% rate increase in 2012 to date
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M7.4 earthquake shakes Central America
Guatemala quake felt as far away as Mexico City and El Salvador
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Admin Re US sale boosts Swiss Re results
Reveals a Q3 profit of $2.2bn; Too early to assess Sandy
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NZ quake losses to exceed $25bn
Only one-third of claims have been settled; Berkshire deploys capacity in Canterbury
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Lancashire’s UK move hits nine-month expense ratio
Insurer will face Sandy hit but says too early for estimates
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Novae ‘well-placed’ to tackle Sandy after strong nine months
Lloyd’s insurer says it is too early for Sandy loss estimates
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Alterra Q3 profit dips 22%
Decline attributed to poor investment return and crop and storm losses