News – Page 304
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Strong quake rocks Russia's east coast
Magnitude 7.5 earthquake strikes to the north of Japan
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NAIC chief Terri Vaughan to step down next year
NAIC to conduct search for replacement later this year
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AIR adds builder's risk capability to US cat models
Version 14 of CLASIC/2 estimates hurricane and earthquake damage to buildings under construction
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Miller takes trade credit broker from RK Harrison
Richard Miller to help develop broker’s trade credit and surety book
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Hiscox Bermuda names new analytics head
Dr Michael Palmer to lead company’s catastrophe risk analysis
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Admin Re sale loss slashes Swiss Re Q2 profit by 91%
Reinsurer sold US Admin Re book at a $1bn loss
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Willis nabs Aon Benfield executive for CEO role
Alejandro Vaccaro joins as chief executive of Willis’s fac reinsurance business
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News
Allianz launches new healthcare plans for China
Plans will cover in-patient and day-care treatments as well as medical evaluation and local ambulance
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China braces for losses as third typhoon hits
Tropical storm Haikui followed similar track to 2004’s devastating Typhoon Rananim
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XL returns to profit in H1 on lower cat losses
Combined ratio improves to a profitable 93% from 110.1%
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Guy Carpenter reports 8% organic growth in H1
MMC insurance division profits rise 11% to $818m
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Munich Re on track to hit full year target after €1.6bn H1 profit
Low interest rates ‘far greater challenge than the economy’
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Allianz Group profits climb 39% during H1 2012
Strong revenue growth and diverse portfolio boost insurer
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Novae hails progress on rebuilding reinsurance team
Engineering and motor reinsurance cut following exodus
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