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Earthquake hits Alaska raising tsunami fears
A 7.1 magnitude earthquake has hit Alaska, with the threat of a devastating tsunami forcing residents to flee.The huge earthquake hit just south west of Alaska which struck at 6:55 am EDT and was 22.1 miles deep, according to the U.S. Geological Survey.People living in coastal areas have been told ...
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Montpelier takes on Torus cat book
Montpelier Re has agreed to acquire the renewal rights of fellow Bermudian (re)insurer Torus's property catasrophe reinsurance business. As part of the deal, Torus will provide sidecar capacity to Montpelier from 1 January 2012. "With the continued expansion opportunities we see in our insurance operations, along with our modest ambitions ...
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Catlin’s European reinsurer opens in Madrid
Catlin Re Switzerland, the continental European reinsurance business of Lloyd’s insurer Catlin, has opened a Madrid office. From 1 July the new office will write property, casualty and specialty classes of reinsurance business for clients in Spain and Portugal. The office will complement Catlin Group’s existing Barcelona office, which writes ...