News – Page 340
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Online onlyCyclone Lua hits Northwest Australia
Cyclone makes landfall north of Port Hedland as a powerful category 4 storm
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Online onlySwiss Re proposes former MetLife boss as director
Robert Henrikson nominated for a three-year term on reinsurer’s board
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Online onlyThai flood model launches
JBA Risk Management model release follows major flooding in 2011
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Online onlyUSA will achieve SII equivalence - Fitch
Solvency II unlikely to spark relocations wave but movements within Europe possible
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Online onlyFitch upgrades SCOR to A+
Upgrades reflect SCOR’s strong solvency and moderate debt in relation to its risk profile
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Online only‘Remember AIG’, says EC as it defends SII
Commission disagrees Solvency II is forcing insurers like Prudential to leave London
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Online onlyBest briefs on “new normal” for catastrophes
Tornadoes, the most costly US peril in 2011, have prompted a rethink
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Online onlyHannover Re could redomicile within EU
Proposed transformation into a European public limited company would allow relocation
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Online onlyHannover Re posts “gratifying” €606m profit
Total losses from natural disasters cost the German reinsurer €980.7m
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News2011 catastrophe losses ‘not an aberration’
Reinsurers need to cut 7.5 points from COR to compensate for each 1% drop in investment income
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News'Regulators should work with insurers to craft supervision that works'
MultaQa panel agrees that appropriate regulation is required to fix regulatory shortcomings
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NewsChancellor urges industry to shout louder about successes
Osborne told ABI that insurers are ‘not communicating their resilience’, according to Hiscox chief
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NewsSingapore terrorism consortium launches
Xin Consortium is backed by Amlin, Markel, Canopius and Argenta
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NewsPartnerRe: GCC reinsurers should learn lessons from Thailand
Potential earthquake and windstorm risks growing in region
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NewsMunich Re targets profit of €2.5bn for 2012
Reinsurer anticipates further rate rises at 1 April and 1 July renewals
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Online onlyArgo names new finance director
Darren Argyle replaces Ciaran O’Donnell who has left “to pursue other interests”
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NewsSaudi enjoys rapid insurance growth
Health premiums up from 32% in 2006 to 53% in 2010 – AM Best
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NewsArig chief: Takaful needs to ‘get its act together’
Islamic insurance is ‘cannibalising’ the standard market rather than reaching new customers


