In a bulletin released shortly after the earthquake in Peru, Catastrophe modeling firm AIR Worldwide said that “given the relatively sparse population in the epicentral area and the fact that insurance penetration is generally low (estimated at just 2 percent …
A bulletin from Munich Re names the “sovereign debt crisis in Europe and the USA, a sustained phase of low interest rates and heavy natural catastrophe burdens,” as well as general uncertainty in the re/insurance markets as posing “significant challenges …
Stefan Holzberger, A.M. Best’s managing director-analytics, recently moved to London from the U.S. He is well placed to analyze the impact of the European Union’s Solvency II regulations, not only on the Europeans, who are directly affected, but also on …
According to catastrophe modeling firm AIR Worldwide’s Dr. Tim Doggett, even though hurricane Jova has weakened to a tropical depression, it’s still capable of causing further damage. “Jova’s slow speed raises the potential for heavy rainfall accumulations—especially in the higher …
A new report from A.M. Best notes that “intense competition and the effect of the weak economic climate on investment returns and loss experience continue to put pressure on U.K. non-life insurers’ financial performance. “Results for 2010 also provided further …
A.M. Best has begun an assessment of the potential financial impact Hurricane Irene’s passage through the Caribbean and up the East coast of the U.S. might have on the property/casualty industry in the U.S., Caribbean as well as the global …
The man who holds in his hands the fate of U.S. credit, and with it potentially the global economy, favors small tie knots, sports a bushy mustache and smokes his fair share of cigarettes. Beyond that, he is a mystery, …
A new report from Willis ILS – Investors Eager for Cat Bonds Following Light Second Quarter Issuance – concludes that, despite, or perhaps due to the catastrophes experienced during the first quarter of 2011, investors are showing renewed and increasing …
Preliminary readings of black box data recovered from a French Airbus plane that crashed in the Atlantic have eased any immediate concerns over the safety of A330 aircraft, but investigators warned on Tuesday against rushing to blame the crew for …
Aon Benfield Securities, the investment banking subsidiary of Aon Corp., has released its latest Insurance Linked Securities (ILS) report, which examines the key trends in the ILS sector during the first quarter of the year. The report notes that “several …
