News – Page 528
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MMC panel advises on catastrophe risk management
A panel of MMC experts has been advising clients on business continuity planning and other challenges posed by an active storm season
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S&P assigns ratings to Swiss Re quake bond
Standard & Poor’s has assigned ratings to “MedQuake”, Swiss Re’s Mediterranean earthquake catastrophe bond
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Cat issues high on NAIC agenda
Catastrophe issues are high on the agenda at this year’s Summer NAIC meeting, which coincides with the start of 2007 storm season
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Reinsurers more exposed to hurricanes in 2007
An increase in quote share reinsurance could leave reinsurers more exposed to multiple storms in 2007, warns Fitch
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TSR continues to predict an active Atlantic hurricane season
TSR’s pre-season outlook reaffirms extended outlook and predicts Atlantic basin and US landfalling activity will be 65% above normal in 2007.
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Swiss Re in $100m Mediterranean quake bond
Swiss Re has obtained $100m protection against earthquake risk in Turkey, Greece, Israel, Portugal and Cyprus
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Alea shareholders urged to accept takeover bid
Independent directors are urging Alea shareholders to accept the acquisition bid by FIN Acquisition
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Munich Re takes lead in Caribbean cat solution
Munich Re is taking the syndicate lead in reinsuring the “Caribbean Catastrophe Risk Insurance Facility”
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Hannover Re completes Praetorian sale
The sale of Hannover Re's US subsidiary Praetorian Financial Group to the QBE has been closed
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US collateral proposals to have limited impact
AM Best expects the NAIC's reinsurance collateral proposals to have a limited impact on property/casualty companies
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Best affirms raft of AEGON ratings
AM Best has affirmed the ratings for a number of AEGON subsidiaries and notes
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Promotions in Arch property division
Arch Insurance has announced two promotions in its property division
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Greenlight raises $258m in IPO and private sale
Greenlight to use IPO proceeds to ramp up capacity of reinsurance operations
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EQECAT launches offshore Gulf model
New offshore energy model for the Gulf of Mexico launched
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Ignore Solvency II at your peril, warns S&P
European insurers behind on Solvency II, claims Standard & Poor's report
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US property-casualty reinsurers on the up in Q1
RAA survey reveals massive improvement in property-casualty combined ratios
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A buyer's market, say Willis report
Buyers benefit from global property market conditions
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Online onlyLloyd’s appoints new director
Sue Langley joins Lloyd's from Hiscox to oversee North American operations
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Moody’s outlines takaful approach
Takaful, Shari'ah-compliant insurance, has shown impressive premium growth rates in recent years. In a new report, Moody's Investors Service gives an overview of takaful's differences from conventional insurance, the benefits that a rating offers and the approach taken to analysing the financial strength of such companies."When analysing the financial strength ...
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Spitzer forms panel to help NY retain status as financial capital
The new panel will review financial services industry and propose legislative and other necessary changes
